我国上市公司盈利质量评价体系研究

发布时间：2018-01-05 00:26

本文关键词：我国上市公司盈利质量评价体系研究　出处：《西北大学》2007年硕士论文　论文类型：学位论文

【摘要】： 近年来在国内外证券市场上频频爆出上市公司财务造假丑闻，一些公司为了获取信贷资金、商业信用、公司上市、偷税漏税或出于其他政治目的等，纷纷粉饰会计报表，调节会计盈利。所有这些使得广大投资者在进行投资决策分析时多了更多的谨慎与质疑，对上市公司财务报告的关注不再仅仅停留在表面上的盈利数量，开始把更多的目光转向盈利质量的分析上。如何透过漂亮的报表，利用会计信息间的制约和勾稽关系，来鉴别上市公司的盈利质量，已经成为广大投资者做出正确决策，乃至整个资本市场健康发展迫切需要解决的问题。本文采用规范研究和实证分析相结合、定性研究和定量研究相结合的研究方法。首先，从盈利质量的基本内涵、与盈利能力的区别和联系以及盈利质量的影响因素推导出盈利质量的核心要素：盈利的真实性、持续性、获现性、成长性和盈利能力。其次，，对难以定量的盈利的真实性这一核心要素进行定性分析；对其它要素，即盈利的持续性、获现性、成长性及盈利能力，采用定量分析的方法，进行单项指标设计，进而构建上市公司盈利质量的综合评价指数。最后，结合我国上市公司的财务数据进行实证分析和应用举例，提出了一系列提高我国上市公司盈利质量的对策建议。本文的主要结论在于：第一，盈利质量包括盈利的真实性、持续性、获现性、成长性以及盈利的能力等五个维度，上市公司的盈利质量应从这五个方面进行综合评价。第二，盈利质量受诸多因素的影响，如公司资产的状况、收入的质量、利润的构成、经营杠杆与财务杠杆、会计政策的选择、会计准则的影响、公司治理结构等。对上市公司进行盈利质量进行分析评价时，要充分考虑这些因素的影响。第三，鉴于综合指数评价比单项指标评价或分类指标评价更能说明上市公司的盈利质量状况，本文构建了上市公司盈利质量的综合评价指数。运用该指数可以进行上市公司盈利质量的相对评价和排序，得分越高，盈利质量越好，排名越靠前，理论上说其投资价值也越高，从而为投资者作出正确决策提供一定的借鉴和参考。
[Abstract]:In recent years, there have been frequent financial fraud scandals of listed companies in the domestic and foreign securities markets, some companies in order to obtain credit funds, commercial credit, company listing, tax evasion or other political purposes. All of these make investors more cautious and sceptical when making investment decision analysis. The attention to the financial reports of listed companies is no longer just about the amount of profits on the surface, but begins to focus more on the analysis of the quality of profits. How to pass through the beautiful statements. Using the restriction and check relation between accounting information to identify the profit quality of listed company has become an urgent problem for investors to make correct decision and even for the whole capital market to develop healthily. This paper adopts the combination of normative research and empirical analysis, qualitative research and quantitative research. First, from the basic connotation of profit quality. The difference and relation with profitability and the influencing factors of profit quality deduce the core elements of profit quality: authenticity, persistence, realization, growth and profitability. To carry on the qualitative analysis to the hard quantitative profit authenticity this core factor; For other factors, namely, the persistence of profit, profitability, growth and profitability, using quantitative analysis method, single index design, and then build a comprehensive evaluation index of profit quality of listed companies. Finally. Combining with the financial data of listed companies in China, this paper makes an empirical analysis and application examples, and puts forward a series of countermeasures and suggestions to improve the profit quality of listed companies in China. The main conclusions of this paper are as follows: first, profit quality includes five dimensions: truthfulness, persistence, realization, growth and profitability. The profit quality of listed companies should be comprehensively evaluated from these five aspects. Secondly, the profit quality is affected by many factors, such as the status of the company's assets, the quality of income, the composition of profits, the operating lever and the financial lever. The choice of accounting policy, the influence of accounting standards, the structure of corporate governance, etc. When analyzing and evaluating the profit quality of listed companies, we should fully consider the influence of these factors. Third. In view of the comprehensive index evaluation than the single index evaluation or classification index evaluation can better explain the profit quality of listed companies. This paper constructs a comprehensive evaluation index of profit quality of listed companies. It can be used to evaluate and rank the profit quality of listed companies. The higher the score is, the better the profit quality is and the higher the ranking is. In theory, its investment value is higher, thus providing certain reference and reference for investors to make correct decision.
【学位授予单位】：西北大学
【学位级别】：硕士
【学位授予年份】：2007
【分类号】：F275

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