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The Research Of Evaluation Method Of The Listed Companies Financial Performance

Posted on:2006-06-29Degree:MasterType:Thesis
Country:ChinaCandidate:X H ShuFull Text:PDF
GTID:2179360155970691Subject:Quantitative Economics
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By the beginning of the 21st century, China has almost finished the change from the planned economy to market economy. Its economy has developed greatly and got the achievements of worldwide interest. Now listed companies are becoming the major-micro-part of china's economy which makes the comprehensive evaluation and analysis of its profit-making state become popular projects.Now numerous middle and small shareholders are taking a big risk because of the non-effectiveness and the high-speculation of the stock market. Taking their interest into account, the paper establishes the comprehensive evaluation financial index system which is based on the financial state of the listed companies of traditional industries. Then a conclusion and introduction of comprehensive evaluation method which form being discussed heatedly are made and the thinking of the judgment of the good and bad of these evaluation ways are introduced. Further more, on the basis of financial analysis and by analyzing multivariate figures, especially, the nature of Chernoff face figure and Tree figure which are the evaluation method of multivariate figures, the paper shows how to convert the financial state of a listed company into the corresponding multivariate figures such as Radar fingure ,Chernoff face figure and Tree figure .At the end of the research, from the following two ways of numerical value and graph evaluation, the A stocks of thirty listed steel industries in Shanghai and Shenzhen stock markets have been analyzed as the real mode, through which the paper shows the standard of the judgment of the good and bad of these two ways, and the characteristics and use value of the evaluation ways of multivariate figures.The new ideas put forward in the paper are the judgment of the good and bad of evaluation ways of varied numerical value in current discussing and applying and the systematical introduction of the ways of getting multivariate figures of the financial state of listed companies. The bottom line is that the new concept of Tree figure has been put forward creatively.The way of transforming financial data into Radar fingure ,Chernoff face figure and Tree figure through computer programming has been demonstrated to have good effect and to be ocular and easy to understand. And by judging the size of the star-like area in the Radar figure, the comprehensive evaluation of the financial state of a listed company can be easily got.The findings of the research will be mainly applied in stock companies and media group. The rapid development of net-stock market makes it possible for multivariate figures analysis to serve the numerous shareholders. With the help of the easy and effective evaluation way, the shareholders get to know the financial state of listed companies and wise decisions can be made at the same time.
Keywords/Search Tags:Financial Performance, Comprehensive Appraisal method, Sequence Number Summation Theory, Mode Theory, Multivariate Statistical Analysis, Radar Figure, Chernoff face Figure, Tree Figure
PDF Full Text Request
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