本文關(guān)鍵詞：東西部上市公司財務(wù)績效的比較研究　出處：《陜西科技大學》2014年碩士論文　論文類型：學位論文

  更多相關(guān)文章： 東西部上市公司 財務(wù)績效 比較研究 因子分析法

【摘要】：隨著社會經(jīng)濟的發(fā)展，企業(yè)逐步成為現(xiàn)代區(qū)域經(jīng)濟發(fā)展的原動力和加速器，成為經(jīng)濟發(fā)展中最具活力的代表，而作為優(yōu)秀企業(yè)代表的上市公司的發(fā)展對于區(qū)域經(jīng)濟發(fā)展以及經(jīng)濟結(jié)構(gòu)優(yōu)化必然發(fā)揮重要作用，上市公司的發(fā)展，在某種程度上決定著區(qū)域經(jīng)濟增長潛能的大小和核心競爭力的強弱。西部大開發(fā)十三年來，西部地區(qū)資本市場成績斐然，逐漸形成了具有特色的經(jīng)濟發(fā)展子區(qū)域。但是，東西部地區(qū)上市公司在發(fā)展上的差異依然明顯。我國西部經(jīng)濟發(fā)展之所以滯后，關(guān)鍵因素之一在于西部企業(yè)的整體發(fā)展水平和層次較低，而東部的快速發(fā)展在很大程度上是由于有大量的成功發(fā)展企業(yè)的支撐。 我國是一個多民族聚集國家，自然條件極其復雜，各地區(qū)的發(fā)展也很不平衡。然而，各區(qū)域經(jīng)濟的協(xié)調(diào)發(fā)展已成為中國經(jīng)濟及社會發(fā)展中的重大戰(zhàn)略問題，需要在政治、經(jīng)濟、社會等各方面統(tǒng)籌發(fā)展。改革開放初期，在鄧小平同志“兩步走”方針下，我國實行梯度發(fā)展戰(zhàn)略，，即優(yōu)先發(fā)展東部沿海地區(qū)，后發(fā)展內(nèi)陸地區(qū)，再以東部地區(qū)帶動西部地區(qū)經(jīng)濟發(fā)展，最終實現(xiàn)經(jīng)濟共同繁榮。東部沿海地區(qū)借此優(yōu)勢展現(xiàn)了強大的經(jīng)濟發(fā)展勢頭并迅速騰飛，形成了“東強西弱，東快西穩(wěn)”的區(qū)域經(jīng)濟格局。然而，改革的逐步深入也使區(qū)域經(jīng)濟發(fā)展之間的差距日益擴大，并嚴重影響到中國經(jīng)濟的整體發(fā)展格局。在全面貫徹落實黨中央、國務(wù)院關(guān)于實施新一輪西部大開發(fā)的戰(zhàn)略部署，促進區(qū)域協(xié)調(diào)發(fā)展的背景下，如何對東西部地區(qū)上市公司的經(jīng)營績效進行科學、準確的評價，并且從差異的研究與分析中深化對存在問題的探討，這無論對上市公司的營運發(fā)展和國家經(jīng)濟政策的制定，還是對西部地區(qū)經(jīng)濟的發(fā)展來說，都能提供重要的理論依據(jù)和參考價值。 本文從財務(wù)效益、償債風險、資產(chǎn)質(zhì)量及持續(xù)成長四個方面構(gòu)建了東西部上市公司財務(wù)績效評價指標體系，并在東西部地區(qū)各選取50家總市值排名靠前的上市公司作為研究樣本，采用因子分析法及主成分分析法對其2012年的經(jīng)營業(yè)績進行實證分析。分析結(jié)果表明，西部地區(qū)上市公司總體上不斷發(fā)展壯大，業(yè)績不斷變好，排名靠前的上市公司中西部地區(qū)表現(xiàn)不菲，但是，在西部地區(qū)內(nèi)部，上市公司的表現(xiàn)呈現(xiàn)兩極分化情況，排名靠后的工業(yè)類上市公司中西部地區(qū)占據(jù)多數(shù)；在能力因子比較分析結(jié)果方面，西部地區(qū)上市公司除了在償債能力方面和東部地區(qū)表現(xiàn)相當外，在盈利能力、成長能力和營運能力方面，西部地區(qū)上市公司都沒有東部地區(qū)上市公司表現(xiàn)好。最后，本文針對得出的相關(guān)結(jié)論提出促進我國西部地區(qū)上市公司發(fā)展的相關(guān)建議，并對今后的研究方向進行了展望。
[Abstract]:With the development of social economy, enterprises gradually become the driving force and accelerator of modern regional economic development, and become the most dynamic representative of economic development. The development of listed companies, which are the representatives of excellent enterprises, will play an important role in the development of regional economy and the optimization of economic structure, and the development of listed companies. To some extent, it determines the size of the regional economic growth potential and the strength of the core competitiveness. In the past 13 years of the development of the western region, the capital market of the western region has achieved remarkable results. Gradually formed a sub-region of economic development with characteristics. However, the differences in the development of listed companies in the eastern and western regions are still obvious. The reason why the economic development of western China lags behind. One of the key factors is that the overall development level and level of the western enterprises are low, while the rapid development of the east is largely due to the support of a large number of successful development enterprises. China is a multi-national gathering country, the natural conditions are extremely complex, the development of various regions is also very uneven. However, the coordinated development of regional economy has become a major strategic problem in China's economic and social development. In the early stage of reform and opening up, under the principle of "two steps" by Comrade Deng Xiaoping, China has implemented the strategy of gradient development, that is, giving priority to the development of the eastern coastal areas. After the development of inland areas, and then the eastern region to promote the economic development of the western region, and finally achieve economic prosperity. The eastern coastal areas show a strong momentum of economic development and rapid development by taking advantage of this advantage. It has formed the regional economic pattern of "the east strong and the west weak, the east fast and the west stable". However, with the deepening of the reform, the gap between the regional economic development is widening day by day. It has seriously affected the overall development pattern of China's economy. Under the background of comprehensively implementing the Party Central Committee and the State Council's strategic plan for the implementation of the new round of large-scale development of the western region, it will promote the coordinated development of the region. How to scientifically and accurately evaluate the performance of listed companies in the eastern and western regions, and deepen the discussion of the existing problems from the research and analysis of the differences. This can provide important theoretical basis and reference value for the operation and development of listed companies and the formulation of national economic policies as well as for the economic development of the western region. This paper constructs the evaluation index system of financial performance of listed companies in the east and west from four aspects: financial benefit, debt repayment risk, asset quality and sustainable growth. And in the eastern and western regions, each of the 50 general market value ranking listed companies as research samples. Factor analysis and principal component analysis are used to analyze the business performance in 2012. The results show that the listed companies in the western region are growing and improving in general. The top listed companies in the central and western regions of the performance is not poor, but in the western region, the performance of listed companies show polarization, the industrial listed companies in the bottom of the list in the central and western regions occupy the majority; In the comparative analysis of capacity factors, the listed companies in the western region in addition to the debt repayment ability and the performance of the eastern region, in terms of profitability, growth and operational capacity. The listed companies in the western region are not as good as the listed companies in the eastern region. Finally, this paper puts forward the relevant suggestions to promote the development of listed companies in the western region of China. The future research direction is prospected.
【學位授予單位】：陜西科技大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F832.51;F275

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