The Gem Study On Relationship Between Growth And Investment Value Of Listed Companies

October 2009 in the second board formally appeared in the public eye. Gem as the second board market in China, after the junior market’s third largest finance platform is a major component of China’s securities market. Until now China has basically been formed, junior market to the main Board and growth enterprise market and the over-the-counter market in multi-level security market. Many investors enthusiastic about the gem, largely because growth enterprise market with high growth potential, investors management has high expectations for the future. But gem-listed companies with high growth potential and the uncertain future of the distinguished features of the, makes it difficult to determine the growth of enterprises,especially some gem-listed companies prior to listing on the gem showed higher correlation. While corporate earnings came to a standstill after the listing, or even down. This makes people issued the growth of listed companies on the gem in question. How to choose investment enterprises has become a problem in front of investors.Gem development stakeholders have an important impact on the gem, but also on the development of the gem is of important practical significance. For these purposes, we propose two research themes, one is on chinext growth evaluation of listed company in China. Second is the relationship between growth and value are studied. Paper summarizes the growth of the existing literature on the basis of the combination of factors that affect the growth of the gem-listed companies, growth assessment model is constructed. Using evaluation results and indicators of investment value of listed companies for the regression analysis validated the correlation. To demonstrate the growth and value relationships.Of this study is divided into six parts,The first part is an introduction, is mainly aimed at China’s chinext growth decreased in recent years, investors questioned the investment value of the cases put forward the research background and meaning. For study purposes, the meaning and technique and explains the framework. Brief summary of innovation of this paper.The second part is the status of the study. Chinese and foreign scholars ongrowth and value the hackles and the research status. According to the gem-listed companies in our country and presents the research of previous research topics.The third part of the thesis is mainly theoretical analysis of growth and investment value. This section introduces the development of gem-listed companies.Subsequently to the growth of the gem and related introduces the theory of investment value.Part is the evaluation of the growth of the listed companies on the gem. First of all factors affecting the growth of the listed companies on the gem are analyzed. Then select samples and research indicators. Building a growth of the GEM model, listed companies on the gem and then applying factor analysis method to analyze the growth of parameters are chosen, finally arrive at the comprehensive growth factors of listed companies and analyze it according to the composite score.Last part focuses on growth and empirical analysis of the investment value of relevance. First of all, listed companies on the gem in a graphic manner the relationship between growth and value make a simple analysis. Through growth and investment value of listed companies on the gem Association analysis, much of them the firm’s growth and investment value of logic. Finally select the future net profit growth, PEE, VEPS and stock price changes as enterprise’s investment value evaluation index. Listed companies on the gem by regression analysis shows that the relationship between growth and value.The sixth part of the conclusions and recommendations section of this article.According to previous empirical studies come to the conclusion of this study, and secondly, from the point of view of investors-related investment advice is given.Concludes with a lack of research in this article.After this study got some valuable research, to promoting the stable development of gem-listed companies and market is of great significance. Meanwhile, growth and investment value of the gem study will help investors to make accurate investment.But also a number of shortcomings, mainly on the theory of investment value and growth-related research lacks a certain depth. On the variable selection may not be comprehensive. This is where the future needs to improve.