The Research Of Listed Companies Performance Dynamic Integrated Evaluation Method

Through over 20 years development, our country's securities business has began to take shape and gradually become one of the most energic securities businesses except Japan. Moreover, through stock market, more and more enterprises obtain valued capital and use stock market to finish enterprise strypped-down and resource configuration. Along with the endlessly development of our country's securities business, listed companies'management performance has become the target which has been paid close attention by paper investor, government management branch, paper analyzing experts and company staff.Firstly, this article systematically reviews the primary achievement of home and aboard listed companies'performance evaluation, which respectively carry out detailed explanation from index ridding method research, index weighted method research and integrate evaluation. Furthermore, this article carries out conclusion and comment, which provides reference for the research train of thought. Secondly, during the guidance of index system designing principles, this article implements"Quadric Assort Setpoint Method", which combines objective and subjective, to evaluate index system. Moreover, it makes index system combines the characters of representativeness and comprehensive through the combination application of clustering analysis and plural related index.Then, this article carries out comparing analysis towards current mainstream index weighted method and, through theoretic filter, determines the index weighted method which is the most suited for listed company performance dynamic integrated evaluation, which is called CRITIC method. Moreover, this article carries out theoretic improvement towards CRITIC method and chooses aberrance index substitute standard deviation to measure the variability of index. Furthermore, by implementing the relativity of index to depict the conflict of index, advanced CRITIC method objectively and roundly reflect the characters of index. Last but not least, this article respectively uses time sequence multi-index integrated evaluation method and dynamic volume to carry out list company performance's dynamic integrated evaluation towards identical degree analysis method. Thereinto, this article breaks former dynamic evaluation equivalence weighted pattern towards time weighted and implements arithmetic progression to carry out time weighted, which has great economic significance. Then, this article uses Spearman level related index to carry out coherence inspection towards the demonstrative result of these two methods and, from theoretic model and computer process aspects, demonstrates that time sequence multi-index integrated evaluation method is more suitable for the performance evaluation research of listed companies. The demonstrative analysis indicates that the listed companies in electric power industry totally have good performance. Thereinto, water and electricity companies have best performance, fire electricity companies have worse performance and warm electricity companies have different performance position. This result basically corresponds with the development status of our country's electric power industry.