摘要：创业板的开启使中小企业和新兴公司拥有了更加广阔的发展空间，为它们提供了新的融资途径，融资渠道也更加通畅。随着国家对科技创新创业越来越重视，颁布了许多扶持中小企业的政策，创业板上市公司成为了中国经济发展的主力军，所以探究创业板上市公司的盈利能力及其影响因素尤显重要。69197

本文从企业规模、资产结构、财务风险与资本结构、营运能力、研发能力、成长能力5个方面出发，选取了5个变量作为可能影响创业板上市公司盈利能力的因素，包括总资产、有形资产比率、资产负债率、总资产周转率、净利润增长率。选用了江苏省创业板29家上市公司2012至2014年三年的截面数据作为样本数据，通过实证分析，发现总资产、净利润增长率、总资产周转率、有形资产比率与每股收益呈正相关。最后针对结论对提高江苏省创业板上市公司的盈利能力提出自己的意见。

毕业论文关键词：创业板；盈利能力；影响因素；多元回归分析

An Empirical Analysis on the GEM Profitability of Listed Companies in Jiangsu Province and Its Influencing Factors

ABSTRACT：GEM has opened up new financing channels for medium-sized and small enterprises and start-up company, which has created a greater development space for them. With the state technological innovation and entrepreneurship support, and introduction of a number of supporting policies of small and medium-sized enterprises, GEM listed companies become the main force of China’s economic development, thus, it is particularly important to research and analyse the GEM listed company’s profitability and its influencing factors.

The paper from the five aspects as the following enterprise scale, asset structure, financial risk and capital structure, operating capacity, research and development ability and growth competence in , selecting the 5 variables as possible influencing factors on the GEM profitability of listed companies, which include total assets, tangible assets ratio, asset liability ratio, total asset turnover, net profit growth rate. The cross section data of 29 listed companies from 2012 to 2014 in Jiangsu province were selected as sample data,  the paper via empirical analysis to find out the influence factors and its influence degree of the profitability of the listed companies. Finally, putting forward own views for improving the profitability of the GEM listed companies.

Key Words: GEM；profitability；influencing factors；multiple regression analysis

目   录

摘要 Ⅰ

Abstract Ⅱ

目录 Ⅲ

一、绪论 1

（一）研究背景与意义 1

（二）创业板地位和作用 1

（三）创业板特点 2

二、文献综述 3

（一）上市公司盈利能力国内外研究现状 3

（二）本文研究思路及研究假设 4

三、创业板上市公司盈利能力的实证分析 6

（一）变量选取与模型建立 6

（二）样本的选取及数据来源 7

（三）实证结果 7

四、结论及建议 11

（一）研究结论 11

（二）相关建议 12