【作者】 赵冷艳；

【导师】 葛文雷；

【作者基本信息】 东华大学 ， 企业管理， 2005， 硕士

【摘要】 上海历来被看作中国经济发展的前沿。近年来,上海经济的发展不但吸引了国内各行各业的投资者,更吸引了不少外资。上海经济的蓬勃发展代表着中国经济的发展趋势。然而,上市公司整体业绩起起落落,由此引发我们考察其经营业绩和价值创造能力的现状及存在的问题。为此,本文采用实证方法揭示沪籍上市公司业绩趋势、价值创造能力,并运用价值创造理论发掘沪籍上市公司价值创造的驱动因素,对沪籍上市公司优化理财行为提出了实用的有价值的方法和建议。 在相当多的上市公司中,没有独立的理财机构设置,没有经过严格学术训练的理财人员,没有科学而规范的财务决策程序,更没有极具现代意义的、科学的理财观念等。正是我国上市公司的理财行为的欠缺,造成我国企业理财行为的优化研究已经成为一个不容延迟的重大问题。由于缺乏科学的理财行为活动,我国企业尤其是国企的财务状况多年来始终处于在极为危险的境地。上市公司同样受到理财行为水平低下的困扰。可以预见到的是,在将来我国企业参与国际商务活动竞争的过程中,理财行为环节必将成为我国企业管理活动体系中的软肋。许多企业在努力迈向世界强大企业的征途中,财务状况的恶化也将成为它们继续前行的拦路虎。优化财务管理行为,不仅关系到我国企业的健康运行,更关系到我国国民经济的可持续发展。 本文共分为五章节:在第一章中,对于企业价值、企业价值创造以及企业价值创造的衡量方法进行理论性的述评,最后阐述企业价值创造管理对于我国企业经营的重大意义;本文第二章针对公司注册地为上海的上市公司,进行实证研究。采用传统的业绩评价指标体系和国际通行的经济增加值评价体系,分别进行比较分析,从两种角度考察我们的上市公司业绩情况;本文第三章是根据第二章更多还原

【Abstract】 Shanghai has been always regarded as the front of China’s economic development. In recent years, the development of the economy of Shanghai has not only attracted the investors of the domestic all trades and professions, but also many foreign capitals even more. The flourishing development of the economy of Shanghai represents the development trend of China’s economy. However, the whole achievement of listed company rises and falls so that cause we investigate the current situation and existing problem of their business performances and value creativity. This paper shows the listed company achievement trend of Shanghai, value creativity with the demonstration method, use value create theory to explore listed company drive factor and put forward practical valuable method and suggestion to the listed company of Shanghai.In quite a lot of listed companies, there is no independent financing organization structuring, not having it through the strict financing personnel whose academy trained, there is no scientific and normal financial decision procedure, have not had a modern meaning, scientific financing ideas, etc. It is financing behavior of the listed company of our country that is deficient. The optimization question of the behavior is an important issue that can’t be delayed at present. Because lack the scientific financing behavior activity, the financial situation of enterprises of our country, especially state-owned enterprise has been in the extremely dangerous condition for many vears. The one that can be predicted is. while enterprises of our countryparticipate in international commercial activity competition in future, financing behavior will become of our country enterprise management activity soft rib of system. A lot of enterprises march toward world while the deterioration of financial situation will become their obstacle. Optimizing the financial administration will not merely concerns the enterprises of our country runs, but also about the sustainable development of our national economy.This paper is divided into five chapters: hi chapter one, review on creation of enterprise’s value, enterprise’s value and the measurement method that enterprise’s value create, then explain the great meaning to enterprises of our country; Chapter two of this paper is a listed company of Shanghai to the registered place of the company, carry on the positive research. This paper analyses through adopting the traditional achievement evaluation index system and international and current economic value-added to appraise the system, carry on comparative analysis separately, investigate our achievement situation of listed company in terms of two kinds. Chapter three of this paper is according to the result of the positive research of chapter two, analyses enterprise value create financial affairs in urge factor and whether financial affairs urge the factor further; This text chapter four in terms of financial function, uses theory of financing, proposes enterprise in value of carrying on of setting, the financial function should be changed out from the traditional function, has put forward several transition schemes; Finally, chapter five of this paper focus on the listed company of Shanghai, research on the current situation of the behavior and several questions and put forward some suggestion and methods.So we suggests that the listed company of Shanghai should hold the good opportunity of development of Shanghai, gives play toenterprise’s advantage, mould the financial management mode with correct health, promote enterprise’s value.ZHAO LENGYAN (ENTERPRISE MANAGEMENT) Supervised by GE WENLEI Professor更多还原