Value creation capacity, Enterprise Performance and Corporate Governance:Evidence from Chinese Listed companies on GEM

摘要：

Since been opened on October 2009, high income and high risk is characterized by the coexistence of the GEM. What the major social concern is how to enhance their core competitiveness and the enterprises’ value to keep a sustained high growth. In this paper, we find out the factor of the value creation ability in company. Furthermore, we intend to apply EVA analysis system to the value creation capacity assessment of GEM listed companies. Empirical evidence from listed companies on GEM indicates that: the profitability of enterprises, the proportion of large shareholders and the board size and other factors have a significant impact on its value creation capacity.

关键词： GEM Value Creation EVA

作者: Shu GONG Yongli CHEN

作者单位: School of Accounting, Chongqing Technology and Business University, Chongqing, P. R. China

会议类型: 国际会议

会议名称: 2011 Fourth International Conference on Business Intelligence and Financial Engineering(第四届商务智能与金融工程国际会议 BIFE2011)

会议地点: 武汉

会议语种:英文

页码: 381-385

在线出版日期: 2011-10-17（万方平台首次上网日期，不代表论文的发表时间）