本文選題：新三板　切入點(diǎn)：財(cái)務(wù)成長(zhǎng)性　出處：《青島科技大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

【摘要】：新三板堅(jiān)持為高科技高成長(zhǎng)公司提供投融資平臺(tái),試圖為中小企業(yè)融資難的問(wèn)題提供解決方案。它不僅僅是搭建一個(gè)供非上市股份公司實(shí)現(xiàn)股份流通的平臺(tái),而且是加強(qiáng)掛牌企業(yè)信譽(yù)度、優(yōu)化掛牌企業(yè)治理結(jié)構(gòu)、促進(jìn)掛牌企業(yè)私募融資的平臺(tái)。自新三板開設(shè)以來(lái),掛牌企業(yè)數(shù)量穩(wěn)步增長(zhǎng)。可以說(shuō)新三板繼主板、中小板和創(chuàng)業(yè)板之后,逐漸成為我國(guó)資本市場(chǎng)的重要組成部分,并在全國(guó)范圍內(nèi)得到推廣。其實(shí)行的掛牌備案制和委托代辦股份交易制度則適應(yīng)這類公司對(duì)于資金要求頻率高、規(guī)模小的融資需求。更重要的是,新三板市場(chǎng)對(duì)所有掛牌企業(yè)的財(cái)務(wù)指標(biāo)等不作硬性要求,但注重企業(yè)財(cái)務(wù)的成長(zhǎng)性和企業(yè)的創(chuàng)新能力,因此,對(duì)掛牌企業(yè)財(cái)務(wù)成長(zhǎng)性的研究,具有十分重要的實(shí)踐意義。在研究過(guò)程中,本文以國(guó)內(nèi)外成長(zhǎng)理論為依據(jù),形成了對(duì)企業(yè)財(cái)務(wù)成長(zhǎng)性的一般認(rèn)識(shí),在此理論基礎(chǔ)上,首先介紹了新三板市場(chǎng)的現(xiàn)狀及轉(zhuǎn)板情況,從轉(zhuǎn)板原因、轉(zhuǎn)板難度等方面進(jìn)行統(tǒng)計(jì)與分析,然后運(yùn)用因子分析法,以50家掛牌企業(yè)的財(cái)務(wù)數(shù)據(jù)為樣本進(jìn)行實(shí)證研究,構(gòu)建指標(biāo)體系來(lái)評(píng)價(jià)企業(yè)財(cái)務(wù)成長(zhǎng)性,并對(duì)掛牌企業(yè)進(jìn)行排名,最后,對(duì)樣本公司的排名情況分別從行業(yè)角度、做市商企業(yè)角度及各分項(xiàng)能力角度進(jìn)行綜合分析,以期對(duì)整個(gè)行業(yè)財(cái)務(wù)成長(zhǎng)性進(jìn)行識(shí)別,提出有針對(duì)性的建議,一方面為企業(yè)自身提高成長(zhǎng)性提供建議;另一方面,有利于政府監(jiān)管部門更有針對(duì)性的施策;尤其重要的是,還可以為投資者的決策提供幫助與支持。
[Abstract]:The new third board insists on providing investment and financing platforms for high-tech and high-growth companies in an attempt to provide solutions to the problem of financing difficulties for small and medium-sized enterprises. It is not just a platform for non-listed joint stock companies to realize the circulation of shares. Moreover, it is a platform for strengthening the reputation of listed enterprises, optimizing the governance structure of listed enterprises, and promoting private equity financing for listed enterprises. Since the new third board was set up, the number of listed enterprises has steadily increased. It can be said that the new third board follows the main board. After the small and medium-sized board and the growth enterprise market, they gradually become an important part of the capital market of our country, and have been popularized in the whole country. Small financing needs. More importantly, the new third board market does not make rigid demands on the financial indicators of all listed enterprises, but pays attention to the financial growth of enterprises and the innovative ability of enterprises. Therefore, the research on the financial growth of listed enterprises, In the course of the research, based on the growth theory at home and abroad, this paper has formed a general understanding of the financial growth of enterprises. On the basis of this theory, the paper first introduces the current situation of the new third board market and the situation of the new third board market. This paper makes statistics and analysis from the reasons of transferring board and the difficulty of transferring board, then uses factor analysis method, taking the financial data of 50 listed enterprises as the sample to carry on the empirical research, and constructs the index system to evaluate the financial growth of the enterprise. Finally, the ranking of the sample companies is analyzed from the angle of industry, market maker and ability, in order to identify the financial growth of the whole industry. On the one hand, it provides suggestions for enterprises to improve their own growth; on the other hand, it is conducive to more targeted government regulatory measures; especially, it can also provide assistance and support for investors' decision-making.
【學(xué)位授予單位】：青島科技大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F832.51;F275

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