The Research Of Financial Index Of Listed Companies In Xinjiang

The development of listed companies is very important to the regional economy.In recent years,the external economic environment in Xinjiang is more complex,how about the overall situation of the development of Listed Companies in Xinjiang ? In this paper,the financial index of Listed Companies in Xinjiang to generate and apply to help the government to know the overall financial situation of Listed Companies in Xinjiang,and make reasonable policy.The main research contents and conclusions are as follows:First of all,introduces the research background,research ideas,theory and literature review.On this basis,the paper summarizes the concept,function and construction steps of financial index.Then the paper introduces the construction of financial index system and the method of weighting.Preliminary construction of financial index system of listed companies,introduces the selection of weighting method,AHP and entropy method of comprehensive weight,in addition,the generation of the in the index and selected comprehensive index method.Then combined with the data of Xinjiang listed companies,financial index system of Listed Companies in Xinjiang were determined by the method of correlation analysis,calculate the comprehensive weight,the comprehensive financial index,Xinjiang listed companies of state-owned and non state-owned listed companies,the industry's comprehensive financial index average comprehensive financial index.Finally,the paper analyzes the trend characteristics of the financial index,the contribution of each category index and correlation analysis,the economic situation,macroeconomic policy and the comprehensive financial index of Xinjiang listed companies,the main conclusions are as follows:(1)found on the analysis of characteristics of financial index trend,trend of change: comprehensive financial index of Xinjiang listed companies and each category of financial index is consistent,showed a downward trend;non state-owned listed companies on the financial index of Xinjiang listed companies overallcontribution rate higher than the state-owned listed companies;there are significant differences in all types of state and non state the listed company financial contribution index;financial index trend among the different industries vary greatly,including manufacturing,mining industry financial index decreased greatly.(2)found in Xinjiang each category index contribution and correlation analysis,positive correlation: operation ability index and solvency,profitability index,positive operating capacity,profitability,Solvency Index and Xinjiang comprehensive financial index,and three to the consolidated financial index and the contribution rate of over 70%.(3)in the study of the impact of the economic situation and macro policies on the micro enterprise financial index,it is found that the GDP growth rate,the Xinjiang CPI and the listed companies in Xinjiang are positively related to the comprehensive financial index.Put forward the policy suggestions based on the study above,the government should create a good environment for the development of fair business enterprises;listed companies to actively guide and encourage innovation;to further deepen the reform of state-owned enterprises in the process of innovation,and actively guide the completion of the transformation and upgrading,restructuring,or annexation and purchase;strengthen the supervision of the senior management,promote the reform of state-owned enterprise management system and management concept.The sixth chapter puts forward policy suggestions: the government to create a good environment for the development of fair business enterprises;listed companies to actively guide and encourage innovation;to further deepen the reform of state-owned enterprises in the process of innovation,and actively guide the completion of the transformation and upgrading or annexation,heavy group,and the purchase of senior managers;strengthen supervision,promote the reform of state-owned enterprise management system and management concept.