上市公司盈利能力的因子分析  

Factorial Analysis on a Listed Company's Profitability

作　　者：张俊瑞[1] 贾宗武[2] 孙玉梅[3] 

机构地区：[1]西安交通大学管理学院,陕西西安710061 [2]西安财经学院会计系,陕西西安710061 [3]深圳航空有限责任公司,广东深圳518218

出　　处：《当代经济科学》2004年第6期53-59,共7页Modern Economic Science

基　　金：国家自然科学基金(70372048);教育部人文社科基金项目(02JA790045)资助。

摘　　要：本文以国外50家上市公司和国内187家上市公司为样本,利用其1998-2002年连续5的财务会计信息,运用因子分析法,分别对样本公司按照应计制和现金制会计基础下衡量公司盈利能力的财务指标进行了分析。研究发现,以应计制会计基础和以现金制会计基础衡量的企业盈利能力存在很大的差异,因而单独运用某一基础下的财务指标来衡量公司的盈利能力都是不全面的,应该将两者相互融合起来。Taking 50 foreign listed companies and 187 domestic ones as samples, with their successive 5 years' accounting information from 1998 to 2002, and using the factorial analysis mode, this paper makes an analysis on their financial indices used to measure corporate profitability respectively in terms of accrual accounting and cash basis accounting. It is found out through a study that there are great many differences in corporate profitability in terms of the two accounting bases, therefore it is not at all comprehensive to measure the corporate profitability by using the financial indexes alone on one of the accounting basis, and the two bases should be integrated into each other.

关 键 词：应计制 现金制 盈利能力 因子分析 

分 类 号：F275[经济管理—企业管理]