An Empirical Study on Competiveness of Chinese Medicine Industry Listed Companies Based on Factor and Cluster Analysis
10.11842/wst.2014.03.006
- VernacularTitle:基于因子聚类分析的中药产业上市公司竞争力实证研究
- Author:
Yan SHU
;
Renze WU
- Publication Type:Journal Article
- Keywords:
Chinese medicine enterprise;
competitiveness;
factor analysis;
cluster analysis
- From:
World Science and Technology-Modernization of Traditional Chinese Medicine
2014;(3):490-495
- CountryChina
- Language:Chinese
-
Abstract:
Chinese medicine industry is the new strategic industry with comparative advantage in China. To achieve modernization of Chinese medicine, improving the competitiveness of Chinese medicine enterprise is an inevitable choice. Based on the method of factor analysis and cluster analysis, this article measured and analyzed the competi-tiveness of 42 Chinese medicine listed companies by using the data of year 2012. The result showed that the com-petitiveness of Chinese medicine enterprises was mainly affected by three factors, which were scale of operation, profitability efficiency and growth. The scale of Chinese medicine is small and the large gap of competitiveness ex-its. To enhance the competiveness of Chinese medicine enterprises, this paper put forward corresponding develop-ment recommendations combined with the advantages and disadvantages of Chinese medicine enterprises.
