Research On Financial Performance Evaluation Of Expressway Listed Companies Based On Principal Component Analysis

In recent years,the financial problems of Expressway listed companies are gradually exposed,the ratio of assets to liabilities is gradually increasing,the financial risk is constantly improving,and the maintenance and operation costs are rising year by year.How to make the enterprise sustainable and steady development has become the primary problem of the industry,and the construction of highway enterprise performance evaluation system can make managers more objectively realize the problems existing in the enterprise development.The author studies the financial performance of Expressway listed companies,which is helpful for enterprises and investors to understand the operation results of enterprises,and help enterprise managers and investors to take correct measures,so as to promote the development of enterprises and safeguard the interests of investors.This paper takes China’s highway listed companies as an example,from the perspective of non controlling corporate shareholders,studies its financial performance evaluation system.This paper first reveals the research background and significance,research content,research methods,summarizes the financial performance evaluation system and evaluation methods at home and abroad,summarizes the basic situation of Expressway enterprises and listed companies and the necessity of financial performance evaluation.Then,this paper establishes the financial performance evaluation index system of listed expressway companies based on the perspective of non controlling corporate shareholders.On this basis,this paper uses the principal component analysis method to make an empirical analysis on the financial performance of 17 Listed expressway companies in China from 2016 to 2018,and puts forward some countermeasures and suggestions from the two aspects of non controlling corporate shareholders and listed expressway companies.The paper has the following characteristics: first,it has pertinence and practical value from the perspective of non controlling corporate shareholders;second,when determining the influencing factors of financial performance evaluation of listed Expressway enterprises,it breaks through the traditional choice of financial indicators and combines the concerns of non controlling corporate shareholders;third,it uses the method of combining theoretical and empirical analysis to construct the financial performance evaluation system and then use it Principal component analysis.