山东省工业制造企业资本回报率测算与利润来源分析-会计学专业论文.docxVIP

万方数据 万方数据 The Capital Return Ratio Calculation and Profits Analysis of Industrial Manufacturing Enterprises in Shandong Province Abstract Studying the capital return ratio of China is a hot topic. However, most of the results are based on the whole nation and not on one organization or one area. Shandong province is an important economic province of China. With the development of the economy, the GDP of Shandong province has remained ahead of all the provinces. Manufacturing industry has dominated the industry of Shandong province. So, it is very important to analysis the capital return ratio and profits of industrial manufacturing enterprises in Shandong province. This article selects 40 sample listed companies data of industrial manufacturing enterprises in Shandong province from 2007 to 2012. The research treats the ROE and ROA as the core indicators, selects the multi-angle research variables and analyzes 240 sample panel data. The empirical results show that assets-liability ratio and capital return ratio are in negative correlation, employee compensation, machine growth ratio, the number of technical staff and capital return ratio are in positive correlation respectively, ownership concentration and capital return ratio are in U-shaped correlation. So the profits sources of industrial manufacturing enterprises in Shandong province come from the relatively low assets-liability ratio, the investment of human capital, technology capital and fixed assets, reasonable ownership structure. The article is divided into six parts. The first part is the introduction of the background and the significance of the issue. The second part is the literature review and theoretical basis. It reviews the results about the capital return ratio and Du Pont Analysis System, summarizes the cost-benefit theory and value creation theory. The third part talks about the research method and research design. It includes the selection of sample data, design of variate, research hypothesis a