本文關鍵詞：基于財務視角的乳業(yè)上市公司成長性研究　出處：《西北農林科技大學》2017年碩士論文　論文類型：學位論文

  更多相關文章： 乳業(yè)上市公司 成長性 財務視角 因子分析

【摘要】：隨著生活水平的提升,人們對健康、營養(yǎng)等各方面重視程度越來越高,乳制品消費已經(jīng)成為中國家庭普遍性的日常消費。在國家政策的支持和鼓勵下,我國乳業(yè)行業(yè)發(fā)展迅速,乳制品消費量也大幅增加。而乳業(yè)上市公司在行業(yè)中占據(jù)主導地位,其能否穩(wěn)定健康成長決定著行業(yè)的發(fā)展和興衰。因此研究乳業(yè)上市公司的企業(yè)成長性對于了解整個乳業(yè)行業(yè)的發(fā)展有著重要意義。目前,國內外學者對企業(yè)成長性的研究較多,國外學者注重企業(yè)成長理論的研究,國內學者更注重采取實證方法對各領域的企業(yè)成長性進行評價,專門研究乳業(yè)上市公司成長性的文獻有限,本文對乳業(yè)上市公司的成長性進行研究。為了保證研究的客觀性,摒除可能存在主觀因素的定性指標,本文從財務視角出發(fā),運用與成長性有關的財務數(shù)據(jù)對乳業(yè)上市公司的成長性進行研究。首先,本文在對相關文獻進行梳理的基礎上,對企業(yè)的成長性進行界定,對相關理論進行闡述;其次,結合乳業(yè)行業(yè)發(fā)展現(xiàn)狀和行業(yè)特點,從財務視角出發(fā),構建評價乳業(yè)上市公司企業(yè)成長性的指標體系,為了保證研究的全面性和客觀性,本文選取了反映企業(yè)增長能力、獲利能力、資金運營能力、市場預期能力、規(guī)模能力和發(fā)展能力六個維度的15項指標;最后,選取符合研究條件的16家乳業(yè)上市公司,獲取2012-2014年的財務數(shù)據(jù),運用SPSS22.0軟件進行了因子分析,提取反映企業(yè)成長性的6項因子并進行命名,計算企業(yè)在各因子上的得分和總得分,然后進行了排名和分析。在分析的基礎上,結合實際情況提出了未來發(fā)展的一些建議,以期能夠促進行業(yè)健康持續(xù)發(fā)展。研究表明,我國乳業(yè)上市公司總體成長狀況良好,大多數(shù)企業(yè)屬于高速成長和較高速成長企業(yè),但企業(yè)間發(fā)展差距較大,且企業(yè)內部各項能力發(fā)展也不均衡,此外本文還發(fā)現(xiàn),創(chuàng)新能力對乳業(yè)上市公司的發(fā)展而言十分重要。乳業(yè)企業(yè)的成長性主要體現(xiàn)在企業(yè)發(fā)展能力、規(guī)模能力、創(chuàng)新能力、營運能力、盈利能力以及資產(chǎn)擴張能力上,這幾個方面的能力共同決定了企業(yè)的發(fā)展性,僅憑其中幾個能力較強,不能獲得整體較高的成長性。
[Abstract]:With the improvement of living standards, people pay more and more attention to health, nutrition and other aspects. Dairy products consumption has become a common daily consumption of Chinese families. With the support and encouragement of national policies. The dairy industry in China has developed rapidly and the consumption of dairy products has also increased significantly. The listed dairy companies play a leading role in the industry. Its stability and healthy growth determines the development and rise and fall of the industry. Therefore, it is of great significance to study the enterprise growth of listed dairy companies to understand the development of the whole dairy industry. Domestic and foreign scholars pay more attention to the research of enterprise growth, foreign scholars pay attention to the research of enterprise growth theory, and domestic scholars pay more attention to taking empirical methods to evaluate the growth of enterprises in various fields. The literature on the growth of dairy listed companies is limited. This paper studies the growth of listed dairy companies. In order to ensure the objectivity of the research, the qualitative indicators that may exist subjective factors are excluded. From the financial perspective, this paper uses the financial data related to growth to study the growth of listed dairy companies. First, this paper combs the relevant literature on the basis of. Define the growth of enterprises, explain the relevant theories; Secondly, combined with the current situation and characteristics of dairy industry development, starting from the financial perspective, this paper constructs an index system to evaluate the growth of listed dairy companies, in order to ensure the comprehensiveness and objectivity of the research. This paper selects 15 indexes which reflect the growth ability, profit ability, capital operation ability, market expectation ability, scale ability and development ability of the enterprise. Finally, select 16 listed dairy companies that meet the requirements of the research, obtain the financial data of 2012-2014, and use SPSS22.0 software to carry out factor analysis. The six factors reflecting the growth of the enterprise are extracted and named, the scores and the total scores of each factor are calculated, and then the ranking and analysis are carried out on the basis of the analysis. Combined with the actual situation, some suggestions for future development are put forward in order to promote the healthy and sustainable development of the industry. The research shows that the overall growth of dairy listed companies in China is good. Most enterprises belong to high-speed growth and high-speed growth enterprises, but the gap between the development of enterprises, and the development of internal capabilities is not balanced, in addition, this paper also found. Innovation ability is very important to the development of listed dairy companies. The growth of dairy enterprises is mainly reflected in the ability of enterprise development, scale ability, innovation ability, operation ability, profitability and asset expansion ability. These capabilities together determine the development of the enterprise, only on the basis of a few strong ability, can not obtain the overall higher growth.
【學位授予單位】：西北農林科技大學
【學位級別】：碩士
【學位授予年份】：2017
【分類號】：F832.51;F426.82;F406.7

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