毕业论文：创业板上市公司投资风险调查分析—以计算机应用服务业为例.docVIP

PAGE 精品 摘 要 本文以计算机应用服务业为例，调查分析了创业板上市公司的投资风险及特征，并对比深市、沪市，从财务角度分析了创业板上市公司的投资风险，同时以透过香港创业板，对比分析国内创业板市场的投资风险。本文的主要结论是：从财务角度讲，获得的收益和面对的风险是对等的，风险程度越大，风险收益率越高。可是，经济学的一般规律同样也告诉我们，如果资本市场是有效的，就不会有任何一个人会得到任何一点的超额收益，即收益和它特定的相对的风险总是并存的，任何所谓经济人都不该妄想会从资本市场中得到超额收益，很高收益而不伴随着风险或只有很小风险存在的几率微乎其微，甚至为零。同时警戒广大投资者，尤其是中小投资者在利益面前要冷静分析思考，谨慎选择投资对象。 关键词：创业板市场；投资风险；计算机应用服务业 ABSTRACT This paper use the Computer Application Services as example to investigate the GEMs investment risk and characteristics, and compared Shenzhen stock market and Shanghai stock market from a financial point of a GEM listed companys investment risk, and also compared the investment of GEM’s market of Hong Kong and main land. The main conclusions of this paper is that the benefits and the risk of reciprocity is matched from a financial perspective, the greater the risk, the risk of higher rates of return. However, the general laws of economics also tells us that if capital markets are efficient there will be no one who can get excess return, that the relative benefits and risks of its particular always coexist. Any so-called Economic Man does not have the wishful thinking from the capital markets. The high income but with very small risk is unusual even no way. Therefore, the investors and particularly small and medium investors who must be calm and careful select when you face the interests. Key words: GEM; investment risk; Computer Application Services 目 录 TOC \o 1-3 \u 摘 要 h I ABSTRACT h II 1 创业板概述 h 1 1.1 创业板市场发展史 h 1 1.1.1 国际创业板历史回顾 h 1 1.1.2 国内创业板历史回顾 h 1 1.2 创业板市场发展前景 h 2 1.3 创业板市场的特点及与主板市场的区别 h 2 1.3.1 创业板市场的特点 h 2 1.3.2创业板市场与主板市场的区别 h 3 1.4 创业板市场投资风险分析的意义 h 3 2 创业板市场投资风险调查分析样本的选取 h 3 2.1 选取的调查分析样本 h 3 2.2 样本的选取原则 h 5 2.2.1 选取计算机应用服务业的原因 h 5 2.2.2 创业板、深市、沪市三处抽取样本的原因 h 5 3 对比主板市场探析我国创业板市场投资风险程度 h 5 3.1 短期偿债能力分析 h 6 3.1.1流动比率，速动比率，现金比率 h 6 3.1.2现金到期债务比 h 9 3.1.3存货周转速度率，应收账款周转率 h 9 3.2 长期偿债能力分析 h 10 3.2.1利息保障倍数 h 10 3.2.2资产负债率，有形净值债务率，产权比率 h 10 3.2.2现金流动负债比，现金债务总额比 h 13 3.3