吕庆华, 龚诗婕. 2016: 中国体育用品上市公司成长性评价研究——基于2009—2013年数据的分析. 体育科学, 36(1): 49-58. DOI: 10.16469/j.css.201601006
    引用本文: 吕庆华, 龚诗婕. 2016: 中国体育用品上市公司成长性评价研究——基于2009—2013年数据的分析. 体育科学, 36(1): 49-58. DOI: 10.16469/j.css.201601006
    LU: Qing-hua, GONG Shi-jie. 2016: Research on the Evaluation of Sporting Goods Listed Companies Growth in China——Based on the Analysis of the Data from 2009 to 2013. China Sport Science, 36(1): 49-58. DOI: 10.16469/j.css.201601006
    Citation: LU: Qing-hua, GONG Shi-jie. 2016: Research on the Evaluation of Sporting Goods Listed Companies Growth in China——Based on the Analysis of the Data from 2009 to 2013. China Sport Science, 36(1): 49-58. DOI: 10.16469/j.css.201601006

    中国体育用品上市公司成长性评价研究——基于2009—2013年数据的分析

    Research on the Evaluation of Sporting Goods Listed Companies Growth in China——Based on the Analysis of the Data from 2009 to 2013

    • 摘要: 当前,体育用品业正处于蓬勃发展时期,但产业总体规模依然不大,体育用品企业如何成长仍处于摸索阶段。体育用品企业成长既依托企业自身资源和能力,又受环境因素影响。基于企业成长性理论,采用文献研究和专家访谈法甄别影响体育用品上市公司成长性的关键因素;构建成长性理论模型和成长性评价指标体系;收集体育用品上市公司2009—2013年共5年统计面板数据;采用因子分析法综合评价19家体育用品上市公司成长性。研究发现:1)中国体育用品上市公司成长性影响因素主要包括环境因子、资源因子和成长能力因子。在成长能力各因子中,发展能力因子与盈利能力因子所占权重较高,表明资产运营状况和利润空间仍是判别企业成长能力的重要指标;2)综合评价19家样本公司成长性,大多数体育用品上市公司在环境因子、资源因子和成长能力因子3个方面发展不均衡,存在一定地域性差异;3)体育用品上市公司成长性可分为6个类型,分别是平稳增长类型、波动增长类型、平稳保持类型、波动保持类型、平稳负增长型和波动负增长型。

       

      Abstract: Sporting goods industry now is in a boom.However,the overall scale of the industry is small,and how to grow is still in exploration.Growth of sporting goods companies are not only relies on their own resources and capabilities,but also influenced by the environmental factors.Based on the theory of enterprise growth,this paper applied literature review and expert interview to select the key factors that effected the growth of sporting goods listed companies,and then built a model and evaluation system,collected five years statistics panel data from 2009 to 2013to evaluate the growth of 19 sporting goods listed companies by using factor analysis.The result showed that 1)factors that influenced the growth of Chinese sporting goods listed company included environment,resource and growth capacity,besides the factors among the growth capacity,the weight of development and profitability were higher,indicated that operational status of assets and profit margins were still important indicators for discriminating the growth ability of enterprise.2)For the comprehensive evaluation,most companies developed unbalanced in environmental,resource and growth ability,there were some regional differences.3)The growth of sporting goods listed company could be divided into six types like stable growth,fluctuation growth,stable maintain,fluctuation maintain,stable negative growth and fluctuation negative growth.

       

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