制造业上市公司股权结构与盈利能力毕业论文.docVIP

毕业论文 （20_ _届） 制造业上市公司股权结构与盈利能力 摘 要 本文以后股权分置时代为背景，在200至200年间内A股上市公司中，选取制造企业0家上市公司作为研究样本。从股权集中度的角度出发，在了解了上市公司股权分置改革的基础上，探讨了制造行业上市公司股权结构变化对公司盈利能力的影响。第一大股东持股比例、前十大股东持股比例指标，首先进行描述性统计分析，然后利用回归分析的方法构建了股权结构与盈利能力的线性回归方程。通过分析得出以下结论：（1）前大股东与显著。（2）关键词：Abstract At the background of the post non-tradable share reform era, this paper selects 50 manufacturing listed companies as samples from the A-share listed companies in Zhejiang Province in 2005 to 2009.From the perspective of ownership concentration, on the basis of understanding the share reform of listed companies, this paper discusses how the equity structure of manufacturing listed companies in Zhejiang Province influence the company profitability. The main indicators of ownership structure are the proportion of the largest shareholder, the proportion of top ten shareholders and the percentage of outstanding shares and other indicators, and profitability indicators are return on equity, earnings per share, main business profit margin and rate of EVA return. First, this study makes descriptive statistical analysis, followed by is the correlation analysis, and then constructs the linear regression equation the ownership structure and profitability with regression analysis method. After analysis, the paper gets the following conclusions:(1)The proportion of top ten shareholders and profitability are significantly positively correlated.(2)The proportion of tradable shares and corporate profitability were positively correlated. Keywords: The listed company; Manufacturing; Equity structure; Profitability 目 录 引 言 1 1 相关概念界定与理论分析 4 1.1 股权结构 4 1.2 盈利能力 5 2 制造业上市公司股权结构与盈利能力现状 6 2.1 浙江省制造业基本情况 6 2.2 制造业上市公司股权结构的现状 6 2.3 制造业上市公司盈利能力的现状 8 3 研究设计与假设 10 3.1 变量的定义与选择 10 3.1.1 被解释变量 10 3.1.2 解释变量 11 3.1.3 控制变量 11 3.2 样本选取与数据来源 12 3.3 研究假设 13 3.4 模型的构建 13 4 实证分析 15 4.1 描述性统计分析 15 4.2 相关性分析 18 4.3 多元回归分析 20 4.3.1 净资产收益率（ROE）的回归分析 21 4.3.2 每股收益（EPS）的回归分析 23 4.3.3 主营业务利润率（OPE）的回归分析 24 4.3.4 经济增加值回报率（EVAS）的回归分析 25 结 论 27 参考文献 28 附录1 样本公司股票