我国创业板上市公司综合成长性评价

现阶段创业板市场正处于一个全面规划和逐步推开的阶段,科学合理的评价创业板上市公司的综合成长性是创业板市场得以健康发展的前提。本文从构建企业综合成长性评价指标体系入手,并以2010年上市的117家公司为样本,选取其2011年和2012年财务数据,采用偏最小二乘法进行实证分析。结果表明：上市公司综合成长性存在差异,传播与文化业上市公司表现突出;其他行业上市公司成长性表现一般。形成这种差异的影响因素主要为成长能力、资金运营能力和企业规模。为此,本文认为应给予企业实适时帮扶政策,加强企业的内部管理,鼓励企业技术创新和成果转化,以提高创业板上市公司的综合成长能力。

An Analysis of the Comprehensive Growth Ability of Listed Company in Growth Enterprises Market in China

At present, the growth enterprise market （GEM） is in a comprehensive plan implemented step by step , the premise of the healthy development of the growth enterprise market is to evaluate the comprehensive growth ability of listed company in GEM scientifically and reasonably .This paper focuses on the GEM listed company comprehensive growth evaluation method and the re -search of the present situation of the gem growth , then constructs an evaluation index system , using partial least squares method to empirical analysis , with 117 companies listed in 2010 as the sample .The result shows that the comprehensive growth ability of listed company in GEM is different .The comprehensive growth ability of listed company of Communication and cultural industry in GEM is perfect , while that of listed company of other industries in GEM is in general;the main factors that cause the differ-ence are the growth ability , capital operation ability and enterprise scale .Therefore , this article holds that real timely assistance policy should be given to the enterprises , strengthen the internal management of enterprises , encourage enterprises to technologi-cal innovation and transformation of achievements in order to improve the comprehensive ability of listed company in GEM .