上市公司偿债能力分析毕业论文.docVIP

上市公司偿债能力分析毕业论文 毕业论文 (2010届) 上市公司偿债能力分析 摘 要 随着社会主义市场经济的逐步建立与发展,负债经营已为企业普遍采用。负债经营不仅可以解决企业资金短缺问题,还可以产生财务杠杆效应,为企业的所有者带来更多的效益。但是,负债经营也存在着风险。因此,企业在最大限度地充分利用外部资金的同时,还要重视对偿债能力的分析。 本文在参照国内外已有研究结论的基础上,从偿债能力的各种指标入手,以我国沪市电子行业上市公司为研究对象,通过主成分分析法,对上市公司偿债能力进行了研究,并测定了电子行业偿债能力指标的标准值,从而为制造业上市公司在充分利用外部资金的同时有个明确的度量,为增强制造业上市公司的竞争力提供一定的探索性建议,为政府监管部门提供政策性意见以及为相关理论研究做出贡献。 关键词:上市公司;偿债能力;主成分分析 Abstract With the gradual establishment of a socialist market economy and development, debt management has been widely used for the enterprise. Debt management companies can not only solve the shortage of funds, but also have the financial leverage effect, the owner of the enterprise to bring more benefits. However, there are also risks of debt management. Therefore, enterprises imize the full use of external funds at the same time, we should pay attention to the solvency analysis This article has been in the light of conclusions of the study abroad on the basis of, starting from the various indicators of solvency, to listed companies in China; manufacturing industry as the research object, by principal component analysis, the solvency of listed companies were studied and measured indicators of solvency standards in manufacturing value. So as to take full advantage of listed manufacturing companies in external funding at the same time there is a clear measure of listed companies to enhance the competitiveness of the manufacturing sector to provide some exploratory recommendations for government regulators to provide policy advice and make the related theoretical research contribution. Keywords: Listed Companies; Solvency; Principal Component Analysis 目 录 1 偿债能力概述 1 1.1 偿债能力的概念 1 1.1.1 短期偿债能力概念 1 1.1.2 长期偿债能力概念 2 1.2 偿债能力指标体系 2 1.2.1 短期偿债能力各指标含义 2 1.2.2 长期偿债能力各指标含义 3 2 偿债能力分析的影响因素 5 2.1 营运能力对偿债能力的影响 5 2.2 盈利能力对偿债能力的影响 5 2.3 现金获取能力对偿债能力的影响 5 2.4 影响偿债能力评价的其他因素 6 3 沪市电子行业上市公司偿债能力实证分析 7 3.1 电子行业发展现状 7 3.2研究样本的选取 7 3.3 主成分分析过程 9 3.3.1 偿债能力指标描述性统计 10 3.3.2 偿债能力指标相关