摘要
近年来中国房地产宏观调控政策不断更新,“限购令”经历了从出台到“松绑”再到趋紧的过程。因此学术界对这一政策对于房地产领域的企业财务绩效的利弊也有不同的看法,本文以沪深房地产上市公司为研究样本,采用相关性分析方法探究2014~2016年间样本公司的财务绩效与“限购令”政策之间的相关性,目的在于体现“限购令”政策对沪深房地产上市公司财务绩效的作用,同时发现其变化规律。研究发现,“限购令”政策的出台对企业财务绩效指标中的总资产周转率有正向显著影响,但是对于企业的资产报酬率、营业收入增长率和现金比率等财务绩效指标的影响并不显著。
In recent years, China’s real estate macro-control policies have been updated;“purchase order” experienced from the introduction to the “loose” to the process of tightening. This paper takes the Shanghai and Shenzhen real estate listed companies as the samples, and uses the correlation analysis method to explore the financial performance of the sample companies from 2014 to 2016 and the “purchase order” of the sample companies in the period from 2014 to 2016. The paper analyzes the financial performance of the real estate listed companies, and aims to reveal the impact of the restriction order policy on the financial performance of listed companies in Shanghai and Shenzhen real estate and finds out the change rule. The study found that the “pur-chase order” of the introduction of the total assets of the enterprise turnover rate has a positive impact, while the enterprise will increase the turnover rate of assets. In addition, the introduc-tion of the purchase order of the enterprise’s return on assets, operating income growth rate and cash ratio and other financial performance indicators has little effect.
出处
《管理科学与工程》
2018年第1期55-63,共9页
Management Science and Engineering
基金
国家自然科学基金“企业财务制度效率的自强化机制理论与实证研究”(71572008)
国家自然科学基金“组织循环理论构建与实证研究”(71372090)。
