东北大学学报(社会科学版) ›› 2014, Vol. 16 ›› Issue (4): 360-365.DOI: -

• 经济与管理研究 • 上一篇    下一篇

中国创业板市场上市公司的聚类分析基于MATLAB的不同财务指标实证研究

刘宏杰1,2   

  1. (1.中南大学商学院,湖南长沙410083;2.唐山湾生态城管理委员会,河北唐山063020)
  • 收稿日期:2013-11-25 修回日期:2013-11-25 出版日期:2014-07-25 发布日期:2014-12-17
  • 通讯作者: 刘宏杰
  • 作者简介:刘宏杰(1973-),男,河北唐山人,中南大学博士后研究人员,主要从事财政政策与经济增长、中国创业板市场研究。①根据深圳证券交易所网站提供的上市公司集资金额一览表中的数据,截止到2013年10月,尚无IPO融资额,参见:http:∥www.szse.cn/main/files/2013/11/04/540674458435.html。
  • 基金资助:
    国家自然科学基金资助项目(71173241);教育部新世纪优秀人才支持计划资助项目CET-10-083)。

Cluster Analysis of Chinas GEM Listed CompaniesAn Empirical Study Based on Different Fiscal Indexes with MATLAB

LIU Hongjie1,2   

  1. (1. Business School, Central South University, Changsha 410083, China; 2. Tangshan Bay Ecocity Administrative Committee, Tangshan 063020, China)
  • Received:2013-11-25 Revised:2013-11-25 Online:2014-07-25 Published:2014-12-17
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摘要: 创业板市场作为多层次资本市场的重要组成部分,对于完善资本市场结构、促进高科技企业和中小企业融资、提高上市公司治理水平等方面具有重要作用。根据目前中国创业板市场上市公司的偿债能力、经营能力、赢利能力和未来发展潜力,计算了355家上市公司的资产负债率、流动比率、净资产收益率、营业收入增长率、总资产周转率等九项基本财务指标,并通过MATLAB软件进行聚类分析。研究表明,中国创业板市场上市公司的行业、产业分布有明显的不均衡性;中国创业板市场上市公司大致可以分为三类;中国创业板市场上市公司的基本财务指标具有较强的相似性。

关键词: 创业板市场, 上市公司, 聚类分析, 财务指标

Abstract: Growth enterprise market (GEM), as an important component of the multilevel capital market, plays a significant role in perfecting the capital market structure, promoting the financing of hitech and small and mediumsized enterprises, and improving the governance level of listed companies. Based on the solvency, management capacity, profitability and growth potential of Chinas GEM listed companies, nine basic fiscal indexes of 355 listed companies were investigated, which include assetliability ratio, flow ratio, ROE, increase rate of main business revenue and total assets turnover. Then, a cluster analysis was given by using MATLAB software, whose findings indicated that there exists an obvious imbalance of trade and industry distribution, Chinas GEM listed companies can be divided into three clusters and their basic fiscal index analysis exhibits a comparatively strong similarity.

Key words: growth enterprise market (GEM), listed company, cluster analysis, fiscal index

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