我国房地产上市公司绩效测算与比较  

Calculation and Comparative Analysis on Performance of China's Real Estate Listed Companies

作　　者：张红[1] 杨飞[1] 

机构地区：[1]清华大学建设管理系,北京100084

出　　处：《中国房地产（学术版）》2014年第1期19-26,共8页China Real Estate

基　　金：国家自然科学基金"我国住房市场信息传递与资源配置效率的理论模型与仿真评价"(71073096)

摘　　要：为了解我国房地产企业的绩效状况,以经济增加值作为绩效的代表指标,选取沪深A股91家房地产上市公司为样本,测算其2001-2012年绩效并开展产业内外的对比分析。结果显示:(1)2001-2012年,以经济增加值衡量的样本房地产上市公司绩效均值为0.99,不同房地产上市公司之间绩效差异程度较大,低于平均绩效水平的样本公司数量较多,样本公司的绩效均值在2006年以前为负,2006年以后为正;(2)房地产上市公司的绩效均值高于建筑业上市公司但低于制造业上市公司,不同所有权结构、地域和主营业务的公司绩效均值差异较大。In order to understand performance of China＇s real estate companies, economic value added is taken as representative indicator for performance, 91 real estate listed companies in h-share are selected as sample, their performances in 2001-2012 are calculated, and then the comparative analysis within real estate industry and related to other industries is conducted. The results indicate that （1） during 2001-2012, the average value of sample companies＇ performance measured by economic value added （100 million） is 0.99; the performance vary significantly across real estate listed companies in sample; the number of sample companies with performance higher than the average values is smaller; the average values of performance before 2006 are less than O, and those after 2006 are more than O; （2） the average value for performance in real estate listed companies is higher than th~ construction industry listed companies, but lower than the manufacturing industry listed companies; the average values for performance of real estate listed companies with different ownership structure, from different regions and with different main business vary significantly

关 键 词：房地产上市公司 绩效 经济增加值 测算 比较 

分 类 号：F276.6[经济管理—企业管理]