我国创业板上市公司价值创造能力分析

The Analysis of the Ability to Create Value of Chinese Companies Listed on GEM

随着资本市场的壮大,越来越多的企业将目光更多的投向企业的价值创造上。在这样的背景下,本文利用EVA指标对创业板30家上市公司的价值创造能力进行了分析。通过分析得出以下结论:创业板上市公司整体价值创造能力不高;EVA值受公司公盈利能力的影响;适当的负债比列可以提高EVA。进而对我国创业板上市公司提出提高盈利能力、增加债务资本、加大研发投入等建议,从而提升其价值创造能力。

With the growth of capital markets, more and more companies focus on investing in enterprise value creation. In this context, the paper uses EVA to indicate the value creative abilities of 30 companies listed on GEM. By analyzing it reaches the following conclusions：the value creativity of overall companies listed on GEM is not high; EVA is affected by company profitability; appropriate debt ratio can improve EVA. Furthermore GEM listed companies can enhance their ability to create value by improveing profitability, increasing debt capital, or increasing investment in research.