本文關(guān)鍵詞： 創(chuàng)業(yè)板 上市公司 EVA值　出處：《遼寧大學》2014年碩士論文　論文類型：學位論文

【摘要】：當前，科技創(chuàng)新正在成為各個領(lǐng)域發(fā)展不可或缺的重要力量，如何在軍事、經(jīng)濟、科技等方面不斷創(chuàng)新以便為國家發(fā)展提供支持，已經(jīng)成為大多數(shù)國家亟需解決的大問題。為了支持國家創(chuàng)新力量的發(fā)展，解決科技創(chuàng)新型企業(yè)融資難的難題，歷經(jīng)無數(shù)波折的創(chuàng)業(yè)板市場終于在2009年10月23日推出，首批28家公司于月末開始上市交易。創(chuàng)業(yè)板的推出為我國更多的中小企業(yè)發(fā)展科技提供了資金支持，，同時也為風險投資提供了便利的退出途徑，也使我國資本市場的結(jié)構(gòu)更加完整。由于民眾對創(chuàng)業(yè)板的發(fā)展都寄予了厚望，創(chuàng)業(yè)板首批上市28家公司的發(fā)展是否符合人們的期望，這些公司是否在朝著更好的方向發(fā)展，都是大家所關(guān)心的問題。研究創(chuàng)業(yè)板上市公司IPO前后績效的變化，觀察公司上市前后績效是上升還是下降，對于創(chuàng)業(yè)板的長遠發(fā)展與風險防范非常重要。 本文采用經(jīng)濟增加值法對首批上市的公司在上市前后的績效進行分析，本文的基本結(jié)構(gòu)如下：第一部分包括文章的研究背景及意義，關(guān)于上市公司IPO融資績效的文獻綜述以及本文的主要研究方法及創(chuàng)新和不足。第二部分是對首批創(chuàng)業(yè)板上市公司基本情況進行簡要介紹，使大家能夠更加了解首批上市的28家公司的具體情況，比如說企業(yè)性質(zhì)、行業(yè)和地域分布、股權(quán)結(jié)構(gòu)、風險投資參與情況等。第三部分介紹EVA的計算過程以及調(diào)整方法。第四部分主要是運用經(jīng)濟增加值法分析首批創(chuàng)業(yè)板上市公司IPO融資績效，得出28家公司業(yè)績在上市后平均下滑的結(jié)論，之后又按照不同的情況進行了分類研究。第五部分分析公司IPO后業(yè)績下滑的原因，根據(jù)原因提出相應(yīng)的對策建議，以幫助創(chuàng)業(yè)板更快更好的發(fā)展。
[Abstract]:At present, scientific and technological innovation is becoming an indispensable and important force in the development of various fields. How to continuously innovate in military, economic, scientific and technological fields in order to provide support for national development. In order to support the development of national innovation power, to solve the problem of financing technology innovation enterprises. After numerous twists and turns, the gem market was finally launched in October 23rd 2009. The first batch of 28 companies began to go public at the end of the month. The launch of the gem has provided financial support for more small and medium-sized enterprises in China to develop science and technology, but also provided a convenient exit path for venture capital. It also makes the structure of our capital market more complete. Because the public have high expectations for the development of the gem, whether the development of the first 28 companies listed on the gem accords with people's expectations. Whether these companies are moving towards a better direction is a matter of concern. To study the performance changes of gem listed companies before and after IPO, observe whether the performance of companies before and after listing is rising or declining. For the gem long-term development and risk prevention is very important. This paper uses the economic added value method to analyze the performance of the first batch of listed companies before and after listing. The basic structure of this paper is as follows: the first part includes the research background and significance of the article. Literature review on the IPO financing performance of listed companies, as well as the main research methods, innovations and deficiencies. The second part is a brief introduction to the first batch of gem listed companies. So that you can better understand the first batch of 28 listed companies, such as the nature of the enterprise, industry and geographical distribution, equity structure. The third part introduces the calculation process and adjustment methods of EVA. Part 4th mainly uses the method of economic added value to analyze the IPO financing performance of the first batch of gem listed companies. This paper draws the conclusion that the average performance of 28 companies declined after listing, and then according to the different circumstances of the classification study. 5th part of the analysis of the reasons for the decline in the performance of the company after the IPO. According to the reasons put forward the corresponding countermeasures to help gem faster and better development.
【學位授予單位】：遼寧大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F832.51

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本文編號：1458814