An Empirical Analysis Of The Impact Of Corporate Financial Indicators On The Growth Of Listed Companies In SSE Scitech Innovation Board

It is innate that small and medium-sized enterprises(SMEs)have high growth.Therefore,according to the principles of economics and finance,they should instinctively attract capital to develop themselves and carry out corresponding production activities.However,it is actually a universal problem that SMEs are facing financing difficulty.Since the beginning of reform and opening up,China's banking industry has played a significant role in promoting the growth of the scale of the country's development,but the banks' assistance in the development of SMEs is relatively weak,especially in our country for this very moment.In this new era,China's economic development model has been transformed from high growth to high-quality development paradigm.SMEs are the main force in the transformation of China's economic development,especially for the technological innovation enterprises.Therefore,the reasonable diversion of capital market funds in our country will help the further prosperity of capital market and the further development of economy.In this situation,considering the complex economic environment at home and abroad,SSE STAR(Sci-Tech Innovation Board)Market came into being.There are quite a lot of scholars' research and theoretical results show that growth is the key to the long-term development of small and mediumsized technological innovation enterprises.Therefore,we need to pay attention to the growth,which is the reason for choosing this thesis.We reviewed the operation mode of capital market and the development theory of venture capital,and discussed the current situation of enterprise growth.We have studied many reports of organizations and institutions in detail and found that there are a large number of financing gaps in a wide range of countries and regional economies in the world.Relevant scholars summarized the important role and indispensable role of SMEs in economic development.We discussed the influence of financial structure and capital structure on the development of an enterprise,especially the SSE STAR Market enterprise.We also cite Modigliani Miller's theorem and other scholars' opinions on its support and refutation.We pay focus on the new market sector of SSE STAR Market,and discuss its market positioning,the reasons for its establishment,relevant reform and innovation measures and the existing problems.After analyzing the relevant characteristics of SSE STAR Market,combined with the existing research on the analysis and discussion of enterprise growth,we also made a relevant empirical analysis of enterprise growth.The process of our empirical analysis includes the selection and establishment of the comprehensive growth indicators of SSE STAR Market enterprises,and the explanation of the comprehensive growth evaluation indicators with the capital structure of enterprises.We find that the proportion of current assets,the proportion of fixed assets and the overall scale of the enterprise in the capital structure of the enterprise have a good fit for explaining the comprehensive growth of the enterprise.The statistical analysis results verify our conjecture,that is,scientific and technological enterprises should pay attention to whether their asset structure meets the needs of long-term development,and the asset composition structure of enterprises has an important significance for the long-term development and growth of enterprises.