文档介绍：摘要
从90年代初期发展到现在,我国证券市场的规模和上市公司的数量迅速增长。然而,近几年来,上市公司中一些造假事件频频曝光,与上市公司有利益相关的各方将目光纷纷投向了上市公司的财务质量,开始重新审视和关注浙江省上市公司的财务质量问题。传统的财务分析大都是建立在数量方面的分析,没有太多关注质量方面的问题。在富丽堂皇的数字面前,我们更应该关注其数字背后所代表的质量问题。
本文从分析上市公司财务质量的重要性入手,试图构建一个新的财务质量分析框架,简化传统的多指标分析体系,增强财务质量方面的分析,并将上市公司财务质量分析划分为资产质量分析和收益质量分析两部分。在此基础上,将万向钱潮股份有限公司的财务报告,作为浙江省上市公司的财务质量分析的案例,客观分析评价该公司财务质量。据此,对提升浙江省上市公司的财务质量提出一个整体性的建议。
关键词:上市公司;财务质量;评价;优化
Abstract
From the early 90s to the present, China's securities market size and growth in the number of panies rises rapidly. However, in recent years, a number of panies are in the frequent exposure of fraud, and the stockholders will look to invest in the financial quality of pany, and the attention began to re-examine the financial quality of panies in Zhejiang Province. Traditional financial analysis is mostly based on quantitative analysis, which is not much concerned about quality issues. We need to focus on the numbers represented by its quality issues behind, despite the magnificent figures.
This paper analyzes the importance of the financial quality of panies and tries to build a new analysis framework of financial quality, simplified the system of traditional multi-index analysis, and enhance the quality of financial analysis, and divided the financial quality of panies into the financial quality analysis and asset quality earnings quality analysis two parts. On this basis, the Wanxiang Group's financial report as a pany in Zhejiang Province in the case of financial quality analysis, objectively analyze the evaluation of pany's financial quality. Accordingly, to enhance the financial quality of listed firms in Zhejiang Province made an overall mendation.
Key Words:panies; financial standing; evaluation; optimizing
目录
一、引言 1
二、浙江省上市公司现行财务质量评价体系及存在问题 1
(一)财务质量的重要性 1
(二)现行的绩效评价指标体系 2
(三)现行公司评价指标体系存在的问题 4
三、浙江省上市公司财务质量评价的新框架—以万向钱潮为例 5
(一)评价财务质量的新框架 6
(二)以万向钱潮为例的财务质量实际评价 10
四、新框架下优化浙江省上市公司财务质量的措施 15
(一)优化资产结构 15
(二)调整资本结构 16
五、结论 18
参考文献 20
致谢 22
一、引言
我国的资本