摘要
本文以2008年金融危机为研究背景,从财务角度分析金融危机对我国旅游上市公司的影响。选取2004年之前上市的17家旅游公司为样本,利用财务趋势分析法,分析了2004～2010年旅游上市公司净资产收益率(ROE)走势变化。研究结果表明:旅游上市公司的业绩受2008年金融危机影响显著,但与全球总体经济2009年跌入低谷的现象不同,旅游上市公司的业绩在2008年跌入低谷,随即在2009年便出现了回升,即早于全球经济出现下滑和反弹。这一现象的出现与旅游业自身高敏感性、易恢复性特点有关,也与中国旅游业的政策市场特点相关。
This paper focuses on analyzing the financial performance of Tourism Listed Companies in the 2008 financial crisis. 17 Chinese Tourism Listed Companies are sampled here to study the Rate of Return on Common Stockholders＇Equity （ ROE ） during 2004 to 2010 according to their annual financial reports. The result shows that 2008 financial crisis had a significant effect on the performance of Tourism Listed Companies. The ROE of the Tourism Listed Companies decreased significantly in 2008. However, in 2009 there was a rebound contradicted with the overall world economy recession. Such a performance was highly relevant to the sensitivity and elasticity of the tourism industry on one hand, and to policies-oriented characteristics of Chinese tourism practice on the other hand.
出处
《北京第二外国语学院学报》
2013年第1期62-69,17,共9页
Journal of Beijing International Studies University
关键词
金融危机
旅游上市公司
净资产收益率
the financial crisis
tourism listed companies
Rate of Return on Common Stockholders＇Equity （ ROE ）
