战略性新兴产业上市公司财务风险影响因素研究——来自创业板市场的数据报告

Research on the Influence Factors of Financial Risk of the Listed Companies of Developing Strategic Emerging Industries——Based on GEM

摘要:

内容：本文以2010年-2012年深市创业板市场战略性新兴产业上市公司相关数据为样本,通过逐步回归分析法,从上市公司内部、外部以及创业板市场本身等三个方面探寻财务风险的影响因素。实证研究结果表明,现金流动状况、资本结构、成长能力以及社会资本投入等方面对创业板战略性新兴产业上市公司的财务风险存在显著影响。最后,依据实证研究结果,本文提出了相关政策建议。

Abstract:

Based on the relevant data of the listed companies of GEM which are in strategic emerging industries from 2010 to 2012, this paper researches the significant factors of the financial risk from three aspects including internal, external and GEM, using stepwise regression analysis. Empirical results show that the financial risk is significantly affected by cash flow position, capital structure, the ability to grow, social capital. At last, the paper also gives some suggestions according to the empirical results.