An Empirical Exploration And Evaluation Model On The Investment Value Of Chinese Listed Companies

How to reflect the intrinsic value of Chinese listed companies becomes a core problem of all the supervisors and investors. And at the same time, in order to complement the deficiency of traditional research, a novel evaluation model on the investment value of Chinese listed companies are constructed based on a reasonable and scientific index system in which macoscopical, industry and behavior finance factors are taken into account. In this paper, FUZZY, ANN, PCA are applied to this empirical exploration. The results show us 4 points: Firstly, the applications show our model is both practical and capable. Secondly, the event window analysis method is used to evaluate the marcoscopical, industry and behavior finance factors that affect the listed companies, which greatly improves the validity of the model. Thirdly, this paper applied non-linearity research method: ANN, whose validity is higher than the traditional evaluation methods. At last, investing decision-making critical model is proposed. So that using this model, investors can make a wise decision for investment while saving his running cost and the investigating cost.