本文選題：創(chuàng)業(yè)板　切入點：上市公司　出處：《北方工業(yè)大學(xué)》2014年碩士論文

【摘要】：中小企業(yè)是我國國民經(jīng)濟的重要組成部分,具有數(shù)量多、規(guī)模小、行業(yè)分布廣等特點,但在其自身發(fā)展中長期面臨著融資難等問題,在很大程度上制約了中小企業(yè)的發(fā)展。我國2009年開設(shè)了創(chuàng)業(yè)板市場,拓寬了中小企業(yè)的融資渠道,可以在一定程度上解決部分中小企業(yè)解決融資難的問題。參與創(chuàng)業(yè)板市場交易的大多是中小型高新技術(shù)企業(yè)以及新興領(lǐng)域的企業(yè),這些企業(yè)一般都具有高風(fēng)險、高收益、高成長性等特點,其成長能力如何,對中小企業(yè)的可持續(xù)發(fā)展具有直接的影響,因而創(chuàng)業(yè)板上市公司成長能力分析與評價已成為理論界和廣大投資者所關(guān)注的焦點。 但目前對上市公司問題的研究大多是基于主板市場的研究,針對創(chuàng)業(yè)板上市公司成長能力問題的系統(tǒng)研究相對較少,評價指標(biāo)不盡統(tǒng)一,尚未構(gòu)成完整的分析與評價體系；一些學(xué)者所構(gòu)建的評價體系與上市公司的戰(zhàn)略目標(biāo)相脫節(jié),公司的戰(zhàn)略目標(biāo)不能轉(zhuǎn)化為可理解、便于操作的具體指標(biāo),對創(chuàng)業(yè)板上市公司的創(chuàng)新能力和未來成長能力預(yù)測的關(guān)注度也不足,在相當(dāng)程度上降低了會計信息的有用性和預(yù)測價值。因此,如何科學(xué)地評估創(chuàng)業(yè)板上市公司的成長能力已成為當(dāng)前亟需研究解決的一個重要問題。基于此,本文以相關(guān)理論為指導(dǎo),以我國創(chuàng)業(yè)板上市公司為樣本,對創(chuàng)業(yè)板上市公司的成長能力問題進行專題研究,以期為進一步完善我國企業(yè)績效評價理論與方法體系提供一些參考。 本文在系統(tǒng)梳理國內(nèi)外有關(guān)公司成長能力現(xiàn)有研究成果的基礎(chǔ)上,以規(guī)模經(jīng)濟理論、成長經(jīng)濟理論為理論基礎(chǔ),從創(chuàng)業(yè)板上市公司的市場表現(xiàn)、行業(yè)分布與地域分布等方面,對我國創(chuàng)業(yè)板市場的現(xiàn)狀進行了較全面的分析。在此基礎(chǔ)上,通過對成長能力影響因素的分析,確立了16個相關(guān)指標(biāo),構(gòu)建了中小企業(yè)成長能力評價指標(biāo)體系,并以因子分析為評價模型,選取101家創(chuàng)業(yè)板上市公司2010-2012年的數(shù)據(jù)為樣本進行實證分析,分別得出了影響成長能力各主要因素的單因子排名和依據(jù)模型綜合得分的綜合排名,據(jù)此有針對性地提出了相關(guān)的對策建議。
[Abstract]:Small and medium-sized enterprises (SMEs) are an important part of the national economy of our country. They are characterized by large quantity, small scale and wide distribution of industries, but they are faced with the problems of financing for a long period of time in their own development. To a large extent, the development of small and medium-sized enterprises has been restricted. In 2009, China opened the gem market and widened the financing channels for small and medium-sized enterprises. To some extent, some small and medium-sized enterprises can solve the problem of financing difficulties. Most of the participants in the gem market transactions are small and medium-sized high-tech enterprises and enterprises in emerging fields. These enterprises generally have high risks and high returns. The characteristics of high growth and its growth ability have a direct impact on the sustainable development of small and medium-sized enterprises. Therefore, the analysis and evaluation of the growth ability of listed companies on the gem has become the focus of attention of the theoretical circle and the majority of investors. But at present, most of the research on listed companies is based on the research of the main board market. The systematic research on the growth ability of gem listed companies is relatively few, the evaluation index is not uniform, and has not yet constituted a complete analysis and evaluation system. The evaluation system constructed by some scholars is out of step with the strategic objectives of the listed companies. The strategic objectives of the companies cannot be transformed into concrete indicators that are understandable and easy to operate. The focus on the prediction of innovation ability and future growth ability of gem listed companies is also insufficient, which reduces the usefulness and predictive value of accounting information to a considerable extent. How to scientifically evaluate the growth ability of gem listed companies has become an important problem that needs to be studied and solved. Based on this, this paper takes the gem listed companies as a sample under the guidance of relevant theories. This paper makes a special study on the growth ability of the listed companies in the gem in order to provide some references for the further improvement of the theory and method system of enterprise performance evaluation in China. On the basis of systematically combing the existing research results on the growth ability of companies at home and abroad, based on the theory of scale economy and growth economy, this paper analyzes the market performance, industry distribution and regional distribution of gem listed companies. This paper makes a comprehensive analysis of the current situation of the gem market in China. On this basis, through the analysis of the factors affecting the growth ability, 16 related indicators are established, and the evaluation index system of the growth ability of small and medium-sized enterprises is constructed. Taking factor analysis as the evaluation model, 101 gem listed companies are selected as the sample for empirical analysis, and the single factor ranking and the comprehensive ranking based on the comprehensive score of the model are obtained, respectively, which affect the main factors of growth ability. Accordingly, the relevant countermeasures and suggestions are put forward.
【學(xué)位授予單位】：北方工業(yè)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F832.51;F272

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本文編號：1681796