Research On The Evaluation Of Investment Value And V Ariance Of Market Value For Listed Companies In Textile Industry

Since the1990s, the world capital markets is becoming more and more active and the China’s is also growing prosperous gradually. As a key component of the financial markets, the securities market in each country has played a critical role in the national economic system. Along with the rapid development of the securities market, it attracted and combined the issuer and investors and managers. It enabled companies to raise a lot of money, which is not only directly increase the enterprise’s financing ability and also verified financial product of residents. It changed the situation of direct financing in China and also gradually improved the status of stock market in the national economic system. Stock investment with high return and high liquidity was favored by investors around the world. It was also sought after by domestic investors even in China’s special economic environment. However, factors which can influence domestic stock prices are complicated at the background of China’s special ownership structure and social operation mechanism.Under this circumstance, to evaluate the value of listed companies is particularly important. In mature and effective securities market, to evaluate the value of stocks make the market price of the stock is equal to the intrinsic value and the stock price of large deviation will be found by main market players. What’s more, the changes of stock supply and demand will lead to the agreement of price and value. In the western mature securities market, although the intrinsic value of listed companies and the stock price will act deviation, but the overall trend is consistent. As a result, investors can only guided by the scientific valuation theory to reduce the blindness and speculative and only the stock prices reflect the intrinsic value of the company can make price mechanism effective, which could truly reflect the positive influence of the stock market has made in the development of enterprises and economic growth.There are a lot of scholars that have done different depth and breadth of research in the area of the investment value of China’s enterprises. However, their research mostly focused on macro level such as the construction of model or evaluation and combination of indexes, rarely put an eye on individual investors which were relatively weak in control in the capital market, let alone any research mainly focused their point of interests. By reading and reference predecessors’research, this article will mainly pay attention to the interests of individual investors. To reach this goal, we will summary and evaluate relative references, clearly define basic concepts, build the model and collect data and finally to get corresponding conclusions and suggestions after analyzing.This article will be based on the combination of theoretical and empirical research methods and the overall frame structure is divided into the following six parts. The first part is the introduction, mainly elaborated the topic background, research purpose and significance of this paper, as well as the method and content involved. The second part is the literature review, which would mainly focus on reviews and summaries of domestic and abroad research of investment value of corporation. The third part is the theoretical foil, which would mainly defines the concepts involved in investment value of enterprises, analyze corresponding theory and lay the foundation for following part. The fourth part are research design, data selection and model building which is based on the research of individual angles, setting the stage for further empirical analysis. The fifth part is the empirical analysis, using software SPSS and EVIEWS software to do nonparametric test and regression analysis under the ground of previous work and sort out the relevant results. The sixth part is divided into research conclusions, recommendations and improvement direction. It would mainly sums up the content research conclusions of the empirical results to give investment advice to individual investors both at the angle of macro and micro. At last, we will analyze the deficiencies of the study and point out the improvement direction.