本文選題：創(chuàng)業(yè)板上市公司　切入點：企業(yè)成長性　出處：《湘潭大學》2012年碩士論文　論文類型：學位論文

【摘要】：深圳創(chuàng)業(yè)板市場已經(jīng)初具規(guī)模，其在我國資本市場中的作用與地位已經(jīng)不容忽視，尤其是它的成長性備受社會各界廣泛關(guān)注。創(chuàng)業(yè)板上市公司成長性指的是創(chuàng)業(yè)板上市公司挖掘自身內(nèi)外潛在資源的能力，其表現(xiàn)形式包括規(guī)模的擴張以及結(jié)構(gòu)的優(yōu)化�？陀^、全面地評價創(chuàng)業(yè)板上市公司的成長性，不僅是創(chuàng)業(yè)板上市公司自我發(fā)展的需要，也是政府規(guī)范市場次序、控制與防范風險的需要，還是公司相關(guān)利益者了解公司發(fā)展狀況與潛力的需要，從而最終促進創(chuàng)業(yè)板及其上市公司持續(xù)穩(wěn)定成長。 本文在研究過程中運用了規(guī)范分析與實證分析相結(jié)合的研究方法。首先，對本文的研究背景、意義進行了闡述，并對國內(nèi)外相關(guān)的研究現(xiàn)狀進行了綜述以及對本文的研究思路和創(chuàng)新點進行了概括；其次，本文進一步對創(chuàng)業(yè)板市場的性質(zhì)和特征進行了總結(jié)以及創(chuàng)業(yè)板上市公司的特征進行了實證分析；再者，本文對創(chuàng)業(yè)板上市公司成長性的概念進行了界定，并且對企業(yè)成長性的影響因素相關(guān)理論進行了回顧以及對創(chuàng)業(yè)板上市公司成長性的主要影響因素進行了規(guī)范分析；最后，本文構(gòu)建了上市公司成長性評價的財務(wù)指標體系，運用因子分析法對深圳創(chuàng)業(yè)板在2011年之前上市的所有信息技術(shù)類公司成長性進行評價，共計31家，并選取了上海主板A股在2011年之前上市且在剔除S、ST股之后代碼最靠后的31家信息技術(shù)類的公司進行對比。 建立在以上的研究工作之上，本文得出如下主要結(jié)論：（1）深圳創(chuàng)業(yè)板和上海、深圳A股主板市場上市公司的行業(yè)分布差別顯著，創(chuàng)業(yè)板上市公司主要分布在信息技術(shù)業(yè)這一新興產(chǎn)業(yè)，而且深圳創(chuàng)業(yè)板上市公司主體以中小型規(guī)模為主，其成長潛力巨大。（2）深圳創(chuàng)業(yè)板上市公司成長性總體上高于上海主板上市公司，主要歸功于其發(fā)展與償債能力總體上強于上海主板上市公司；另一方面，深圳創(chuàng)業(yè)板上市公司的資產(chǎn)運營能力總體上弱于上海主板上市公司，這是深圳創(chuàng)業(yè)板上市公司進一步提高其成長性的一大突破口，，其可挖掘潛力巨大。
[Abstract]:The growth enterprise market of Shenzhen has begun to take shape, and its role and position in the capital market of our country can not be ignored. In particular, its growth has attracted wide attention from all walks of life. The growth of listed companies on the gem refers to the ability of the gem companies to tap their potential resources inside and outside themselves. The forms of growth include the expansion of scale and the optimization of structure. The comprehensive evaluation of the growth of gem listed companies is not only the need for the self-development of gem listed companies, but also the need for the government to regulate market order, control and prevent risks. It is also the need of the stakeholders to understand the development and potential of the company so as to promote the growth of gem and its listed companies. In the course of the research, this paper uses the research method of the combination of normative analysis and empirical analysis. First of all, the research background and significance of this paper are expounded. At the same time, it summarizes the current research situation at home and abroad, and summarizes the research ideas and innovations of this paper. Secondly, This paper further summarizes the nature and characteristics of the gem market and analyzes the characteristics of gem listed companies. Furthermore, this paper defines the concept of growth of gem listed companies. And the related theory of the factors influencing the growth of enterprises is reviewed, and the main factors affecting the growth of listed companies on the gem are analyzed. Finally, the financial index system of the growth evaluation of listed companies is constructed in this paper. The growth of all IT companies listed on the Shenzhen gem before 2011 was evaluated by factor analysis, with a total of 31 companies. The 31 IT companies listed in Shanghai mainboard A shares before 2011 and which have the lowest code after excluding SST-share are compared. Based on the above research work, this paper draws the following main conclusions: 1) there are significant differences in the industry distribution of listed companies in Shenzhen gem and Shanghai and Shenzhen A-share main boards. The gem listed companies are mainly distributed in the information technology industry, which is a new industry, and the main body of Shenzhen gem listed companies is mainly small and medium-sized scale. The growth of Shenzhen gem listed companies is generally higher than that of Shanghai main Board listed companies, mainly due to the fact that their development and solvency are generally stronger than those of Shanghai main Board listed companies; on the other hand, The assets operation ability of Shenzhen gem listed companies is generally weaker than that of Shanghai main Board listed companies, which is a great breakthrough for Shenzhen gem listed companies to further improve their growth.
【學位授予單位】：湘潭大學
【學位級別】：碩士
【學位授予年份】：2012
【分類號】：F832.51

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本文編號：1606116