基于灰色关联度模型的房地产上市公司业绩评价

针对房地产上市公司业绩评价方面的不足,提出了运用灰色关联度模型评价房地产上市公司业绩.运用方差分析方法筛选确定了与房地产上市公司相关的总资产报酬率、净资产收益率、存货周转率、产权比率、主营业务收入增长率和净利润增长率等6个指标.通过研究发现,房地产上市公司的整体业绩良好,但是各个公司在业绩评价的不同财务指标上存在着差异,这些差异最终为投资者、经营者、国家管理部门以及其他利益相关者提供相应的参考.     

基于新会计准则体系的上市公司盈余管理实证研究

2006年2月15日,我国财政部颁布了新的会计准则体系.文章分析了新会计准则下盈余管理的变化,并通过实证方法来研究新会计准则体系颁布实施后对上市公司盈余管理的影响.实证结果表明,新会计准则的实施对上市公司的盈余管理行为有一定的限制作用,并对上市公司的盈余管理行为产生积极的影响.     

乳品行业上市公司盈利能力分析

在强化食品安全的背景下,展开乳品企业的盈利能力分析具有现实意义。以光明乳业、伊利股份、蒙牛乳业和三元股份4家主营乳业的上市公司为样本,利用公司2006—2010年的年报数据,从指标角度分析公司的商品生产经营盈利能力、资源利用效率和投资者获利能力,发现我国乳品行业上市公司盈利能力变动较大,并提出相应建议。     

我国石油化工企业的国际竞争力分析

在对中外石油石化公司综合业绩和资产结构比较的基础上，进一步从油气块、炼油板块、销售板块和化工板块，以及核心技术、管理理念和人力资源等方面，分析了我国石油石化企业在国际竞争中的优势和不足。     

Towards a theoretical framework of SPI success factors for small and medium web companies

ContextThe context of this research is software process improvement (SPI) success factors for small and medium Web companies.ObjectiveThe primary objective of this paper is to propose a theoretical framework of SPI success factors for small and medium Web companies.MethodThe theoretical framework presented in this study aggregated the results of three previous research phases by applying principles of theoretical integration and comparative analysis. Those three previous phases were all empirical in nature, and comprise: a systematic review of SPI in small and medium Web companies [1], [2]; a replication study [3] and a grounded theory-based initial exploratory framework of factors in small and medium Web companies [4].ResultsThe theoretical framework includes 18 categories of SPI success factors, 148 properties of these categories and 25 corresponding relationships, which bind these categories together. With the help of these relationships, the categories and properties of SPI success factors can be directly translated into a set of guidelines, which can then be used by the practitioners of small and medium Web companies to improve the current state of SPI in their companies and achieve overall company success.ConclusionThe comprehensive theoretical framework of SPI success factors presented herein provides evidence regarding key factors for predicting SPI success for small and medium Web companies. The framework can be used as a baseline for a successful implementation of SPI initiatives in the mentioned domain.     

计算机在化工企业自动化仪表系统中的应用探析

工业经济在不断的发展进步,信息现代化技术也在不断的完善,工业企业生产发展要跟上时代的步伐就必须在企业中引进现代信息技术。化工企业的自动化仪表系统在开发及运用中采用计算机信息技术,这就表明化工企业已向生产自动化、信息化转变,这对推动化工企业的生产水平以及获得更大的经济效益有着积极而且深远的意义。     

非财务指标对我国上市公司财务预警的影响

以我国沪深两市被ST的62家工业企业作为研究样本,同时选择相同口径的62家非ST工业企业作为配对样本,采用均值显著性分析、多重共线性分析和回归分析研究了非财务指标对我国上市公司财务预警的影响。研究结果表明,在上市公司ST问题的研究中应综合考虑财务指标与非财务指标,将非财务信息与财务信息有效结合建立预警模型将更好地预警上市公司的财务困境问题。     

我国上市公司管理层收购的融资分析

我国上市公司的管理层收购仍处于起步阶段,在实践中受到很多因素的制约,出现了不少的问题,其中最为关键且突出的是收购过程中的融资问题。针对这个问题,作为杠杆收购的一种,MBO要求金融市场充分活跃和具有高效率,而基于我国目前市场经济还不完善、资本市场仍处于发育阶段,以及各项法律制度建设也不健全的现状,对我国上市公司管理层收购融资进行了具体的分析,以使其更加完善,从而减少风险。     

大数据时代跨国石油公司的网络安全防范措施

随着计算机与互联网的快速发展,数据正以制度速度增长,数据中可能包括隐私数据、敏感数据等。大数据时代下跨国石油公司面临着许多挑战,有黑客攻击、安全防护需求、安全隔离、网络性能等,这就需要跨国石油公司从安全防范技术和安全防范意识上提高网络安全,保证跨国石油公司的网络安全性。     

The financial-economic crisis and value of equity capital: A case study of Slovenian public limited companies 2006–2011

The purpose of this paper is to discuss the effect of financial-economic crisis on the equity value of companies, as well as present the importance of fair and honest company valuations. The fundamental value of equity capital of a company is important for both management and external shareholders. The wide disparity between market and fundamental values can lead to high value adjustments, which reduces investors confidence in the capital market. This has had a negative impact on the operations of financial institutions, and individual as well as company investment; especially on developing financial markets during a financial-economic crisis. This research was designed to assess the equity value of Slovenian public limited companies based on the discounted free cash flows to equity and comparing it with market value of equity capital of companies before and during the financial-economic crisis. The fundamental value of equity capital of the selected companies (sample of 25) is calculated using a two-tiered model. The paired-sample t-tests method rejected the hypothesis that the fundamental value of equity capital of Slovenian public limited companies better reflects the market value of equity capital in today’s times of financial-economic crisis (2011) than before the crisis (2006). However, we found that the market value of equity capital in relation to the fundamental value of equity capital of the selected companies was lower in 2011 than in 2006. Various models of the basic calculations are used in the model evaluation. This study shows the problem of company valuation on small and emerging capital markets which have a short history of data.