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Research On Performance Evaluation Of Low-carbon Technology Listed Companies

Posted on:2019-01-22Degree:MasterType:Thesis
Country:ChinaCandidate:X GaoFull Text:PDF
GTID:2359330542494050Subject:Applied statistics
Abstract/Summary:PDF Full Text Request
With the aggravation of environmental pollution and the shortage of resources,the Low-Carbon Economy gradually replaces the traditional energy economy with a low energy consumption and low pollution-based development.The concept of development of a Low-Carbon Economy has become a commonly accepted concept of moral values in contemporary society.In our country,since the introduction of the concept stocks of the low-carbon economic sector in May 2009,it has become a hot spot for investors.Therefore,the listed companies under the plate also ushered in the opportunities and challenges.The objective and reasonable performance evaluation of listed companies in the Low-Carbon Economy plate,understanding the current situation of the enterprises and putting forward the direction for improvement are an effective way to enhance the competitiveness of the companies.How to correctly use the information materials to conduct a scientific evaluation of the performance of listed companies in the Low-Carbon Economy plate is issue both in theory and reality that highlights its necessity and importance.Different corporate performance evaluation methods have their own advantages and disadvantages,such as the balanced scorecard method taking into account the long-term strategic goals and short-term performance indicators,but its main body is only the enterprise itself,is not suitable for the analysis of the entire industry.The text is compared with other evaluation methods through factor analysis and data envelopment analysis,and the basic data envelopment analysis method suitable for multiple input-output and the data envelopment analysis after factor analysis are selected.By analyzing the characteristics of the performance of listed companies in low-carbon economy,select the appropriate decision-making unit,establish the input and output index system,determine the basic data envelopment calculation model,and build a complete low carbon economy plate listed companies performance evaluation method.In this paper,the 60 companies listed in Shanghai and Shenzhen Stock Exchange as the research object.Taking the 2016 financial statements as the data basis,this paper analyzes the performance of the listed companies in the 60 low-carbon economic sectors by using the method selected in this paper.Through the analysis,we can conclude that the overall stability of listed companies in low-carbon economy is not strong,the investment is large and the profit is low.At the same time,through the evaluation results,it gives the value and direction of improving the input and output index of the boss company so that it can reach the ideal performance level in the future.Based on the analysis results and the development trend of low-carbon economy in the future,some suggestions are put forward for the development of low-carbon economy listed companies in our country.
Keywords/Search Tags:low-carbon economy, factor analysis, data envelopment analysis, performance
PDF Full Text Request
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