【作者】 袁敬文；

【导师】 许群；

【作者基本信息】 中国地质大学（北京） ， 会计学， 2011， 硕士

【摘要】 上市公司在我国市场经济中扮演着重要角色，其经营绩效的好与坏影响到资本市场的资源配置，成为股东、债权人、公司员工、政府管理部门等利益相关者共同关注的重要问题。如何正确、公正、公允地对上市公司的绩效进行评价目前己成为财务研究领域的一个重要课题。目前企业绩效评价已经发展出多种方法，多种体系。国内大量学者在继续构建和改进绩效评价体系的研究工作。他们在研究中对既有的绩效评价体系和方法的不足进行分析，但在分析的过程中主观性较强，受各人的学识影响而差别很大，暂未形成整合当前各种绩效评价方法的思路。本文提出一个研究思路，通过采用实证研究的方法，对比不同财务绩效综合评价方法的评价结果差异，在评价方法和公司实际业务两方面同时寻求产生差异的因素，对相应的因素进行归类，最后得出评价差异合理性以及评价方法适用性的相关结论。本文以在中国沪深两市上市的纺织业公司为样本，选取一致的财务指标，分别使用中央企业经营绩效综合评价方法中的财务绩效综合评分方法以及变异系数法对样本的财务指标进行单项评分及综合评分，对两种综合评分的排名差异进行分析，发现单项评价指标的评分对综合评分影响很大，由此提出在综合评分方法的设计中，应该包含评价指标评分分布的合理性论证以及评价指标评分分布参数的确定方法。确定指标的评分分布应该从指标所反映的经济内涵着手，使其能够真实反映企业间的差异大小。对于经营模式转变所带来的指标值异常波动，必须设计恰当的机制来排除其影响。指标评分分布是本文提出的最重要的概念。更多还原

【Abstract】 Listed companies play important role in China’s market economy. Performance of listed companies affects resources allocation of capital market and has become a common concern of shareholders, creditors, employees, government authorities and other stakeholders. It’s been developed into an improtant research issue in the field of financial of how to evaluate listed companies’perfomance reasonably and correctily. Currently, a variety of methods has been developed for enterprise performance evaluation. Many domestic scholars keep working in this field, aiming at building and improing different performance evaluation system. Their study on the shortage of existing methods, mostly basing on subjective analysis and considerably affected by the academic level of researchers. An integrated system that could combine different perfomance evaluation methods has not been developed.This paper presents a research idea to combine differen perfomance evaluation methods. Using empirical research methods, evaluation results of different financial performance evaluation methods can be calculated. Variation of the results will be analysed and broken down into some basic impact factors by looking into the process of the method and operating information publiced by the companies. Factors will be classified in order to find out whether differences of calculation result are reasonable and when a certain method should be applied.This paper chooses China’s textile companies listed in Shanghai and Shenzhen as sample, and calculate scores of the sample companies using a financial performance evaluating system, which is issued by State Assets Administration Committee. With mostly same indicators, a new evaluation model is constructed applying variation coefficient method. By analysing the ranking of the two serieses score from different models, it is found that scoring of individual indicators impacts appereantly on the composite score. Basing on all these analyses, this paper proposes a viewpoint that individual indicator scoring function distribution as well as parameters of the distribution should be demonstrated when designing an comprehensive performance evaluation method.The scoring distribution of indicators should be determined by its economic content so that indicators’score can differ enterprise appropriately. Abnormal fluctuations of indicator value that come with changes of management mode should be considered and appropriate mechanisms must be designed to exclude their impact. Indictor scoring distribution is the most important concepts presented in this paper.更多还原