我國創(chuàng)業(yè)板上市公司融資質(zhì)量研究
本文選題:創(chuàng)業(yè)板 + 上市公司; 參考:《石家莊經(jīng)濟(jì)學(xué)院》2012年碩士論文
【摘要】:融資質(zhì)量是指企業(yè)對內(nèi)對外融集資金成本效益水平的高低。融資質(zhì)量是衡量一個(gè)企業(yè)負(fù)債融資質(zhì)量、所有者權(quán)益融資質(zhì)量以及是否與資產(chǎn)質(zhì)量相匹配的重要指標(biāo),是理財(cái)質(zhì)量體系的重要組成部分,是關(guān)系著企業(yè)可持續(xù)發(fā)展的重要因素。而我國創(chuàng)業(yè)板經(jīng)過籌備十余年之久在2009年10月才正式開啟,我國新型的創(chuàng)業(yè)板上市公司融資質(zhì)量家底到底怎樣?所謂的高科技和高成長是否與其高達(dá)45倍到100倍的市盈率相匹配?2億元至20億元左右的融資額度是否真正用到公司技術(shù)創(chuàng)新和提高未來成長性上?它們的融資質(zhì)量對我國一千多萬家中小企業(yè),尤其具備在創(chuàng)業(yè)板上市條件的幾十萬家創(chuàng)新型高成長性中小企業(yè)來說,是否具備無可爭議的榜樣力量或標(biāo)桿作用?相關(guān)部門和投資者對此高度關(guān)注。 本文正是基于創(chuàng)業(yè)板及融資理論、理財(cái)質(zhì)量、計(jì)量經(jīng)濟(jì)學(xué)的相關(guān)理論為基礎(chǔ),首次從提高創(chuàng)業(yè)板上市公司的融資質(zhì)量這一全新的角度出發(fā),利用Excel、Spss研究方法,對我國創(chuàng)業(yè)板融資質(zhì)量進(jìn)行研究,通過建立上市公司融資質(zhì)量的指標(biāo)體系,利用國資委績效評價(jià)方法而非指標(biāo)體系,對我國創(chuàng)業(yè)板上市的樣本公司融資質(zhì)量進(jìn)行綜合評價(jià),有利于投資者測評上市公司融資質(zhì)量而做出正確的投資方案,有利于上市公司的管理層及股東提高融資質(zhì)量而做出更好的決策,為證監(jiān)會(huì)、政府及中介機(jī)構(gòu)評價(jià)、檢測上市公司融資狀況提供參考價(jià)值,促使我國創(chuàng)業(yè)板上市公司健康發(fā)展。
[Abstract]:The quality of financing refers to the level of cost-benefit of internal and external financing. Financing quality is an important index to measure a company's debt financing quality, owner's equity financing quality and whether or not it matches with asset quality. It is an important component of financial quality system and an important factor related to the sustainable development of an enterprise. The gem of our country after more than ten years of preparation before officially opened in October 2009, China's new gem financing quality of listed companies after all what? Does the so-called high-tech and high growth match its price-to-earnings ratio of up to 45 to 100 times? is the financing quota of 200 to 2 billion yuan really used to increase the company's future growth and technological innovation? Their financing quality for China's more than 10 million SMEs, especially in the gem listing conditions for hundreds of thousands of innovative high-growth SMEs, whether there is no doubt about the role of role models or benchmarking? Relevant departments and investors are highly concerned about this. This paper is based on the gem and financing theory, financial quality, econometrics related theories, from the perspective of improving the financing quality of listed companies on the gem for the first time, using the research method of Excel Spss. This paper studies the financing quality of gem in our country. By establishing the index system of financing quality of listed companies and using the performance evaluation method of SASAC rather than the index system, the financing quality of sample companies listed on gem is comprehensively evaluated. It is helpful for investors to evaluate the financing quality of listed companies and to make the correct investment plan, to help the management and shareholders of listed companies to improve the financing quality and to make better decisions, so as to evaluate the financing quality for the SFC, the government and the intermediary organizations. Testing the financing status of listed companies provides reference value to promote the healthy development of listed companies on gem.
【學(xué)位授予單位】:石家莊經(jīng)濟(jì)學(xué)院
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2012
【分類號】:F275;F832.51
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