The Financial Performance Evaluation Of Listed Company Of Saving Energy And Protecting Environment And Research On Influencing Factors Of Performance

With the development of industrial economy,the environmental pollution and resource scarcity have seriously affected the quality of life of Chinese people,then become an obstacle to the sustained and healthy development of our national economy and sharpen the contradictions of different interest groups in a certain extent.Therefore,Chinese government has put forward to building an environment-friendly and resource-saving society and a beautiful China.The government has increased the financial input and tax incentives for environmental protection work in recent years and introduced a series of energy-saving policy for the company of environmental protection industry.Energy saving and environmental protection industry performances more and more eye-catching in our country's market and is recognized as a sunrise industry.Under this background,it is necessary to build a scientific,rational and practical financial comprehensive performance evaluation system for energy saving environmental protection enterprises and figure out which internal factors may play a role in the financial situation of these enterprises.Firstly,this paper reviews the development process of enterprise performance and the influencing factors of financial factors in domestic and foreign.Based on this,this paper constructed a financial performance evaluation system which includes four most commonly used traditional indicators and financial indicators of cash security.Then taking the energy saving and environmental protection industry listed companies in Shanghai and Shenzhen as the research object,using the data from 2013-2015.Using factor analysis method to work each factor score and comprehensive financial performance score of listed companies,the comparison between different companies were made.We can find that the various financial capacity performances of listed companies within the industry is not balanced,enterprise's financial performance ranking is full of variety.After these this paper used panel data multivariate regression model to study which factors will have a relationship with the financial performance of enterprises.The conclusions are as follows:There is no significant correlation between financial performance and the size of the board of directors,the independent director system and research and development input.The debt ratio which represented enterprise capital structure,research&development investment and executive compensation has a negative effect on the financial performance of listed companies.There is a positive correlation between the scale of assets and financial performances.Finally,according to the confirmed results from the previous text,this paper proposed some targeted opinions to improve the financial performance of China's energy-saving and environmental protection listed companies;Firstly,We will expand the scale of enterprises in moderation;secondly,companies need to control the size of their liabilities and adjust the proportion of their current liabilities;thirdly,enterprises should optimize the shareholding structure;In the end,in the process of development,the enterprise should coordinate the various measures.