中国纸业上市公司经营绩效分化的实证研究-以沪市造纸业上市公司为例

Empirical Analysis on Performance Differentiation of Listed Companies in Pulp and Paper Industry of China

以11家沪市纸业上市公司为研究样本,利用样本公司2004—2007年公开披露的财务数据,运用因子分析法和主成分分析法,对我国纸业上市公司的经营绩效进行了实证分析。研究发现:我国纸业上市公司的经营绩效存在分化现象;11家沪市纸业上市公司2005年的经营绩效总体上好于2004年,但2006年、2007年两年的经营绩效呈下滑趋势。最后,分析了影响纸业上市公司绩效分化的原因。

Taking 11 listed enterprises in pulp and paper industry of China as the research samples and using the factor analysis and the principal component analysis, this paper analyzes the operating performance of 11 listed companies. The results show that：there exists the performance differentiation in 11 listed companies; the operating performance of 11 listed companies in 2005 was better than the performance of those in 2004,but the operating performance dtiring 2006-2007 have declined. Finally,it analyzes the reasons of performance differentiation existing in sample companies.