房地产上市公司盈利能力影响因素实证分析

本文以上海和深圳交易所39家房地产上市公司2004年到2006年的财务数据为样本,从资本结构、股权结构、公司规模、公司风险、公司治理结构、营运效率和成长性多个方面,选取了可能影响盈利能力的多个指标变量进行了实证分析,结果证明:较高的资产负债率和较慢的总资产周转率抑制了公司的盈利能力,在此基础上提出了改进房地产上市公司盈利能力的若干建议。

The Empirical Research on Factors Affecting List Real Estate Companies's Profit Ability

This article adopts the financial data of 39 list real estate companies from 2004 to 2006 that have been quoted in Shanghai and Shenzhen Stock Exchange markets as the samples,selects several indexes that might affect profit capabilities from the angles of capital structure,shares structure,company scale,company risk,corporate governance structure,operational efficiency and growing and makes an analysis,and the result is that the higher rate of assets and liabilities and the slower rate of working capital in...