创业板上市公司投资价值评估问题研究

Research on the Evaluation of Investment Values of Listed Companies on GEM

本文基于2017年创业板736家上市公司主要财务指标的截面数据,首先利用小提琴图对各企业的财务状况进行简单描述统计分析,之后运用RStudio软件建立二元Logistic回归模型,分析其盈利能力、偿债能力、运营能力、成长能力对于企业投资价值的影响情况。研究结果表明:不同企业的盈利能力、偿债能力、运营能力与成长能力等因素对企业是否具有投资价值有显著影响。最后,针对投资者如何选择更优企业进行投资提出对策建议。

Based on the cross - sectional data of the main financial indicators of 736 listed companies on GEM in 2017 ,the violin plot is used to briefly describe the financial status of each company. Then RStudio software is adopted to establish a binary Logistic regression model to analyze the impact of several factors including profitability, solvency, operational capacity and growth capacity on the investment values of enterprises. The research results show that these factors have a significant impact on whether different enterprises have investment values. Finally, countermeasures are proposed for investors to choose better companies to invest.