中国出版上市公司综合成长性评价实证研究

Zhiyong He
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摘要

本文选取我国12家出版上市公司作为研究样本,运用因子分析法,从盈利能力、经营能力、偿债能力和发展能力四个方面对2012-2013年出版上市公司的成长性进行了综合评价和比较分析。最后发现,传统出版业务盈利能力不强,盈利模式有待转型升级;主营业务收入增长质量不高,规模效益不明显;负债融资比例过低,资金使用效率较差;学习能力和应变能力有待提高,难以保持企业成长活力。
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Empirical research on the comprehensive growth evaluation of publishing listed companies in China
This paper selects 12 publishing listed companies in China as research sample, uses the factor analysis method to make a comprehensive evaluation and comparative analysis of the growth of publishing listed companies in 2012-2013 according to four respects including profitability, operation ability, debt paying ability and development ability. Finally, we find that the profitability is not strong for traditional publishing business which needs the transformation and upgrade of the profit model; the growth quality of main business income is not high and the economies of scale is not significant; the debt financing ratio is too low and the efficiency of the use of funds is poor; the learning ability and strain capacity need to be improved to keep the firm growth vigor.
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