Study On Financial Growth Of New OTC Mark Listed Enterprises

The emergence of New OTC Mark is a development opportunity for small and medium-sized enterprises in China to solve the financing difficulties.It is not only a platform for non-listed companies to realize the transfer of shares,but also a platform to optimize corporate governance structure,standardize enterprise financial information and enhance corporate image.What is more important for smes is that the new third board has no rigid requirements on the financial indicators of enterprises,but the growth of enterprise development ability and corporate finance is more important.The exploration of its financial growth can not only find the shortcomings of its own existence,but also help investors to make decisions,and provide the basis for optimizing and perfecting New OTC Mark.Based on the research of firm financial growth theory from domestic to overseas,this paper firstly introduces the present situation and turning plate of New OTC Mark,which lays the foundation for the following content.Then according to the 50 listed firms' financial average data from 2012 to 2016 as the sample,this article will use factor analysis method to carry on the empirical research.According to the order in which the influence intensity weakens in turn,it will get each common factor score and enterprise growth comprehensive score.The results show that growth ability factor,debt paying ability factor,profit ability factor and operation ability factor have influence on growth weight respectively 27.398%,23.761%,16.592% and 11.292%,which the growth ability factor has the greatest influence on the growth of New OTC Mark listed enterprises;The growth ability,debt repayment ability,profitability and operating capacity of New OTC Mark listed enterprises are 30%,33%,60% and 38%.This shows that New OTC Mark listed enterprises have a relatively strong level of profit,but they are in the process of growing up.In the aspect of the comprehensive level of growth,the proportion of enterprises exceeding the average value is 46%,which indicates that the growth score of most enterprises is lower than the average level,and New OTC Mark listed enterprises need to strengthen the construction of growth in the future.Finally,based on the conclusion of empirical analysis,this article will give some suggestions on how to improve the growth of listed enterprises from the aspects of internal and external corporation atmosphere.This article hopes to be regard as the reference material for all market participants.