本文關(guān)鍵詞：我國(guó)房地產(chǎn)上市公司盈利能力實(shí)證分析　出處：《重慶大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 盈利能力 特征指標(biāo) 主成分分析 回歸模型

【摘要】：20年來(lái)，房地產(chǎn)業(yè)蓬勃發(fā)展，已經(jīng)成為我國(guó)國(guó)民經(jīng)濟(jì)的支柱產(chǎn)業(yè)之一，在經(jīng)濟(jì)建設(shè)中扮演著越來(lái)越重要的作用。然而，2008年全球性金融危機(jī)以及政府一系列宏觀調(diào)控政策使得我國(guó)房地產(chǎn)市場(chǎng)發(fā)生了深刻變化，中國(guó)房地產(chǎn)市場(chǎng)進(jìn)入深度調(diào)整期。當(dāng)前中國(guó)的房地產(chǎn)企業(yè)，普遍存在著企業(yè)規(guī)模小、管理水平低、資產(chǎn)負(fù)債率高、資信不高、市場(chǎng)競(jìng)爭(zhēng)力有限、項(xiàng)目運(yùn)作能力差、整體盈利水平低等問(wèn)題，，所有這些增加了經(jīng)營(yíng)風(fēng)險(xiǎn)，企業(yè)的生存和發(fā)展面臨巨大壓力。在此背景下，房地產(chǎn)企業(yè)要想在不斷變化的市場(chǎng)上獲得生存和發(fā)展的空間，必須積極探索新的盈利模式和發(fā)展思路，增強(qiáng)自己的盈利能力，因此研究房地產(chǎn)上市公司盈利能力極其影響因素，對(duì)于規(guī)范房地產(chǎn)市場(chǎng)合理健康、持續(xù)發(fā)展有一定現(xiàn)實(shí)意義和指導(dǎo)意義。 本文選取凈資產(chǎn)收益率、銷售凈利率、銷售毛利率、凈利潤(rùn)、每股收益、營(yíng)業(yè)收入、每股主營(yíng)業(yè)務(wù)收入、每股凈資產(chǎn)、每股凈現(xiàn)金流量、凈利潤(rùn)增長(zhǎng)率10個(gè)盈利能力的特征指標(biāo)，采集我國(guó)116家房地產(chǎn)上市公司2009至2013年五年的截面數(shù)據(jù)作為樣本數(shù)據(jù)，運(yùn)用主成分分析法，得出各房地產(chǎn)公司綜合得分和排名情況，并以各公司綜合得分作為其盈利能力綜合指標(biāo)，建立回歸模型，測(cè)定盈利能力及其影響因素之間的相關(guān)關(guān)系，得出房地產(chǎn)上市公司發(fā)展相應(yīng)的建議和對(duì)策，實(shí)現(xiàn)房地產(chǎn)上市公司盈利能力的提高和行業(yè)的均衡發(fā)展。
[Abstract]:In 20 years, the real estate industry vigorous development, has become one of the pillar industries of our national economy, plays an increasingly important role in economic development. However, in 2008 the global financial crisis and the government macro-control policy makes China's real estate market has undergone profound changes, Chinese real estate market into a deep adjustment the current China period. Real estate enterprises generally exist in small scale enterprises, the management level is low, the high rate of assets and liabilities, credit is not high, the market competitiveness is limited, project operation ability, low overall level of profitability, all of which increase the operation risk, the survival and development of enterprises are facing tremendous pressure. Under this background and the real estate enterprises want to survive and develop in the changing market, we must actively explore the profit model and new development ideas, enhance their profitability, therefore Study on profitability of listed real estate companies and related influencing factors, to regulate the real estate market healthy, sustainable development has certain practical significance and guiding significance.
This paper selects the rate of return on net assets, net sales, gross margin, net profit, earnings per share, operating income per share, the main business income, net assets per share, net cash flow per share, net profit growth rate index 10 profitability of the acquisition of 116 Chinese real estate listed companies from 2009 to 2013 five the cross section data as the sample data, using principal component analysis, the Real Estate Company comprehensive score and ranking, and the comprehensive score of each company as a comprehensive index of its profitability, establish regression model, determination of profitability relationship between force and its influence factors, the corresponding suggestions and Countermeasures of development that listed real estate companies. To achieve a balanced development of the real estate listed company profitability and enhance the industry.

【學(xué)位授予單位】：重慶大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F299.233.42;F224

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