Analysis Of Correlativity Between Listed Companies And Industrial Structure In Shaannxi

In recent years, Shaanxi's economy keeps developing fast, but the operating performance of listed companies is not very perfect. By analysing business distribution of listed companies in Shaanxi, this paper finds out that the existing thirty companies do not give expression of Shaanxi's advantageous industry, which impedes the further development of those companies. Therefore, taking correlativity between listed companies and industrial structure as the researching subject, this paper, from a meso view, studys how to improve integral business performance of listed companies in Shaanxi province.This paper first states the background and significance of this research, then expounds the studying thoughts, analysing framework and researching methods. After reading reference materials and analysing data about nineteen listed companies, this paper sums up five kinds of capabilities of their finance quota, namely the operating capacity, solvency, profitability, capital expansion capacity and developing ability. Then through using the method of Principal Component Analysis and the statistical software of SPSS, this paper generally inspect the business performance of listed companies of Shaanxi province. Secondly, according to the composite factor scores and related industries'data, this paper conducts the Panel Data Regression Analysis. The result is the regression coefficients of the listed companieds fail to pass the test of significance, which testifys that the correlativity between listed companies' business performance and industrial development is unconspicuous. In accordance with quantitative analysis above, this paper draws the following conclusions:(1) The profitability, solvency and operating capacity of listed companies of Shaanxi province is relatively awful, and developing ability and capital expansion capacity are not balanced.(2) The performance ranking of listed companies relates closely to their business which can be seen from the fact that companies running advantageous business rank in the front of the ranking list.(3) The development of listed companies in Shaanxi and the development of the industry are disjointed. Listed companies do not play dominant role in industrial restructuring, and advantageous industries fail to promote companies'development as well.At last, this paper puts forward some corresponding suggestions according to the results of the empirical study. We should take measures to strengthen the influence of government in the process of companies'financing and developing, continue to encourage outstanding corporations running advantageous to enter the market, further enlarge the size of the existing listed companies, promote asset restructure of the current listed companies undergoing bad performance, and go on to optimize the existing industrial structure.