Research On The Relationship Between Financial Growth And Corporate Value In Software Service Industry

With the advent of the information economy,the development of software industry from the focus on functional competition,technology competition,price competition product competition era to the service competition stage,and with its service structure gradually improved,the software service industry has become one of the most vitality of the important industries,in economic development occupy an increasingly important position.Under the condition of market economy,whether the enterprise can maintain sustained and stable economic growth and realize the preservation and appreciation of equity capital is very important for the survival and development of enterprises.And to do this,managers must first know which indicators are an important factor affecting the value of the company will promote the growth;and investors focus on investment is a focus on the company’s future development,the company’s financial growth.Based on this,this paper will focus on the growth of companies in software services,with a view to further analysis of the financial growth in improving the company value.This paper first reviews the literatures of financial growth and corporate value both,and then reviews the industry characteristics of the software service industry.From the theory of enterprise value maximization and the theory of enterprise growth,the paper analyzes the financial The Importance of growth to corporate value.This paper chooses the data of the A-share software service industry listed companies from 2013 to 2015,and analyzes the financial growth of the software service company.The regression analysis shows that the financial growth of the company is related to the company’s value.The research found that:(1)the financial growth of the software service company has a positive effect on the value of the company;(2)the company scale and the company value related degree is negative,the debt level and the company correlation degree is negative,(3)to study the relationship between financial growth and corporate value change,the empirical results show that the degree of financial growth and corporate value of the value-reducing companies in the software service companies is higher than that of the corporate value growth companies;(4)the relationship between financial indicators and changes in corporate value found that regardless of the value of the company when the end of the year relative to the same period last year growth or decline,with the Tobin Q value,the operating income growth rate and Q value is positive correlation;when measured by stock price,the growth rate of intangible assets is the only indicator of the significance test.