On The Performance Analysis Of Listed Companies Of China's Electronics Industry

As a representative in the advanced electronics industry production force in China, listed electronics industry companies are born and developed as the result of China's development and merge of market-oriented electronics industry and capital market. The birth and development of the listed electronics industry companies is quite important to the electronics industry restructuring, industrialized management of electronics industry, improving electronics industry products quality and management, upgrading international competitiveness of electronics industry and quickening the electronics industry modernization in China. However, in recent years, a series of problems related to the transitional economic background and historical factors have led to the poorer operation performance, higher risks of the listed electronics industry companies, which has consequently affected the competitiveness and sustained development of the companies. The operation performance of the listed electronics industry companies can reflect their development. Therefore, the objective evaluation of the operation performance of the listed electronics industry companies and the deep analysis the substantive factors of the changes in the performance in the background of transitional economy in China are theoretically and practically vital to understand the development trend of the listed electronics industry companies and improving their operation performance. Based on these ideas, the paper conducts its study.The logic of the study is to objectively evaluate the operation performance and related determinants of the listed electronics industry companies through factor analysis, and score both the individual factors and the comprehensive performance. The study analyzes the substantive factors of the operation performance of the listed electronics industry companies in the background of transitional economy. The study is composed of the following sections:Chapter one: Introduces the background and significance of studying the operation performance of listed electronics industry companies, research purposes, methods, contents, layout and innovations and so on.Chapter two: It reviews the theories of operation performance of the listed electronics industry companies such as operation evaluation, property right and modern contract. It also reviews literatures of operation performance of the listed electronics industry companies.Chapter three: Based on the theory of the second chapter, given the structures of the study, introduces the research methodologies such as factor analysis and so on.Chapter four: The main part of this paper, it has a comprehensive evaluation of the operation performance of the listed electronics industry companies. It describes and analyzes the indexes of the operation performance of listed electronics industry companies on the basis of the financial data. It conducts a factor analysis and comparative study of the operation performance of the listed electronics industry companies in 2004 and 2006. It finally analyzes and concludes the reasons of changing operation performance of these companies.Chapter five: Summing up the main conclusions of this paper, It is also raised the deficiencies departments of the paper and forecast the follow-up study.