【摘要】：隨著全球性生態(tài)危機(jī)的加劇,各工業(yè)化國(guó)家都遇到了經(jīng)濟(jì)和社會(huì)發(fā)展的瓶頸,各國(guó)都面臨著新的挑戰(zhàn),為了進(jìn)一步促進(jìn)經(jīng)濟(jì)社會(huì)的發(fā)展,許多工業(yè)化國(guó)家都將環(huán)保產(chǎn)業(yè)作為了解決目前經(jīng)濟(jì)困境的新途徑和促進(jìn)經(jīng)濟(jì)發(fā)展的新動(dòng)力。我國(guó)也在“十二五”規(guī)劃中將環(huán)保產(chǎn)業(yè)列為七大戰(zhàn)略性新興產(chǎn)業(yè)之一,未來(lái)也將進(jìn)一步加大對(duì)環(huán)保產(chǎn)業(yè)的投資力度。針對(duì)環(huán)保產(chǎn)業(yè)的投資問(wèn)題的研究也成為了焦點(diǎn)。 本文就是以我國(guó)滬深股市中環(huán)保產(chǎn)業(yè)上市公司為研究對(duì)象,分析研究環(huán)保產(chǎn)業(yè)上市公司的投資價(jià)值問(wèn)題。首先通過(guò)分析總結(jié)以往的研究成果,從環(huán)保產(chǎn)業(yè)、環(huán)保產(chǎn)業(yè)投融資以及上市公司投資價(jià)值分析三個(gè)方面入手來(lái)進(jìn)行綜述。在總結(jié)前人研究的基礎(chǔ)上,分析了環(huán)保產(chǎn)業(yè)上市公司的基本面情況,可知目前我國(guó)環(huán)保產(chǎn)業(yè)上市公司的基本面情況相對(duì)看好。其次,運(yùn)用經(jīng)濟(jì)價(jià)值增加值(EVA)方法對(duì)選定的環(huán)保產(chǎn)業(yè)上市公司的經(jīng)濟(jì)價(jià)值附加值進(jìn)行了計(jì)算,并運(yùn)用實(shí)證分析檢驗(yàn)了環(huán)保產(chǎn)業(yè)上市公司的經(jīng)濟(jì)價(jià)值附加值對(duì)其股價(jià)的解釋程度,得出了顯著相關(guān)的結(jié)論。再次,以萬(wàn)華化學(xué)為例,對(duì)其上市公司股票價(jià)值進(jìn)行了估值,并與其現(xiàn)實(shí)股價(jià)相比較,判斷出其股價(jià)被低估,然后通過(guò)實(shí)踐檢驗(yàn),證實(shí)了上述判斷。最后,總結(jié)前文的分析結(jié)果,得出了本文的結(jié)論,認(rèn)為：環(huán)保產(chǎn)業(yè)上市公司是具有投資價(jià)值的。
[Abstract]:With the aggravation of the global ecological crisis, the industrialized countries have encountered the bottleneck of economic and social development, and all countries are facing new challenges, in order to further promote economic and social development, Many industrialized countries regard the environmental protection industry as a new way to solve the current economic difficulties and a new power to promote economic development. China also listed the environmental protection industry as one of the seven strategic emerging industries in the 12th Five-Year Plan, and will further increase its investment in the environmental protection industry in the future. The research on the investment of environmental protection industry has also become the focus. This paper takes the listed companies of environmental protection industry in Shanghai and Shenzhen stock market as the research object, and analyzes the investment value of the listed companies of environmental protection industry. First of all, through the analysis and summary of the previous research results, from the environmental protection industry, environmental protection industry investment and financing and listed companies investment value analysis to begin with three aspects to carry on the summary. On the basis of summing up the previous studies, this paper analyzes the fundamental situation of the listed companies in the environmental protection industry, and shows that the fundamental situation of the listed companies of the environmental protection industry in our country is relatively good at present. Secondly, the added value of economic value of selected listed companies in environmental protection industry is calculated by using the method of added value of economic value (EVA), and the degree of explanation of the added value of economic value to the stock price of listed companies in environmental protection industry is tested by empirical analysis. A significant correlation is drawn. Thirdly, taking Wanhua Chemical as an example, this paper evaluates the stock value of its listed company, and compares it with its real stock price, and judges that its stock price is undervalued, and then proves the above judgment through practical test. Finally, the conclusion of this paper is drawn by summing up the above analysis results, that is, the listed companies of environmental protection industry have investment value.
【學(xué)位授予單位】：西北大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：X324;F275;F832.51

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本文編號(hào)：2147008