Investigation Of Listed Companies Multisynthetic Evaluation Indicator System Introduced In Risk Factor

The business enterprise multisynthetic evaluation is an important problem for having overall situation meaning .The enterprise multisynthetic evaluation is to the process and the result evaluation, which has important instruction significance of enterprise's financing, the investment, transport business fund and the dividend management activity. However, in the process of operating and managing, the risk factor exists to enterprise's periphery, affecting the enterprise's management decision-making. Thus multisynthetic evaluation has the important influence to the enterprise. Nevertheless, at present, when carrying on the enterprise multisynthetic evaluation, people often have actually neglected the risk indicator influence. Along with the consummation of the market, the investors are all maturing; they to go on the market the risk which in the company dives saves more and more to take, to hope the multisynthetic evaluation indicator system may summarize the risk in the list companies.This paper elaborated to the related theory about multisynthetic evaluation of the listed companies, including the evolution and the reform of the multisynthetic evaluation indicator of the listed companies and using evaluation system at present. Analyzed the application necessity of the risk factor in the listed companies' multisynthetic evaluation system. Taking the stock price as the independent variable has carried on the VaR method to measure the market risk. Selecting the indicators, which reflect the principal agency risk, the paper conceives a measure model of principal agency risk in principal component analysis method, getting the estimated value of the principal agency risk. Listed company's market risk indicator with the principal agency risk to bring into the enterprise multisynthetic evaluation indicator system, established more perfectly melted into the risk factor to multisynthetic evaluation indicator system of the listed companies. This evaluation indicator system even more could reflect the actual situation of enterprise's produce and management process. Finally, drawing the conclusion through statistics comparison: Melting into the risk factor the multisynthetic evaluation indicator system is more validity than the traditional financial evaluation indicator system. Which can make up the certain insufficiencies of traditional finance evaluation indicator system, and cause the evaluation result to be objective and accurate.