摘要
以第二产业的11个行业中的411家上市公司为有效样本,以净利润增长率、收入增长率、现金实力、资产增长率、偿债能力等五项指标综合反映上市公司的成长性,通过对主成分分析来计算得到企业的成长性得分,运用距离判别法,根据各公司的成长性得分有效地将上市公司划分为成长性和非成长性两类。
This study takes the 411 companies of 11 industries as effective sample. The paper use the indexes of retained profits increasing ratio, incoming ratio, strength of cash, asset increasing ratio etc to reflect the companies＇ growth. We use Main Element Analysis to compute the mark of growth, and use the method of Distance Discriminance to make the demarcation comes true. The first characteristic in the thesis is giving effective method of determinant the growth of company when there is no unified standard in the field. So the paper solved the issue for dividing the style of the company according to the growth. The second is that we solve the problem in which the firm＇ s operating history, capital, risk are not considered in the current study through u- sing cash strength index and debt repayment ability. Thirdly, the capability of the sample is so big that pledge the precision of the whole work. Fourth, through the data replacement, we solved the problem when the index is negative growing.
出处
《财经问题研究》
CSSCI
北大核心
2008年第6期71-77,共7页
Research On Financial and Economic Issues
基金
国家自然科学基金资助项目(70471055)
高等学校博士学科点专项科研基金资助项目(20040141026)
关键词
上市公司
公司成长性
成长性判定
距离判别法
实证研究
Growth of Listed company, Growth Determined, Distance Discriminance, Empirical Study
