摘要证券公司在资本市场中起着重要的中介作用，有希望逐渐成为经济的重要力量。如何对证券公司的综合竞争力进行衡量和分析，以达到科学比较，相互借鉴，从而提升公司竞争力的目的，已成为证券公司、监管部门和投资者关注的问题。然而一直以来，我国证券业的规模在整个金融体系中，其经营业绩所占的比例相对较小，往往受到市场环境的影响波动较大。现行的评价标准大都采用单指标评价法，具有一定的局限性，运用综合评价法对中国上市类证券公司综合竞争力进行研究具有积极的意义。在此基础上，本文以2015中国10家上市证券公司的财务数据为样本，采用主成分分析法提取出影响上市证券公司竞争力的综合财务指标，并对公司效益进行了排名和分析。综合研究证券公司的效益，以全面衡量业绩评分。基于这样的分类与比较，我们发现我国上市证券公司整体效益水平不高，大多数处于低效状态，并存在两极化现象，在国有大规模背景情况下的证券公司表现较好。86868

毕业论文关键词:主成分分析；上市证券公司；面板数据；综合绩效；分析预测

Abstract  The securities company plays an important intermediary role in the capital market, there is hope becoming an important force in the economy。 Objective How comprehensive competitiveness of securities companies were measured and analyzed in order to achieve scientific comparison, learn from each other, so as to enhance the competitiveness of companies, it has become an issue of securities companies, regulators and investors。 All along, however, the scale of China's securities industry throughout the financial system, the proportion of its operating performance is relatively small, often subject to volatile market conditions。 The current evaluation criteria were powered by a single index evaluation method has some limitations, the use of comprehensive evaluation of Chinese listed securities company comprehensive competitiveness study has a positive meaning。 On this basis, the paper 2015 China 10 listed securities company's financial data for the sample, extract the influence of listed securities company competitive and complex financial indicators using principal component analysis, and the effectiveness of the company were ranked and analyzed。 Comprehensive study of securities the company's efficiency, a comprehensive measure performance ratings。 Based on this classification and comparison, we find that China's listed securities company's overall level of efficiency is not high, most of the state is inefficient, and there is a polarization phenomenon in large-scale state-owned background of securities companies performed better。

Keywords: principal component analysis; panel data;; comprehensive performance of listed securities companies; analysis and forecast

目  录

第一章  绪论 2

1。1  研究背景2

1。2  国内外研究现状及存在的问题3

第二章  主成分分析法4

2。1  基本原理 4

2。2  基本思想 4

2。3  主要步骤 5

第三章  步骤与分析 6

3。1  衡量指标的选取 6

3。2  主成分选取与模型构造 7

3。3  上市证券公司综合绩效评价应用分析10

3。4  上市证券公司综合绩效预测  11

第四章  结论与建议 12

致    谢 13

参考文献 14

第一章   绪  论

1。1研究背景

证券公司是股票上市公司连接普通投资者的关键环节，在我国资本市场中起着重要作用。证券上市公司经营效益的高低直接影响资本市场的发展，投资者的利益和股票上市公司的融资渠道。因此，研究影响证券上市公司经营效益的因素及对其的预测显得尤为重要。本文主要针对我国证券业上市公司和资本市场的特殊性，从盈利能力、安全性、增长性等方面出发构建出一个全面的绩效指标体系，对我国证券业上市公司的整体经营水平进行综合评价，并提出了提高证券公司绩效的建议和对未来的预测。