The Comparative Study And Performance Evaluation Of Listed Companies Of Beijing And Shanghai

With the development of economy, great changes have taken place in the social environment to the survival of enterprises, the information which information users need to make decision is also more and more. In this environment, the traditional performance evaluation system of enterprise management has been difficult to reflect the actual situation of enterprise management comprehensively and objectively. We must study and build an enterprise operating performance evaluation system which can meet the needs of the new situation and provide scientific basis informations for users to make the decision.In2013,the GDP of Beijing area growth of7.7%on the previous year, the output value of the listed company contribution is18.63%. The output value of Shanghai listed company of contribution is17.61%. Listed companies have played a very important role in the region economic development.Beijing and Shanghai, respectively, as our country’s political center and economic center. Its level of economic development is often seen as measure of domestic cities and regional economic development. In terms of quantity, scale and the industries in these two areas has many common features, so these two areas have strong comparability. Based on the theories about Accounting and Management, and learn from the predecessors’ research results, this article choose14indexes from the profit ability, debt paying ability, capital stock expansion ability, asset management ability and growth ability thoese five aspects, make the compare of Beijing and Shanghai listed companies on the operating performance. Research conclusions:(1) The number of listed companies in two areas has obvious differences. The number of listed companies in Shanghai is less than Beijing in larger degree, but the comprehensive performance of listed companies in Shanghai scored higher than the scores of comprehensive performance of listed companies in Beijing;(2) Compared with asset management ability and growth ability, profitability, solvency and capital stock expansion ability have bigger weight in the composite scores of operating performance of listed companies. The score of listed companies in Beijing are slightly higher in these three aspects, but the score of assets management and company growth ability was significantly lower than the scores of listed companies in Shanghai;(3) Labor intensive and capital intensive industry in Shanghai get higher scores, and the modern service industry and high-tech industry of listed companies in the top30listed company’s share of little. Manufacturing, computer services in the Beijing area get higher scores. On the basis of comparative study, this paper puts forward the countermeasures to improve the operating performance of listed companies in Beijing and Shanghai region, so as to provide certain reference for sustainable development of listed company in other cities.