陕西省制造业上市公司财务价值创造力评价  

Evaluation of Financial Value Creativity of Listed Manufacturing Companies in Shaanxi Province

作　　者：行金玲[1,2,3] 王展 XING Jinling;WANG Zhan(School of Economics and Management,Xi’an Technological University,Xi’an 710021,China;Soft Science Base for Ordnance Industry Innovation&Development in Shaanxi Province,Xi’an 710021,China;Civil Military Integration Science and Technology Innovation Research Center of Shaanxi’s Colleges and Universities,Xi’an 710021,China)

机构地区：[1]西安工业大学经济管理学院,西安710021 [2]陕西省兵工科技创新发展软件研究基地,西安710021 [3]陕西高校军民融合科技创新研究中心,西安710021

出　　处：《西安工业大学学报》2023年第1期81-90,共10页Journal of Xi’an Technological University

基　　金：国家社会科学基金(20XGL005);陕西省科技厅软科学研究计划项目(2020KRM007);陕西省社科界重大理论与现实问题研究项目(2020Z014)。

摘　　要：为评价陕西省制造业上市公司财务价值创造力,以陕西省34家制造业上市公司为重点研究对象,运用因子分析法对财务价值创造力评价指标进行筛选,从财务效益、资产运营、偿债能力和发展能力四个维度构建评价指标体系。运用数据包络分析方法(Data envelopment analysis,DEA)构建制造业上市公司财务价值创造力综合评价模型,并对陕西省制造业上市公司财务价值创造力进行排序分析。研究结果表明:陕西省制造业上市公司在资源配置与利用效率上具有较好的表现,整体财务价值创造力较高,规模收益以递增为主;制造业子行业之间财务价值创造力相差较大,其主要原因是受纯技术效率影响。企业可以通过加大科研投入力度、合理配置资源、优化资本组织结构等方式促进财务价值创造力的提升。The study aims to investigate the financial value creativity of the listed manufacturing companies in Shaanxi Province,of which 34 companies were selected as the samples.The factor analysis method was used to screen the indicators for evaluating financial value creativity,and an evaluation index system was constructed which contains four dimensions:financial efficiency,asset operation,solvency and development ability.The data envelopment analysis(DEA)was used to construct a comprehensive model for evaluating the financial value creativity of listed manufacturing companies,by which the financial value creativity of the 34 companies was ranked.The results show that the listed manufacturing companies in Shaanxi Province have better resource allocation,higher utilization efficiency,higher overall financial value creativity,and increased scale return and that the manufacturing sub industries are greatly different in financial value creativity due mainly to the influence of pure technical efficiency.The listed companies can promote their financial value creativity by putting more investment into scientific research,allocating resources reasonably and optimizing the capital organization structure.

关 键 词：财务价值创造力 数据包络分析 因子分析法 制造业 上市公司 

分 类 号：F406.7[经济管理—产业经济] F425F832.51