發(fā)布時(shí)間：2018-06-12 02:35

  本文選題：資產(chǎn)結(jié)構(gòu) + 收益穩(wěn)定性�。� 參考：《哈爾濱工業(yè)大學(xué)》2014年碩士論文

【摘要】：資產(chǎn)結(jié)構(gòu)和資本結(jié)構(gòu)對(duì)企業(yè)都很重要。通過文獻(xiàn)調(diào)研，發(fā)現(xiàn)被國內(nèi)外學(xué)者關(guān)注的研究中以資本結(jié)構(gòu)對(duì)公司收益影響的文章居多，但是國內(nèi)外的學(xué)者卻沒有研究資產(chǎn)結(jié)構(gòu)對(duì)收益穩(wěn)定性的影響。本文發(fā)現(xiàn)了這個(gè)研究漏洞，并意識(shí)到資產(chǎn)對(duì)于上市公司的重要性。資產(chǎn)結(jié)構(gòu)對(duì)于公司的資金流動(dòng)可以起到監(jiān)管與調(diào)控的作用，影響著企業(yè)的收益穩(wěn)定性，合理配置資源成為企業(yè)首要考慮的重要問題。適合企業(yè)發(fā)展的資產(chǎn)結(jié)構(gòu)，不但能夠順利開展生產(chǎn)運(yùn)營，而且能夠?yàn)槠髽I(yè)合理安排自有資金提供便利，還可以有效的規(guī)避資金利用不充分的風(fēng)險(xiǎn)，增強(qiáng)企業(yè)的收益穩(wěn)定程度。因此，合理優(yōu)化資產(chǎn)結(jié)構(gòu)至關(guān)重要，企業(yè)想要提高其收益穩(wěn)定性，對(duì)資產(chǎn)結(jié)構(gòu)的研究和探討非常必要。 房地產(chǎn)行業(yè)作為資本密集型行業(yè)，資金從哪里來以及資金運(yùn)用到哪里去是房地產(chǎn)企業(yè)想要健康合理的發(fā)展首要考慮問題。地產(chǎn)行業(yè)在我國的發(fā)展尚待成熟，面對(duì)宏觀調(diào)控政策，房地產(chǎn)行業(yè)的收益穩(wěn)定性顯得越來越重要。進(jìn)行收益穩(wěn)定性分析，除了關(guān)注本期的收益，還應(yīng)對(duì)連續(xù)幾年的收益進(jìn)行動(dòng)態(tài)分析�？赏ㄟ^結(jié)構(gòu)百分比法，評(píng)價(jià)一段時(shí)期內(nèi)企業(yè)的收益穩(wěn)定程度。資產(chǎn)結(jié)構(gòu)，是指各種資產(chǎn)占企業(yè)總資產(chǎn)的比重，體現(xiàn)在資產(chǎn)負(fù)債表左側(cè)。本文根據(jù)所選行業(yè)特點(diǎn)，分別選取了流動(dòng)資產(chǎn)以及流動(dòng)資產(chǎn)的細(xì)化指標(biāo)貨幣資金，應(yīng)收及預(yù)付款項(xiàng)和存貨占總資產(chǎn)的比例作為解釋變量，同時(shí)采用文獻(xiàn)分析法得出企業(yè)收益的評(píng)價(jià)指標(biāo)，作為被解釋變量的基礎(chǔ)，從而采用數(shù)學(xué)方法定義了作為收益穩(wěn)定性的被解釋變量。本文選取了2008-2012年滬、深兩市上市的房地產(chǎn)公司，，建立回歸分析模型，并且進(jìn)行了中介效應(yīng)分析，對(duì)房地產(chǎn)行業(yè)的資產(chǎn)結(jié)構(gòu)與收益穩(wěn)定性之間的相關(guān)性進(jìn)行驗(yàn)證，最后，以實(shí)證研究結(jié)果為基礎(chǔ)，提出優(yōu)化資產(chǎn)結(jié)構(gòu)的建議及優(yōu)化路徑。
[Abstract]:Asset structure and capital structure are very important to enterprises. Through literature research, it is found that most of the articles concerned by scholars at home and abroad focus on the influence of capital structure on corporate income, but scholars at home and abroad have not studied the influence of asset structure on income stability. This paper discovers this research loophole and realizes the importance of assets to listed companies. The asset structure can supervise and control the capital flow of the company and affect the income stability of the enterprise. The rational allocation of resources has become the most important issue for the enterprise to consider. The asset structure suitable for the development of enterprises can not only carry out production and operation smoothly, but also can provide convenience for enterprises to arrange their own funds reasonably, and can effectively avoid the risk of insufficient utilization of funds and enhance the degree of income stability of enterprises. Therefore, the rational optimization of asset structure is very important. In order to improve its income stability, it is necessary for enterprises to study and explore the asset structure. Real estate industry as a capital-intensive industry, Where the money comes from and where it is used is the top priority for real estate companies to develop healthily and reasonably. The development of real estate industry in our country is still mature. In the face of macro-control policy, the income stability of real estate industry becomes more and more important. In order to analyze the income stability, the dynamic analysis should be carried out for several consecutive years in addition to paying attention to the income in the current period. The structural percentage method can be used to evaluate the degree of income stability in a period of time. Asset structure refers to the proportion of various assets to the total assets of the enterprise, reflected on the left side of the balance sheet. According to the characteristics of the selected industries, this paper selects the current assets and the detailed index monetary funds of current assets, the proportion of receivables and prepayments and the proportion of inventory to total assets as explanatory variables. At the same time, the paper uses the literature analysis method to get the evaluation index of the enterprise income as the basis of the explained variable, and then uses the mathematical method to define the explained variable as the stability of the income. This paper selects real estate companies listed in Shanghai and Shenzhen stock markets from 2008 to 2012, establishes regression analysis model, and analyzes the intermediary effect to verify the correlation between asset structure and income stability of real estate industry. Based on the results of empirical research, this paper puts forward some suggestions and ways to optimize asset structure.
【學(xué)位授予單位】：哈爾濱工業(yè)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F299.233.42

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本文編號(hào)：2007892