Study On The Performance Evaluation Of Listed Real Estate Enterprises In China

The real estate industry is the pillar industry of our national economy, It is closelyrelated with the whole economy, on the one hand, the real estate industry’s speedydeveloping driving related industry flourishing, on the other hand, whether it can keepcontinuous developing affected by economy developing. The GDP developing speedhaving declined from2012as well as the real estate industry competing intensely, sowhether they can successfully treat the two kinds of pressure relate enterprise own fate, italso influence investor、creditor and common people. So it is important to know realestate enterprise performance to find problem and then solve it.This thesis contains5chapter. The first chapter is introduction. It elaborates thethesis’ topic background and studying meaning. Then it briefly presents the thesis’studying contents and methods, and at last it explains the thesis’ innovation andshortage.The second chapter is enterprise performance assessment theory basis. This thesisstudies in enterprises performance and performance assessment connotation, enterpriseperformance assessment indicator system, enterprise performance assessment methodthree field. Then this thesis gives its own views and choose after summarizing previousstudying.The third chapter is the developing present situation of our county real estateindustry. This thesis elaborates real estate industry and enterprise developing presentsituation in the whole macro perspective, among the first sector it contains our country’sreal estate developing course and current traits.The forth chapter is the thesis’ empirical section. The thesis chooses93enterprisesin Shanghai and Shenzhen stock market majoring in real estate business besides ST,*STenterprises as studying object and indicator data all come from Hexun.com database.Then the thesis uses factor analysis method to assess samples on indicator system built inthe second chapter. At last the thesis implements cluster analysis method in whichvariables are public factors got previously.The fifth chapter is the thesis’ conclusion and countermeasure. The thesis concludestop10in total performance and one-side performance in Shanghai and Shenzhen stock market, enterprise performance modal class in Shanghai and Shenzhen stock market, realestate public enterprises performance distributing in pyramid shape, public enterpriseinternal performance developing unbalanced, public enterprises debt ratio being so high.Then the thesis proposes corresponding suggestions in macro and micro two sides.This thesis chooses all condition satisfying enterprises in Shanghai and Shenzhenstock market. Sample range broadly and it has high representative. The innovation of thisthesis is the paper simultaneously chooses factor analysis and cluster analysis twomethods, analyzing our country’s real estate public enterprises performance currentsituation systematically and deeply. As the sample capacity being large and the restrictionof author energy, the author could not research each enterprise to find internal causesexplaining why one enterprise has high or low performance scores, and this is also theshortage of this paper.