發(fā)布時間：2018-06-12 02:35

  本文選題：資產(chǎn)結構 + 收益穩(wěn)定性　； 參考：《哈爾濱工業(yè)大學》2014年碩士論文

【摘要】：資產(chǎn)結構和資本結構對企業(yè)都很重要。通過文獻調研，發(fā)現(xiàn)被國內外學者關注的研究中以資本結構對公司收益影響的文章居多，但是國內外的學者卻沒有研究資產(chǎn)結構對收益穩(wěn)定性的影響。本文發(fā)現(xiàn)了這個研究漏洞，并意識到資產(chǎn)對于上市公司的重要性。資產(chǎn)結構對于公司的資金流動可以起到監(jiān)管與調控的作用，影響著企業(yè)的收益穩(wěn)定性，合理配置資源成為企業(yè)首要考慮的重要問題。適合企業(yè)發(fā)展的資產(chǎn)結構，不但能夠順利開展生產(chǎn)運營，而且能夠為企業(yè)合理安排自有資金提供便利，還可以有效的規(guī)避資金利用不充分的風險，增強企業(yè)的收益穩(wěn)定程度。因此，合理優(yōu)化資產(chǎn)結構至關重要，企業(yè)想要提高其收益穩(wěn)定性，對資產(chǎn)結構的研究和探討非常必要。 房地產(chǎn)行業(yè)作為資本密集型行業(yè)，資金從哪里來以及資金運用到哪里去是房地產(chǎn)企業(yè)想要健康合理的發(fā)展首要考慮問題。地產(chǎn)行業(yè)在我國的發(fā)展尚待成熟，面對宏觀調控政策，房地產(chǎn)行業(yè)的收益穩(wěn)定性顯得越來越重要。進行收益穩(wěn)定性分析，除了關注本期的收益，還應對連續(xù)幾年的收益進行動態(tài)分析。可通過結構百分比法，評價一段時期內企業(yè)的收益穩(wěn)定程度。資產(chǎn)結構，是指各種資產(chǎn)占企業(yè)總資產(chǎn)的比重，體現(xiàn)在資產(chǎn)負債表左側。本文根據(jù)所選行業(yè)特點，分別選取了流動資產(chǎn)以及流動資產(chǎn)的細化指標貨幣資金，應收及預付款項和存貨占總資產(chǎn)的比例作為解釋變量，同時采用文獻分析法得出企業(yè)收益的評價指標，作為被解釋變量的基礎，從而采用數(shù)學方法定義了作為收益穩(wěn)定性的被解釋變量。本文選取了2008-2012年滬、深兩市上市的房地產(chǎn)公司，，建立回歸分析模型，并且進行了中介效應分析，對房地產(chǎn)行業(yè)的資產(chǎn)結構與收益穩(wěn)定性之間的相關性進行驗證，最后，以實證研究結果為基礎，提出優(yōu)化資產(chǎn)結構的建議及優(yōu)化路徑。
[Abstract]:Asset structure and capital structure are very important to enterprises. Through literature research, it is found that most of the articles concerned by scholars at home and abroad focus on the influence of capital structure on corporate income, but scholars at home and abroad have not studied the influence of asset structure on income stability. This paper discovers this research loophole and realizes the importance of assets to listed companies. The asset structure can supervise and control the capital flow of the company and affect the income stability of the enterprise. The rational allocation of resources has become the most important issue for the enterprise to consider. The asset structure suitable for the development of enterprises can not only carry out production and operation smoothly, but also can provide convenience for enterprises to arrange their own funds reasonably, and can effectively avoid the risk of insufficient utilization of funds and enhance the degree of income stability of enterprises. Therefore, the rational optimization of asset structure is very important. In order to improve its income stability, it is necessary for enterprises to study and explore the asset structure. Real estate industry as a capital-intensive industry, Where the money comes from and where it is used is the top priority for real estate companies to develop healthily and reasonably. The development of real estate industry in our country is still mature. In the face of macro-control policy, the income stability of real estate industry becomes more and more important. In order to analyze the income stability, the dynamic analysis should be carried out for several consecutive years in addition to paying attention to the income in the current period. The structural percentage method can be used to evaluate the degree of income stability in a period of time. Asset structure refers to the proportion of various assets to the total assets of the enterprise, reflected on the left side of the balance sheet. According to the characteristics of the selected industries, this paper selects the current assets and the detailed index monetary funds of current assets, the proportion of receivables and prepayments and the proportion of inventory to total assets as explanatory variables. At the same time, the paper uses the literature analysis method to get the evaluation index of the enterprise income as the basis of the explained variable, and then uses the mathematical method to define the explained variable as the stability of the income. This paper selects real estate companies listed in Shanghai and Shenzhen stock markets from 2008 to 2012, establishes regression analysis model, and analyzes the intermediary effect to verify the correlation between asset structure and income stability of real estate industry. Based on the results of empirical research, this paper puts forward some suggestions and ways to optimize asset structure.
【學位授予單位】：哈爾濱工業(yè)大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F299.233.42

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本文編號：2007892