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使用因子分析法对2011年中国公用事业类上市公司绩效进行综合评价。使用面板数据模型分析各因素对公司财务绩效的影响,发现现金及现金等价物净增加额、经营活动现金流量净额、应收账款周转率、总资产、股东权益合计(含少数股东权益)、年度报酬总额、前3名高管报酬总额和股权集中度对总资产净利率的影响都不显著。资产负债率、总资产周转率和股价对总资产净利率影响为正且显著。
Use factor analysis to make a comprehensive evaluation on the performance of China’s public utilities listed companies in 2011. The panel data model was used to analyze the impact of various factors on the financial performance of the Company. The net increase in cash and cash equivalents, net cash flow from operating activities, turnover of accounts receivable, total assets and shareholders’ equity (including minority interests) The total amount of annual remuneration, the total remuneration of the top three executives and the degree of ownership concentration have no significant effect on the net interest rate of the total assets. The asset-liability ratio, total asset turnover ratio and share price have a positive and significant effect on the net asset ratio of the total assets.