上市公司市值管理研究
目录
摘要......................................................................................................................................... I Abstract .................................................................................................................................. II 目录...................................................................................................................................... I V Contents ............................................................................................................................... VII 第一章绪论........................................................................................................................ VII 1.1研究背景 (1)
1.2研究意义 (2)
1.3文献综述 (2)
1.3.1价值管理概发展历程 (2)
1.3.2市值管理综述 (4)
1.4研究内容与安排 (6)
1.4.1研究内容 (6)
1.4.2研究安排 (6)
1.5研究方法与技术路线 (7)
1.5.1研究方法 (7)
1.5.2技术路线 (8)
第二章上市公司市值管理理论基础 (9)
2.1基本相关理论 (9)
2.1.1价值管理理论 (9)
2.1.2有效市场理论 (9)
2.2市值管理理论 (10)
2.2.1市值 (10)
2.2.2市值管理 (11)
2.3市值管理和价值管理的关系 (12)
2.4市值管理目标与手段 (12)
2.4.1市值管理目标 (12)
2.4.2市值管理手段 (13)
2.5市值管理的意义 (13)
第三章上市公司市值管理影响因素理论分析 (16)
3.1非可控因素 (16)
3.1.1 宏观因素 (16)
3.1.2品牌溢价 (16)
3.1.3投资者关系 (17)
3.2可控因素 (18)
3.2.1经营业绩 (18)
3.2.2资本结构 (19)
3.2.3公司治理 (19)
3.2.4流通性 (21)
3.2.5行业地位 (21)
第四章上市公司市值管理效果度量 (22)
4.1市值管理效果度量方法选择 (22)
4.2市值管理效果评价指标体系构建 (23)
4.2.1指标体系的构建 (23)
4.2.2 指标描述性分析 (24)
4.3基于主成分分析法市值管理效果分析 (25)
第五章上市公司市值管理影响因素实证分析 (31)
5.1研究假设 (31)
5.2研究设计 (32)
5.2.1样本选取 (32)
5.2.2变量选取 (32)
5.2.3模型设立 (34)
5.3样本描述性统计分析 (34)
5.3.1市值管理绩效得分的描述性统计 (34)
5.3.2单变量的描述性统计 (35)
5.4实证检验分析 (40)
5.4.1多重共线性检验 (40)
5.4.2 Hausman检验 (41)
第六章上市公司市值管理相关建议与对策 (44)
6.1强化市值管理理念，建立市值管理制度 (44)
6.2增强内在价值创造能力，提高财务管理水平 (44)
6.3努力做好价值实现工作，充分反映内在价值 (45)
6.4加大价值经营力度，创建稳定市场溢价 (45)
6.5加强监管力度，提高市场环境质量 (46)
结论 (47)
参考文献 (49)
攻读学位期间发表论文 (52)
学位论文独创性声明 (53)
学位论文版权使用授权声明 (53)
致谢 (54)
附录 (55)
Contents
Abstract (Chinese) ................................................................................................................... I Abstract .................................................................................................................................. II Contents (Chinese) ............................................................................................................... I V Contents ............................................................................................................................... VII Chapter 1 Introduction ...................................................................................................... VII 1.1Research background (1)
1.2Research meaning (2)
1.3Research reviewe (2)
1.3.1development of value management (2)
1.3.2market value management review (4)
1.4Research content and arrangement (6)
1.4.1research contents (6)
1.4.2research arrangement (6)
1.5Research methods and technology roadmap (7)
1.5.1research method (7)
1.5.2technology roadmap (8)
Chapter 2 Theoretical basis of market value managementof listed companies (9)
2.1Basic theory (9)
2.1.1value management theory (9)
2.1.2efficient market theory (9)
2.2Market value management theory (10)
2.2.1market value (10)
2.2.2market Value Management (11)
2.3Market value management and value management (12)
2.4Market value management objectives and means (12)
2.4.1market value management objectives (12)
2.4.2market value management means (13)
2.5The significance of market value management (13)
2.6Market value management mistakes (14)
Chapter 3 A theoretical analysis of the factors influencing the market value managementof listed companies (16)
3.1Uncontrollable factors (16)
3.1.1 macro factors (16)
3.1.2brand premium (16)
3.1.3 investor relations (17)
3.2Controllable factors (18)
3.2.1operating performance (18)
3.2.2capital structure (19)
3.2.3corporate governance (19)
3.2.4negotiability (21)
3.2.5industry status (21)
Chapter 4 Measurement of market value management of listed companies (22)
4.1Methods of measurement of market value management (22)
4.2construction of evaluation system of market value management (23)
4.2.1construction of evaluation system (23)
4.2.2 descriptive analysis (24)
4.3Analysis of market value management based on principal component analysis (25)
Chapter 5 An empirical analysis on the factors influencing the market value management of listed companies (31)
5.1Research hypothesis (31)
5.2Research design (32)
5.2.1sample selection (32)
5.2.2variable selection (32)
5.2.3model establishment (34)
5.3 Sample descriptive statistical analysis (34)
5.3.1descriptive statistics of market performance (34)
5.3.2univariate descriptive statistics (35)
5.4Empirical test analysis (40)
5.4.1multicollinearity test (40)
5.4.2 Hausman test (41)
5.4.3regression results and analysis (41)
Chapter 6 Suggestions and Countermeasures on the market value management of listed companies (44)
6.1 Strengthen the concept of market value management, establish the rule of market value management system (44)
6.2 Enhance the intrinsic value creation ability, improve the level of financial management
(44)
6.3 Strive to finish the work of value achievement , fully reflect the intrinsic value (45)
6.4 Strengthen the valuemanagement, to create a stable market premium (45)
6.5 Strengthen supervision and improve the quality of market environment (46)
Conclusion (47)
Reference (49)
Papers published during the study (52)
The originality statement of the dissertation (53)
The dissertation copyright license statement (53)
Acknowledgement (54)
Appendix (55)