The Effects of Market Value Management on Listed Companies in China
The reformation of equity-split on April 29,2005,has promoted market value management and its smooth progress has created the necessary conditions for market value management. With the purpose of stabilizing and enhancing corporate market value and realizing stockholders wealth maximization,the market value management be comes especially important for all listed companies.This paper begins with the general introduction of market value management including its definition,contents and performance evaluation systems,appraises the best 100 market value management listed companies during 2007-2008. Secondly,this paper analyzes the benefits of the market value manage ment on the Guizhou Maotai which has gained great achievements on mar ket value management.Thirdly, this paper discusses how the listed companiesfinancial management objectives,performance evaluation sys tems,corporate governance,profitability,financing efficiency,merging, acquiring and restructuring are affected by the market value manage ments.Lastly,this paper points out the problems existing in firms mar ket value management at present and makes some feasible suggestions for strengthening market value management.
Market value management Listed companies Performance evaluation Investor relationship management
Peng Lan Luo Honghui
School of Accounting, Zhongnan University of Economics and Law School of Accounting,Zhongnan University of Economics and Law
国际会议
2008 Sino-Australia International Conference on Accounting and Finance(2008中澳会计与财务国际学术研讨会)
武汉
英文
1-40
2008-10-31（万方平台首次上网日期，不代表论文的发表时间）