Influence of increased shares on the performance of liquor listed companies:A factor-based analysis  

作　　者：CHU Mao-kang ZUO Tian-yan 

机构地区：[1]School of Finance and Accounting,Zhejiang Gongshang University,Hangzhou 310000,CHINA

出　　处：《Ecological Economy》2020年第2期90-101,共12页生态经济（英文版）

摘　　要：With the gradual deepening of the reform of the shareholding system,more and more shareholders of listed companies have taken measures to increase their shareholdings to absorb capital,while at the same time achieving the purpose of delivering good news to the market.This article uses the liquor industry as an analysis sample to build six categories of enterprise performance index evaluation systems for debt solvency,development capability,operating capability,per share capability,cash flow capability and profitability.Through factor analysis,it has been shown that the increase in shares of liquor listed companies can improve the performance of enterprises to a certain extent,but the effect of the increase in shares is also affected by other factors such as the size of the enterprise,the operation and management of the company,and the image of the product market.According to the empirical conclusion,it is proposed that on the one hand,the company should increase its shareholdings reasonably according to the company’s own situation.On the other hand,it needs to focus on the current problems of the enterprise and properly solve the current dilemma of the enterprise.Finally,according to the degree of impact of various indicators involved in the empirical test on corporate performance,it is believed that liquor listed companies need to focus on optimizing corporate asset structure and improving product sales,and on the basis of improving profitability and asset return,they should pay attention to corporate cash flow.

关 键 词：liquor industry listed company shareholding increase business performance factor analysis 

分 类 号：F832.51[经济管理—金融学] F426.82