基于熵值法的物流上市公司财务性投资价值分析

Analysis of Financial Investment Value of Listed Logistics Companies Based on Entropy Method

在综合分析影响企业投资价值因素的基础上,利用熵值法从财务角度出发,构建偿债能力、经营能力、发展能力和盈利能力四个维度的投资价值评价指标体系。结合2021年的最新数据,对A股市场15家物流上市公司的投资价值进行测度。实证结果表明:15家物流上市公司投资价值都受到新冠疫情的冲击,但是内部存在较大差异。其中,相较于传统物流行业,跨境电商、智慧物流为主业务的物流公司表现强劲。投资者在进行决策时应结合公司的实际情况进行分析,寻找公司的核心竞争力和未来利润增长点,全方位考虑做出最优决策。

Based on the comprehensive analysis of the factors affecting the investment value of enterprises,the entropy value method is used to construct an investment value evaluation index system with four dimensions of solvency,operation,development and profitability from the financial perspective.Combined with the latest data of 2021,the investment value of 15 logistics listed companies in A-share market is measured.The empirical results show that the investment value of all 15 listed logistics companies is affected by the impact of the new crown epidemic but there are large internal differences.Among them,compared with the traditional logistics industry,logistics companies with cross-border e-commerce and smart logistics as their main business perform strongly.Investors should make optimal decisions by considering all aspects.