Empirical Study on Value Strategy in GEM

摘要：

The investment value of companies in GEM has become the focus that many investors concerned about since GEM was established. Based on the philosophy of value strategy, financial indicators reflecting the companys investment value are selected and 143 companies in GEM are accumulated to be samples. The first step is to cluster the samples to identify two types: investment Value and non-investment enterprises. Then discriminant analysis is applied to determine the discriminant function. The results show that in the value strategy in GEM, growth ability should be paid more importance on than solvency and profitability Capacity.

关键词： GEM value strategy cluster analysis discriminant analysis

作者: WU Huixiang

作者单位: College of Accounting, Shandong Institute of Business and Technology, Yantai,China,264005

会议类型: 国际会议

会议名称: The 3rd (2011) International Conference on Financial Risk and Corporate Finance Management(第三届(2011)金融风险与公司金融国际研讨会FRCFM 2011)

会议地点: 大连

会议语种:英文

页码: 361-364

在线出版日期: 2011-06-30（万方平台首次上网日期，不代表论文的发表时间）