联系我们

论文查询结果	返回搜索

论文编号：	8336
作者编号：	2120142456
上传时间：	2016/6/7 20:37:27
中文题目：	房地产行业财务状况分析及其对股价的影响研究 --基于典型上市企业的分析
英文题目：	The financial analysis of real estate and its impact on share price --Based on the analysis of typical listed companies
指导老师：	齐岳
中文关键字：	财务分析；房地产行业分析；回归分析；股价波动
英文关键字：	Financial analysis; The real estate industry analysis; Regression analysis; Stock price volatility
中文摘要：	随着社会的不断进步与发展，房地产行业在我国经济体系中占据着越来越重要的位置，当前我国经济增速放缓，国家不断出台房地产行业相关政策对其进行宏观调控，我国经济发展及房地产行业都进入了一个新的调整期，而房地产行业不仅是国民经济的支柱，同时也与人们的生活息息相关，近年来不管是政府还是投资者对房地产行业都给予高度关注。在经营环境发生变化的经济新常态模式下，房地产行业必定也会受到一定的影响。本文将通过对房地产行业这个对国民经济有重要影响的行业进行财务报表分析，以反映房地产行业目前的发展状态，发现一些问题并提出未来的展望。财务报表分析方法主要是根据企业最新及以往披露的财务报表及其他一些相关的财务信息，运用专门的分析方法，针对目标企业进行一段时期或特定时期的一种综合评价方法。其中主要包括对企业的财务状况、经营状况、盈利能力和未来发展潜力的分析，通过这一系列的分析不仅能够为财务报表的使用者提供相关决策信息而且能够使企业发现自身经营过程中存在的问题及其在行业中的地位。所以关注企业的财务信息，对其各大财务报表进行深入分析，不仅有利于企业外部利益相关者，对企业自身也是一种非常有益的改进自身的方法。 论文主要章节部分介绍：在论文第一章主要介绍的是本文的研究背景、研究目的、研究方法及对房地产行业进行研究的现实意义。第二章是文献综述，主要介绍的是国内外相关研究理论及论文后续使用的研究方法的相关内容等。第三章开始进入本文的核心部分，对房地产行业的具体情况进行概述和分析。第四章主要是在第三章的基础之上进行数据分析，包括行业财务指标趋势分析及房地产企业财务状况对股价变动的影响分析。第五章是在前文基础之上进行总结，并提出对目标行业的未来展望。 本文共提出五个假设，研究典型上市房地产企业财务指标对其股票价格变动的影响，最后得到结论：上市房地产企业的流动比率、净资产收益率、利润总额增长率、企业自由现金流、每股收益及每股净资产与股价成显著正相关关系；资产负债率、每股净资产增长率及存货周转率与股价无明显相关性。 关键词：财务分析；房地产行业分析；回归分析；股价波动
英文摘要：	With the development of society, the real estate industry in our country occupies a more important position in the economic system, but the current economic slowdown in China and the policies have been introduced to adjust and control of the real estate industry, the development of economic and the real estate industry in china have entered a new period. The real estate industry is not only the pillar of the national economy, but also is closely related to people's lives. In recent years, both the government and investors give much more attention to the real estate industry. This article will research on the financial statements of the real estate industry to reflect the current status of the real estate industry. The analysis method of financial statement is mainly based on enterprise's financial information and use special analysis method to evaluate the operating?status of the real industry, including the financial condition, operating conditions and so on. Through the series of analysis can not only provide decision-making information for users of financial statements but also can make the enterprises found themselves’ problems which existing in the management process. Focusing on financial information of enterprises is not only beneficial to the external stakeholders but also a very useful method to improve themselves. This article mainly includes the following several aspects: In the first chapter of this article are mainly introduced the research background, research purpose, research methods and the practical significance of the study of the real estate industry. In the second chapter is mainly introduced the literature review, including the related research both in domestic and foreign. The third chapter began to enter the core part of this article, the specific situation of the real estate industry are summarized and analyzed. The fourth chapter is mainly based on the data analysis in chapter three, researching what the relationship between the financial position of the real estate industry and its share price. The fifth chapter is summarized based on the above, and put forward the future prospects of the real estate industry. This paper put forward five hypotheses and finally come to the conclusions: the current ratio, the return on net assets, free cash flow, earnings per share and net assets per share have very significant correlations with the stock price, and the asset-liability ratio and inventory turnover have not clearly associated with the stock price. Key words: Financial analysis; The real estate industry analysis; Regression analysis; Stock price volatility
查看全文：	预览  下载(下载需要进行登录)