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河北省上市公司财务绩效影响因素实证研究_MBA毕业论文DOC

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摘要
国务院总理李克强在 2014 年 3 月 5 日作政府工作报告时指出,加强环渤海及京
津冀地区经济协作。随着京津冀协同发展上升为国家战略,河北省产业发展和产业结
构调整迎来战略发展机遇,河北省上市公司也将率先受益,公司的业绩和发展备受关
注。近几年我国的上市公司数量日趋增多,而且对国内的经济市场以及国际市场产生
了较为重要的影响。但截至今日,河北省上市公司的数量仍不足全国上市公司总数的
2%,A 股市值也达不到全国 A 股总市值的 2%。由此看来,河北省上市公司无论在数
量上还是规模上都不大,相比于北京和天津有一定差距

促进京津冀协同发展,河北省上市公司既需要国家政策的扶持,也需要企业自身
的努力,只有不断提高公司的财务绩效,公司才能更好的发展。其中,上市公司的财
务绩效管理工作好坏,对公司的整体发展有很大的影响作用。那么,只有探索上市公
司财务绩效影响因素,才能真正的提高公司的财务绩效

根据已有的研究结果,发现公司治理结构的差异能够对上市公司的财务绩效产生
不同影响。而公司治理的各方面到底对上市公司的财务绩效如何影响,并没有定论

因此,基于公司治理视角,研究上市公司的财务绩效影响因素非常有必要。根据调查
结果显示:河北省上市公司最近几年的财务绩效情况有待提高,而公司治理结构的不
合理就是原因之一。因此,完善公司治理结构是提高上市公司财务绩效的一个重要途

本文在研究财务绩效与公司治理的概念及基本理论、分析河北省上市公司发展状
况的基础上,构建了河北省上市公司财务绩效评价指标体系,从河北省上市公司公司
治理方面的股权结构、董事会特征、监事会特征和管理层激励等方面构建了财务绩效
影响因素指标体系,并以 2011-2015 年河北省深交所和上交所的 A 股上市公司数据为
样本,应用因子分析和回归分析,研究河北省上市公司财务绩效的影响因素,并根据
研究结果对河北省上市公司的公司治理方面提出建设性意见,以期提高河北省上市公
司财务绩效,促进河北省经济发展

关键字:河北省上市公司 财务绩效 影响因素 公司治理III
ABSTRACT
In March 5, 2014 Government Work Report, Premier Li Keqiang pointed out that
strengthening the economic cooperation between Bohai and Beijing, Tianjin and Hebei
region. With the Beijing Tianjin Hebei collaborative development raising to a national
strategy, Hebei Province Industrial Development and industrial structure adjustment in the
strategic will face new opportunities, The listed companies in Hebei province also benefit
from it.The performance and development of the company are greatly concerned. In recent
years, the number of Listed Companies in China is increasing, and it has a more important
impact on the domestic economic market and the international market. But by now, the
number of Listed Companies in Hebei is still less than 2% of the total number of Listed
Companies in the country. A stock market value is also less than 2% of the national total
market capitalization of A shares. Seen in this light, the number of Listed Companies in
Hebei is not large in terms of quantity or scale. There is a certain gap between them and the
List Companies in Beijing and Tianjin.
To promote the coordinated development of Beijing and Tianjin, Hebei listed
companies need both national policy support, but also their own efforts, to continuously
improve the company&39;s financial performance, after which the company can better
development. Among them, the financial performance management of listed companies has a
great impact on its general development. So, only to explore the financial performance of
listed companies, can the financial performance of the company be improved.
According to the existing research results, we find that the differences of corporate
governance structure can have different effects on the financial performance of listed
companies. There is no conclusion how all aspects of corporate governance affect the
financial performance of listed companies. Therefore, based on the perspective of corporate
governance, it is necessary to study the influencing factors of financial performance of listed
companies. According to the survey results, the financial performance of Listed Companies
in Hebei province need to be improved in recent years. Therefore, improving the corporate
governance structure is an important way to improve the financial performance of listed
companies.
Based on the study of financial performance and corporate governance concept andIV
basic theory and the analysis of development status of listed companies in Hebei province,
this paper establishes the evaluation index system oflisted companies in Hebei province,
constructs financial performance influencing factor index system based on ownership
structure, the characteristics of the board of directors, the characteristics of the board of
supervisors, the management incentive of corporate governance of listed companies in Hebei
province. With the data of Shenzhen and Shanghai A sharelisted companies in Hebei as the
sample, factor analysis, molecular analysis and regression analysis, studiesthe influencing
factors offinancial performance of listed companies in Hebei provinceand proposes
constructive suggestions for the corporate governance of Hebei listed companies according
to the research results, so as to improve the financial performance oflisted companies in
Hebei province and promote the economic development of Hebei Province.
KEYWORDS: Listed companies in Hebei province Financial performance
Factors affecting Corporate governanceV
目 录
摘要
.....I
ABSTRACT.........III
第一章 绪论
.......1
1.1 研究背景及研究意义..........1
1.1.1 研究背景.........1
1.1.2 研究意义.........1
1.2 文献综述........2
1.2.1 股权结构与财务绩效..........2
1.2.2 董事会情况与财务绩效.....2
1.2.3 管理层激励与财务绩效.....3
1.2.4 公司规模与财务绩效..........3
1.2.5 文献综述评述3
1.3 本文的研究内容与研究方法........4
1.3.1 研究内容
......4
1.3.2 研究方法
......4
1.4 论文的主要贡献与不足
....5
1.4.1 主要贡献
......5
1.4.2 论文的不足
..5
第二章 相关概念与理论基础
...........7
2.1 相关概念
..
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