金融危机对我国中小上市企业影响的行业比较——基于现金流财务比率

A Contrastive Study of the Influence of Financial Crisis on China' SMEs Based on the Financial Ratio of Cash Flow

财务比率的行业均值能为个别企业评价自身的发展状况提供基本比较依据,2008年9月15日爆发的全球金融危机使我国大部分中小企业遭受重大损失,文章分季度计算了金融危机爆发一年来我国中小上市企业现金流财务比率的行业均值并检验了各财务比率行业间的显著性差异,从财务角度验证了金融危机对我国中小企业的影响在2009年第1季度最为严重。

The average industry value of financial ratios can provide a basic reference standard for a single company to evaluate its condition of development.The breaking-out of financial crisis in 2008 has had a tremendous impact on the small and medium-sized listed enterprises（SMEs）.The paper conducts an empirical test on the average industry value of the Chinese listed SMEs＇ financial ratios of cash flow in one year after the breaking-out of financial crisis.The result shows that the first quarter of 2009 sees the strongest influence of financial crisis on China＇s SMEs.