财务健康与企业绩效:中国制造业企业的比较

Q3 Social Sciences

Journal of Comparative Asian Development Pub Date : 2018-10-30 DOI:10.5296/jad.v4i2.13839

Foo See Liang, Shaakalya Pathak

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引用次数: 4

摘要

中华人民共和国(中国)是亚太地区主要的领先经济体。本研究考察了该市场中上市制造公司的财务健康状况(以Altman Z-Score衡量)与公司绩效(以股本回报率(ROE)衡量)之间的关系。在这些变量之间进行了线性回归，以确定其关系的大小和方向。我们还分析了z - score在五年内的趋势。分析涵盖2013年至2017年(含2017年)期间，得出ROE与市场Z-Score之间存在统计学上的正相关。中国的z - score平均值和中位数为中高。这些发现进一步支持了这个市场作为亚洲巨人的强大经济地位。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Financial Health & Corporate Performance: A Comparison of Manufacturing Companies in China

The People’s Republic of China (China) is a key leading economy in the Asia Pacific region. This study examines the relationship between the financial health, as measured by the Altman Z-Score, and corporate performance, as measured by the Return on Equity (ROE), of listed manufacturing companies in this market. A linear regression has been conducted between these variables to determine the magnitude and direction of their relationships. The trends of Z-Scores over a five-year period have also been analysed. The analysis covers the period from 2013 to 2017 (inclusive) and yields a statistically positive correlation between ROE and the Z-Score for the market. China registered moderate-to-strong mean and median Z-Scores. These findings further support the strong economic position of this market as an Asian giant.

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来源期刊

Journal of Comparative Asian Development Social Sciences-Political Science and International Relations

CiteScore

1.30

自引率

0.00%

发文量

期刊介绍： The Journal of Comparative Asian Development (JCAD) aims to offer the most up-to-date research, analyses, and findings on the many aspects of social, economic, and political development in contemporary Asia conducted by scholars and experts from Asia and around the world.