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The Regional Industral Development Strategies' Influence On The Industrial Structure Of Listed Companies

Posted on:2019-08-01Degree:MasterType:Thesis
Country:ChinaCandidate:Z G WangFull Text:PDF
GTID:2439330548973510Subject:Business management
Abstract/Summary:PDF Full Text Request
The development of the regional economy is consistent with the continuous adjustment of the industrial structure.It cannot be separated from the participation of the government,enterprises and society.Through the formulation and implementation of industrial development strategies,the government guides the development of the regional economy,rationally adjusts the regional industrial structure,and promotes the rationalization and advancement of the industrial structure.The process of rational adjustment of the regional industrial structure is essentially a process in which resources are optimally allocated among enterprises which the micro-subject of industrial structure adjustment is the enterprise.As a representative of excellent companies in the industry,listed companies rely on their own advantages in raising funds,technology and management innovation,talent introduction,etc.They not only promote the optimization of regional industrial organizations,guide the changes of the main industries,but also increase the speed of industrial development and expand the industrial business areas.However,judging from the status quo of development,listed companies in Yunnan are not good both in terms of quantity and quality,and the industrial structure also presents a bad situation:?The middle is big and the sides are small?.Therefore,we should fully understand the impact of regional industrial development strategies on the industrial structure of listed companies,Therefore,it is necessary to fully understand the influence of regional industrial development strategies on the industrial structure of listed companies,promote the formulation of industrial policies that are compatible with corporate incentives,promote the high quality development of listed companies,and optimize the industrial structure of listed companies.Those have become problems must be solved in the process of economic prosperity in Yunnan.Based on this,this paper uses 18 financial data indicators from 34 listed companies in Yunnan from 2011 to 2016,and uses the principal component analysis method to comprehensively evaluate the operating performance of 34 listed companies,and calculate and rank their operating performance comprehensive scores.Then,studying the impact of industrial development strategies on the industrial structure of listed companies in conjunction with ? The 12 th Five-Year Plan for National Economic and Social Development in Yunnan Province?and ? The 13 th Five-Year Plan for National Economic and Social Development in Yunnan Province?to find out the problems and deficiencies of listed companies.Finally,this paper proposes countermeasures and suggestions on the future development of listed companies in Yunnan from the perspectives of industrial chain,value chain,and innovation in order to achieve the purpose of relying on high-quality listed companies to prosper Yunnan's economy.This study shows:(1)The regional industrial development strategy has effectively promoted the performance improvement of listed companies in the Yunnan forest industry,and thus has a positive correlation with the industrial structure of Yunnan agricultural listed companies.(2)The regional industrial development strategy has effectively promoted the performance improvement of listed companies in the Yunnan pharmaceutical industry,new materials industry and equipment manufacturing industry,and thus has a positive correlation with the industry structure of Yunnan industrial listed companies.(3)The regional industry development strategy did not effectively promote the performance of listed companies in the tourism,information services and capital market services industries in Yunnan,partly promoted the performance improvement of listed companies in the retail and real estate industries,and thus has a partial positive correlation with the industrial structure of the listed companies in the service industry in Yunnan.
Keywords/Search Tags:Listed companies, Industrial structure, Business performance, Yunnan Province
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