上市公司发展潜力评价研究/

2019-04-05 23:27:38

The development capacity potential Assessment



本论文主要对上市公司发展潜力评价进行了深入系统的研究。本文对上市公司发展潜力的含义及特点进行了界定,总结了上市公司发展潜力评价的影响因素。提出了上市公司发展潜力评价的完整指标体系,指出上市公司的财务状况、内在素质(包括核心业务、管理能力、治理结构)、和谐状况是影响其发展潜力的主要因素。鉴于上市公司发展潜力评价指标体系的多层次性,及评价主体对客体认识的模糊性,根据系统评价的多级模糊综合评价原理,建立了上市公司发展潜力综合评价模型。为保证评价的科学性、连续性及快速性,采用计算机辅助工具,建立了上市公司发展潜力评价计算机管理系统。并对医药行业4家上市公司:吉林敖东药业集团股份有限公司、通化东宝药业股份有限公司、上海市医药股份有限公司、深圳太太药业股份有限公司的发展潜力进行了评价与比较分析。



The paper is 《Assessment Study of Corporation's Potential Capacity for development》. In the past few years, many corporations’ competing competence strengthened distinctly. They have been kept expanding their size, improving mechanism administer and quality, after altering their mechanism and coming into the negotiable securities market. More and more corporations have been more and more important for the national economy. Yet against the impending demand of raising Chinese general strength and international competing competence, the corporations are being faced enormous challenge on account of the development. There are excellent ones among them, but the bad ones are more. The corporations’ lacking continuing developing competence and potential capacity for development is the main reason for that. The paper made embedded systemic study on the theories the element system and the techniques on assessing the corporation's potential capacity for development.
The corporation's potential capacity for development: the competence to producing value continuously for a long period of time in future, the continuing value-creating competence for shareholder. Its characteristic: durative, crecsive, anticipative, integration. There are many factors affecting the assessment, the mains ones are the theory on corporation value, the theory on value link, the theory on the factor and mechanism of corporation’s development, the theory on competing strategy.
The assessment on corporation's potential capacity for development is a systemic work, there are many sorts of factors, including external factor, interior factor; the product and the human and so on. We should follow synthesis principle, head and front principle, trade principle, quantitative
analysis together with qualitative analysis principle to assure the assessment scientific compact and banausic.
Corporation's Potential Capacity for development lies on its finance, the intrinsic quality and the harmonious state. The intrinsic quality consists of core product, management and corporate governance. Total three respects five modules.
The financial items stand for the achievement passing by. The past does not stand for the future, but we can forecast the future effectively by the conduct passing by. The investor estimates the coming situation by these items. So the assessment should be commenced at checking financial items. The financial report forms are still unreplaceable to the moment despite the falsity of partial corporations’ message. The intrinsic quality is more profound and the headspring for producing fortune. On the base of investigation I believe that to assess the potential capacity for development we must assess the core competence, management and corporate governance. The harmonious state includes harmony to the natural environment and social environment.
The paper analyzes and distills the elements of corporation’s potential capacity for development and proposes a integrate system of assessment. It consists of guide level, sub-guide level and indicator level, summary three levels embodying 5 16 45 elements separately. The proportions of each indicator are figured out by stratification - analyzing method. (Table 3-1)
As the assessment system has more than one lever, and the illegibility of cognition, the paper establishes the integrated assessment model based on multilevel vague integrative assessment rule. And set up the computer system of the assessment of corporation potential capacity for development using computer as the assistant instrument.
Finally, the paper assesses the potential capacity for development of Jilin Aodong Curatorial Group Ltd, Tonghua Dongbao Curatorial Ltd, Shanghai
Curatorial Group Ltd, Shenzhen Taita Curatorial Group Ltd. adopting the assessment system and the computer system adopting the assessment system and the computer system.