基于现金流量的综合财务指标实证研究——以制造业上市公司为例

Consolidated Financial Indicators of Empirical Research Based on Cash Flow ——Listed manufacturing companies,for example

以权责发生制为基础设计的财务综合指标容易受盈余管理的影响,由此可能导致指标不能反映公司实际财务实际状况。本文以收付实现制为基础,通过主成份分析方法将多个现金流量表主要指标组合成一个综合财务指标,客观评价公司财务状况,最后选取综合绩效排名前50位中的33家制造业上市公司为样本,实证综合财务指标判断的一致性。

Vulnerable to the impact of earnings management accrual basis financial indicators,which may cause the index does not reflect the actual situation of the company＇s actual financial.This article is based on the cash basis,the main indicators of multiple cash flow statement into an integrated financial indicators,objective evaluation of the company＇s financial position,and finally select the overall performance of the top 50 in 33 manufacturing listed by principal component analysis as the sample,the consistency of empirical financial indicators to judge.