Research of Equity Pledge on the Financial Performance of Real Estate Industry Listed Companies Based on SPSS 23.0

Abstract

With the development of China’s economic market and the gradual standardization of equity pledges, benefiting from low thresholds and low costs, the scale of equity pledges continues to expand. Although equity pledges eased the financing difficulties of some listed companies, the collapse of the stock market has also brought turmoil to the capital market. This article adopts empirical analysis method, using SPSS 23.0 as an excellent tool for statistical analysis operations, data mining, predictive analysis and decision support tasks. Proposing the hypothesis based on existing theories and related economic activities is the first step, and the SPSS 23.0 is used to conduct correlation analysis to find out the relationships and laws between variables. This research take the rate of return on total assets as the explained variable and the equity pledge rate is an explanatory variable. Performing regression analysis through SPSS23.0 help us obtain the specific impact of real estate listed company equity pledge on corporate financial performance. It is confirmed that the major shareholder pledge ratio of listed real estate companies has a significant negative impact on the net profit margin of total assets, which is conducive to improving the relevant theories of corporate management and governance, reducing financial risks.