摘要
近年来,我国运输体系日趋完善,研究空港和海港企业的财务能力不仅能支持政府优化交通基础设施资源配置,而且支持机构投资者争取投资收益最优化.首先筛选出9个指标构成企业财务能力指标体系,其次将熵值法和因子分析法相结合构建了综合评价模型,最后按照业务规模优先的原则选取国内A股上市的四个空港企业(上海、广州、深圳和厦门)和十个海港企业(宁波、上海、唐山、珠海、招商、南京、连云、北部湾、锦州、盐田),并收集了2015-2019年的数据进行测算.研究表明:从2015年到2019年,与自身相比,空港企业财务能力总体上不断提升,海港企业财务能力总体不断下降;从2016年开始空港企业超过海港企业,并且优势不断扩大,其偿债能力一直优于海港企业.
In recent years,my country’s transportation system has become more and more perfect.Research on the financial capabilities of airports and seaport companies can not only support the government to optimize the transportation infrastructure resource allocation,but also support institutional investors to strive for the optimization of investment income.First of all,nine indicators are selected to form an enterprise financial capability index system.Second,an entropy value method and factor analysis method are combined to build a comprehensive evaluation model.Finally,According to the principle of business scale priority,four airport companies(Shanghai,Guangzhou,Shenzhen and Xiamen) and ten seaport companies(Ningbo,Shanghai,Tangshan,Zhuhai,Merchants,Nanjing,Lianyun,Beibu Gulf,Jinzhou,Yantian) listed on domestic A-shares were selected and data from2015 to 2019 were collected for calculation.The research shows that:from 2015 By 2019,compared with itself,the financial capabilities of airport companies have generally improved,and the financial capabilities of seaport companies have continued to decline.Since 2016,airport companies have surpassed seaport companies,and their advantages have continued to expand.Their solvency has always been superior to seaport companies.
作者
李晓津
史晨钰
宋蕾
LI Xiao-jin;SHI Chen-yu;SONG Lei(College of Economics and Management,CAUC,Tianjin 300300,China)
出处
《数学的实践与认识》
2021年第15期285-293,共9页
Mathematics in Practice and Theory
基金
国家自然科学基金(7187040113)
中央高校基本科研业务费专项基金(3122018C041)。
关键词
空港
海港
财务能力
因子分析
熵值法
airport
seaport
financial capability
factor analysis
entropy method
