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Research On The Financial Performance Of L Private Listed Company Based On PPP Mode Operation

Posted on:2022-06-30Degree:MasterType:Thesis
Country:ChinaCandidate:Y Q ZhaoFull Text:PDF
GTID:2492306308487124Subject:Accounting
Abstract/Summary:PDF Full Text Request
China’s economy is growing steadily,and public projects of all kinds,from infrastructure to environmental protection,are increasing in different parts of the country to meet people’s richer needs.In the second context,because of the long revenue cycle of public infrastructure investment and the increasing burden of government finance,PPP has become an indispensable cooperation model to solve the financing and management problems in the public service sector.Since 2014,with the popularization of PPP model,more and more public projects in China have started to face the public with PPP model,such as PPP precision poverty alleviation,PPP old-age industry,Belt and Road,etc.,the efficiency and quality of public services have been greatly improved.More and more enterprises adopt PPP operation mode to put their business into PPP operation mode.In this paper,L Company is selected as the research object.Firstly,this paper introduces the relevant contents of PPP project with relevant theories,understands the relevant introduction of PPP operation mode,and introduces its advantages and development history,meanwhile,it also introduces some risk points of PPP project,and defines the related concept index of enterprise financial performance.Then,list the financial index data from 2015,when L company transformed into PPP operation mode,this paper analyzes the financial performance of l company under the PPP mode from four aspects of the financial performance,namely,the operating ability index,the solvency index,the profitability index and the development ability index,through the quantitative analysis of dupont analysis system,it is concluded that PPP model is helpful to improve the operation and profitability of enterprises,but enterprises still face great pressure of short-term debt repayment,using the regression analysis model to carry on the quantitative analysis,the research enterprise PPP project operation cost ratio and the business income ratio to L company financial performance influence,the correlation between explanatory variables and corporate financial performance isdetermined by Coefficient relation.The conclusion of this paper shows that the PPP model has a positive effect on the financial performance of l company and has a positive effect on the growth and development of l company.However,there are also bottlenecks for L-company to improve its financial performance under PPP mode,such as high asset-liability ratio,difficulty in recovering accounts receivable,pressure on short-term solvency,limited improvement in operating capacity,etc.,for the sustainable development of company L’S PPP model and other social capital can effectively improve the financial performance under the operation of PPP model,this paper proposes that enterprises should choose high-quality PPP projects,to grasp the norms of PPP system,strengthen the risk prevention and control mechanism of PPP project,select the industry field which is more suitable for its own development,strengthen the training of professional talents,and so on,so as to improve the financial performance under the PPP operation mode,so that enterprises to further improve the PPP model to provide a reference.
Keywords/Search Tags:PPP mode operation, Financial performance, L company
PDF Full Text Request
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