本篇論文目錄導航：

【題目】上市農業公司財務實力提升探析
【第一章】提升農業上市公司財務優勢探究緒論
【第二章】財務競爭力的內涵界定及理論闡述
【第三章】農業上市公司財務競爭力的指標體系與評價方法
【4.1 4.2】基于因子分析法的評價過程
【4.3 4.4】基于熵權法的評價過程
【第五章】提升農業公司財務競爭力的對策與展望
【參考文獻】農業上市企業財務能力評價研究參考文獻



目 錄

摘 要

ABSTRACT

1 緒論

1.1 研究背景與研究意義

1.1.1 研究背景

1.1.2 研究意義

1.2 文獻綜述

1.2.1 國外核心競爭力研究綜述

1.2.2 國內核心競爭力研究綜述

1.2.3 國內財務競爭力研究綜述

1.2.4 國內外綜述簡評

1.3 研究內容與框架

1.4 研究方法與創新

1.4.1 本文的研究方法

1.4.2 本文的創新點

2 財務競爭力的內涵界定及理論闡述

2.1 財務競爭力的內涵

2.1.1 財務競爭力概念的界定

2.1.2 財務競爭力的特點

2.1.3 財務競爭力的構成要素

2.1.4 財務競爭力的形成機制

2.2 財務競爭力的相關理論基礎

2.2.1 企業財務戰略理論

2.2.2 企業資源基礎理論

2.2.3 企業核心能力理論

2.2.4 競爭戰略理論

3 農業上市公司財務競爭力的指標體系與評價方法

3.1 農業上市公司概念的界定與發展特征

3.1.1 農業上市公司概念的界定

3.1.2 農業上市公司發展特征

3.2 農業上市公司財務競爭力評價指標體系設計

3.2.1 評價指標的設計原則

3.2.2 評價指標的選取

3.3 現有評價方法的評述

3.4 財務競爭力評價方法的選擇

3.4.1 因子分析法簡述

3.4.2 熵權法簡述

3.4.3 基于 KENDALL 系數的一致性檢驗

4 農業上市公司財務競爭力實證分析

4.1 樣本的選取與數據說明

4.2 基于因子分析法的評價過程

4.2.1 因子分析法的分析過程

4.2.2 農業上市公司財務競爭力排名

4.3 基于熵權法的評價過程

4.3.1 熵權法的分析過程

4.3.2 農業上市公司財務競爭力排名

4.4 結果分析

4.4.1 一致性檢驗的結果分析

4.4.2 共性因子分析

5 研究總結與展望

5.1 研究結論

5.2 提升財務競爭力的對策

5.2.1 提升農業上市公司財務競爭力的宏觀措施

5.2.2 提升農業上市公司財務競爭力的微觀措施

5.3 研究不足與展望

參考文獻

致 謝

摘 要

進入后金融危機時代，企業面臨的競爭愈加激烈，培育和提高企業特有的競爭力成為企業獲取長期競爭優勢的重要方式與途徑。而作為企業競爭力的關鍵構成部分，財務競爭力的重要性日益凸顯，受到理論界與實踐界的廣泛關注。鑒于農業在我國國民經濟中的重要地位，研究農業先進生產力代表的上市公司財務競爭力狀況及其提升對策，不僅能促進農業上市公司的經營發展，還有利于我國農業產業化升級和農業經濟的健康發展。因此，本文以農業上市公司為研究對象，具有重要的理論與實踐意義。本文的主要內容與結論如下：

（1）回顧國內外相關文獻。首先，從資源、知識、能力、整合等多個層面對國內外核心競爭力的相關研究進行了回顧，了解不同學者對于其構成要素與評價體系的認識。在此基礎上，又進一步梳理了國內財務競爭力的相關研究，發現學術界關于財務競爭力的定義尚未形成統一認識，相關理論體系有待完善；另外，相對于其他行業，關于農業上市公司財務競爭力的相關研究并不多，且方法較為單一。

（2）闡述了財務競爭力的概念與特征，并指出財務競爭力是基于財務戰略、財務資源、財務能力與財務執行力的有機整合。此外，從識別、獲取和協調整合財務資源與能力的三個階段分析了財務競爭力的形成機制，并闡明了財務競爭力的相關理論基礎。

（3）結合農業上市公司發展特點，構建財務競爭力評價指標體系并進行實證分析。首先，分析了我國農業上市公司發展現狀，發現其以下特點：公司經營管理不佳，對資金的吸引力不夠；規模實力較小，難以獲得規模效應帶來的收益；地域分布整體分散，在小部分地區集中；經營范圍廣泛，“背農”現象嚴重。在此基礎上，結合指標設計原則，基于盈利能力、成長能力、營運能力、償債能力、獲現能力、規模實力六個維度，選取了 18 個財務指標構建適用于農業上市公司的財務競爭力評價指標體系。在此評價指標體系的基礎上，以 2013 年農業上市公司為研究對象，分別用因子分析法與熵權法對其進行實證分析，并通過 KENDALL 檢驗法發現兩種結果具有一致性，這也驗證了指標選取的合理性。

（4）研究結論與相應對策。研究發現以下結論：農業上市公司整體財務競爭力水平不強，財務競爭意識尚未完全形成；農業上市公司數量少，整體規模實力也較小，多數公司未能有效整合企業資源與能力，營運能力與成長能力表現一般；政府補貼與偶然性收入對公司盈利水平有一定程度的影響，部分公司盈利質量不佳；綜合研究財務競爭力排名前五位與后五位的農業上市公司發現相對于其他因素，獲現能力與盈利能力對農業上市公司財務競爭力作用更大，但公司財務競爭力的提升仍需各因素的共同支撐。針對以上結論，在宏觀層面上，提出了加大政府對農業上市公司的扶持力度與改善農業上市公司發展環境，促進農業產業升級的建議；在微觀層面上，結合農業上市公司現階段財務競爭力狀況，從獲現能力、盈利能力、成長能力與營運能力等方面提出具體建議。

本文的可能的創新點有：（1）結合現階段農業上市公司發展現狀，選取適當指標構建農業上市公司財務競爭力評價體系。財務競爭力是一個動態發展的概念，企業在不同階段，面臨的外部環境與內部環境不盡相同，本文通過分析現階段農業上市公司財務狀況，篩選適當指標構建適用于現階段農業上公司財務競爭力評價體系。

（2）豐富了農業上市公司財務競爭力評價的研究方法。目前只有較少學者將熵權法應用于財務競爭力評價中，而農業上市公司財務競爭力評價大多選用因子分析法。

因此本文分別基于因子分析法與熵權法評價農業上市公司財務競爭力，并用 KENDALL檢驗法對兩種不同方法的得分排名進行一致性檢驗，使結果更加可信、嚴謹。

關鍵詞：財務競爭力；農業上市公司；指標體系；因子分析法；熵權法

Abstract

In the post-financial crisis era, enterprises are facing increasingly fierce competition.

Fostering and enhancing the competitiveness of enterprises is very important forenterprises to keep long-term competitive advantage. As the key component ofcompetitiveness of enterprises, the importance of financial competitiveness becomingmore and more prominent, and receives more and more attention. Considering theimportant role of agriculture in our national economy, researching listed companies whichare regarded as the representative of advanced cultural technology not only can promote itdevelop fast, but also is good for upgrading agricultural industrialization and the healthydevelopment of national economy. So this dissertation which makes the agricultural listedcompanies as the study object is very meaningful. The main contents and conclusions areas follow:

Firstly, it has reviewed domestic and foreign related research from multiple levels ofresources, knowledge, abilities, integration, etc, and also grasp different scholars'

understanding for its components and evaluation system. On this basis, it finds that thedefinition of the financial competitiveness of academia has not yet formed a unifiedunderstanding and Relevant theoretical system needs to be improved after reviewingdomestic research related with financial competitiveness. Also, the research related withfinancial competitiveness is not so much and research method is single.

Secondly, after elaborated the concept and characteristic of financial competitiveness,it classified its constituent elements into financial strategy, financial resources, financialcapacity and financial execution, and then noted that the financial competitiveness is theorganic integration based on the four elements. In addition, this paper has analyzed theformation mechanism of the financial competitiveness from the identification, acquisitionand integration of financial resources and ability and the related theory.

Thirdly, it has analyzed the development of agricultural listed companies in Shenzhenand Shanghai, found that the management is poor and the appeal for funds is not enough.

Also the scale is small, so it is difficult for them to get benefit from scale. Thegeographical distribution is dispersion, only concentrate in small parts. What's more, theyoperating a wide range of business, the phenomenon of “back farming” is serious. On thisbasis, it selected 18 financial competitiveness indexes to build a evaluation systemcombined design principles and based on the six dimensions of profitability, growth,operating capabilities, solvency, eligible now ability and Scale of strength. Basing on thisevaluation system, with factor analysis and entropy method, this paper made empiricalanalysis with the listed companies in 2013 as the objects. And then the result theKENDALL test finds that results from different way is same, so it verifies the indexselection is reasonable.

Finally, empirical studies have found the following conclusion: the overall level offinancial of agricultural listed companies is not strong, and the sense of financialcompetitiveness has not formed; a small number of agricultural listed companies, thestrength of the overall size is smaller, and most companies can not effectively integrateenterprise resources and capabilities, operating capacity and ability to grow performancein general; to a certain extent, government subsidies and contingency income can affectthe company's profitability, and some companies' profitability is poor; the comprehensiveanalysis of top5 and ranked last 5 agricultural listed companies found that eligible nowability and profitability is more important than other indexes. However, the others are alsocan't be ignored. For the above conclusion, at the macro level, this paper proposesgovernment to increase efforts to support agricultural listed companies and improvecompany's development environment. At the micro level, this paper gives some specificmeasures to increase financial competitiveness combined agricultural listed companies'present situation.

The possible innovations of this paper are as following: the first one is that this paperselects appropriate index to build the evaluation system combined agricultural listedcompanies' present situation. Financial competitiveness is a dynamic concept, the externalenvironment and internal environment is different at different stages. It screens constructappropriate indicators for the evaluation system by analyzing current agricultural listedcompanies' financial condition. The second one is that this paper enriches the researchmethod for agricultural listed companies' financial competitiveness evaluation. At present,only a few scholars entropy method has been applied to financial competitivenessevaluation, the evaluation method of agricultural listed company financial competitivenessis too simple. Therefore, this paper evaluates the financial competitiveness with factoranalysis and entropy method, and use KENDALL to test the two different methods tomake the results more credible.

Keywords: financial competitiveness; agricultural listed companies; the indexsystem;factor analysis method; entropy method