外商投入資本對我國房地產(chǎn)上市公司績效的影響研究
本文關(guān)鍵詞: 外商投入資本 房地產(chǎn) 上市公司 績效 影響 出處:《蘭州交通大學(xué)》2014年碩士論文 論文類型:學(xué)位論文
【摘要】:改革開放以來,一方面,我國經(jīng)濟的快速發(fā)展,吸引了大批外商來中國投資。另一方面,我國城鄉(xiāng)居民收入持續(xù)增長,對居住條件的要求日益提高,使房地產(chǎn)行業(yè)成為我國增長最快的行業(yè)之一。然而,房地產(chǎn)行業(yè)的快速發(fā)展并沒有帶來房地產(chǎn)公司績效的必然提高,我們也無法確定國內(nèi)公司吸收外商投入資本對自身績效的影響方向。目前,,房地產(chǎn)上市公司能否通過吸收外商投入資本改善績效仍是一個未知數(shù)。故本研究從外商投入資本及公司績效的概念出發(fā),梳理了已有研究成果,分析了房地產(chǎn)上市公司績效的構(gòu)成要素,進而從理論及實證的角度探清了外商投入資本對房地產(chǎn)上市公司績效的影響路徑,針對國內(nèi)房地產(chǎn)上市公司在利用外資過程中存在的問題,提出了相應(yīng)的建議。這是具有較為重要的意義的。本研究共分為六個部分: 第一部分,緒論。本部分主要分析了選題的背景及意義和厘清了相關(guān)概念,在此基礎(chǔ)上提出了本研究的目的,介紹了本研究的主要研究內(nèi)容與方法,最后簡要概括了本研究的創(chuàng)新及不足之處。 第二部分,文獻綜述。本部分的主要任務(wù)是總結(jié)和評價已有研究成果。本研究從公司績效的內(nèi)涵、評價方法和影響因素以及外商投入資本對公司的影響等方面整理了已有研究成果。 第三部分,房地產(chǎn)上市公司績效的構(gòu)成分析。本部分在前文基礎(chǔ)上,具體剖析了房地產(chǎn)上市公司績效的構(gòu)成要素,并對選取的指標進行評價為后文分析影響路徑打好基礎(chǔ)。 第四部分,外商投入資本對房地產(chǎn)上市公司績效的影響路徑分析。本部分在總結(jié)房地產(chǎn)公司特點的基礎(chǔ)上,從市場、股權(quán)結(jié)構(gòu)和公司治理結(jié)構(gòu)的角度,深入分析了外商投入資本對房地產(chǎn)上市公司績效的影響。 第五部分,外商投入資本對我國房地產(chǎn)上市公司績效影響的實證分析。本部分運用因子分析法和方差分析法,通過選取特定年份房地產(chǎn)上市公司的數(shù)據(jù),分析了外商投入資本對樣本公司績效的影響。 第六部分,政策建議。本部分結(jié)合定量分析及定性分析的結(jié)果,就房地產(chǎn)上市公司吸收外商投入資本方面提出了建議。
[Abstract]:Since the reform and opening up, on the one hand, the rapid economic development of our country has attracted a large number of foreign businessmen to invest in China. On the other hand, the income of urban and rural residents in China has continued to grow, and the demand for living conditions has been increasingly raised. The real estate industry has become one of the fastest-growing industries in China. However, the rapid development of the real estate industry has not brought about an inevitable improvement in the performance of real estate companies. Nor can we determine the direction that domestic companies will have on their performance when they absorb foreign capital. It is still unknown whether the real estate listed companies can improve their performance by absorbing foreign investment capital. Therefore, this study starts from the concepts of foreign investment capital and corporate performance, and combs the existing research results. This paper analyzes the components of real estate listed companies' performance, and then explores the influence of foreign investment capital on the performance of real estate listed companies from the perspective of theory and empirical analysis. In view of the problems existing in the process of utilizing foreign capital in the listed companies of real estate in China, the corresponding suggestions are put forward, which is of great significance. This study is divided into six parts:. The first part, introduction. This part mainly analyzes the background and significance of the topic and clarifies the related concepts, and then puts forward the purpose of this study, introduces the main research content and methods. Finally, the innovation and deficiency of this study are briefly summarized. The second part, literature review. The main task of this part is to summarize and evaluate the existing research results. The evaluation methods and influencing factors, as well as the impact of foreign investment capital on the company and other aspects of the existing research results. The third part, the real estate listed company performance composition analysis. This part on the basis of the above, the specific analysis of the real estate listed company performance elements, and the evaluation of the selected indicators for the later analysis of the impact path to lay a good foundation. Part 4th, the impact of foreign investment capital on the performance of listed real estate companies. This part summarizes the characteristics of real estate companies, from the perspective of the market, equity structure and corporate governance structure, This paper analyzes the effect of foreign investment capital on the performance of listed real estate companies. Part 5th, empirical analysis of the impact of foreign investment capital on the performance of listed real estate companies in China. This part uses factor analysis and variance analysis to select the data of real estate listed companies in specific years. This paper analyzes the influence of foreign investment capital on the performance of the sample company. Part 6th, policy recommendations. Combining the results of quantitative analysis and qualitative analysis, this part puts forward some suggestions on the real estate listed companies to absorb foreign investment capital.
【學(xué)位授予單位】:蘭州交通大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2014
【分類號】:F299.233.4
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