中国家电上市公司基于企业价值的战略集团划分

根据企业主要产品(主要为彩电、冰箱、洗衣机和家用空调)和战略空间,选取18家家电上市公司,在1998—2000年的时间段内,运用基于企业价值的战略集团划分方法,选取测度企业财务价值的企业财务比率和测度企业市场价值的股票价格涨幅的余差作为战略变量,通过方差协方差分析、因子分析和聚类分析在我国家电产业上市公司中划分出3个与产业实际情况基本吻合的战略集团·研究发现我国家电上市公司中确实存在战略集团,且基于企业价值的战略集团划分方法能适用于当前我国经济转型时期的产业战略集团的划分·

Strategic Groups Classification on China's Household Appliance Enterprise

By the method of classifying strategic groups based on enterprise value,financial ratio and stock price were selected as strategic valiable. The strategic groups of listed companies in Chinese household appliance industry were identified by the analysis of co variance and cluster with the data of 18 listed companies manufacturing color TV,refrigerator,washing machine and air condition in 1998-2000. Three strategic groups were identified, the features of which are consistent with the characteristic of the industry. This study indicates that strategic groups exist exactly in Chinese household appliance industry, and the method of classifying strategic groups based on enterprise value is applicable in the stage of transition economy.