我国零售业上市公司发展指数研究

摘要

The authors construct retail listed corporation development index with the help of Principal Component Analysis and the panel data of listed corporations in China’s retail industry from 2008 to 2014. The research shows that,first,the development level of listed corporations in China’s retail industry maintains a stable situation after the decline in 2008 and the rise later. Facing the impact brought by e-merchant,the retail industry is seeking the new way-out and point of growth;and the external pressure also brought the retail industry with incentives to enhance their strength. Second,most of the related enterprises pay only attention to scale expansion,but not the improvement of quality. Third,in the context of severe market,the enterprises has improved their capacity for operation and inventory management;but because of the impacts of adverse factors,the enterprises’capacity for profit-earning and management on sale has been reduced.%文章采用2008—2014年我国零售业上市公司的面板数据，利用主成分分析法构建了我国零售业上市公司发展指数。研究表明：第一，我国零售业上市公司整体发展稳定，自2009年出现大幅下降之后又有所发展，近年来一直保持稳定，面对电商的冲击，零售业正在找寻新的出路和增长点，外部压力也带来了零售业自身实力的增强。第二，企业普遍存在只重视规模增长、不重视质量提高的问题。第三，在严峻的市场环境下，企业的营运能力、存货管理水平都有所提高，但受市场环境不利因素的影响，赢利能力和销售管理水平有所下降。