我国新材料企业可持续发展能力评价研究——基于沪市36家上市公司数据的分析

Evaluation Research on Sustainable Development Ability for New Material Enterprise——Based on 36 Listed Companies Datas in Shanghai

以2011-2013年沪市36家新材料上市公司年报面板数据为研究样本,采用因子分析法建立了新材料行业上市公司可持续发展能力的综合评价体系,并根据因子分析法构建了新材料公司可持续发展能力的因子模型。在此基础上对样本公司进行综合得分排名,分析和探讨影响公司可持续发展能力的财务指标,并为新材料公司提高自身可持续发展能力提供参考依据。最后通过实证结果表明:影响新材料上市公司可持续发展能力的主要因素为盈利能力和偿债能力。

By adapting panel data of annual report of thirty-six listed companies＇ new material companies in shanghai from 2011 to 2013,a comprehensive evaluate system is constructed according to Factor Analysis Method,with which can establish the factor model on improving the sustainable development for the new material companies.Based on the factor model,these new material companies are ranked according to comprehensive scores to evaluate financial indicators which impact on capacity of sustainable development about new material companies.Finally,the result shows that there are two important factors,profitability ability and debt paying ability,which have effects on its sustainable development.