因子分析:上市公司综合业绩分析的一种新视角  

Factor Analysis : A New Angle of View on the Corporation Synthetic Evaluation

作　　者：胡燕京[1] 张洁[1] 边廷亮[1] 

机构地区：[1]青岛大学经济学院,青岛266071

出　　处：《管理评论》2004年第4期49-53,共5页Management Review

摘　　要：上市公司的综合业绩是投资者据以进行投资判断的基本标准。随着企业投资价值被广大投资者所认可,投资者要求综合评估上市企业的绩效。因子分析法是一种有效的多元统计分析方法。借助因子分析方法,不仅可以考察上市公司的各项指标对上市公司业绩的影响程度,从中找出影响其业绩的主要因素,而且可以得到某一类上市企业的综合排名,对投资者做出合理的投资决策具有很大的帮助。本文以山东省上市公司综合业绩的因子分析为例,建立了上市公司综合业绩分析的因子分析模型,并依据2003年的数据得出公司综合业绩排名的次序。The synthetic value of a listed corporation is the fundamental standard by which investors make decisions. Nowadays Chinese investors attach more and more importance to the real value of the corporations, so an overall evaluation on the value of corporations becomes very important. The factor analysis is an objective and effective method in evaluating the value of the corporations. With this method we can find the public factors which are the main factors contributing to the management performance of the corporations. This method can help investors to make rational decisions. Taking for example the 66 listed corporations of Shandong province, this article establishes the factor analysis model of corporation synthetic evaluation and ranks these corporations by their synthetic values according to the data of 2003.

关 键 词：因子分析 上市公司 综合业绩分析 投资者 中国 

分 类 号：F276.6[经济管理—企业管理]