The Analysis On How Some Factors Influence The Efficiency Of State-owned Investment Companies

With the establishment of market economy of china, it accelerates the germ of the investment industry, which was essential product of the productivity development. However, as deepening the reforms of state investment and financing system and coming forth investment companies, it encourages the investment industry to come into being. With the development in recent 20 years, the state-owned investment companies in China, which stands for the investment industry in china, have greatly expanded in its quantity and capital scale. And they play a very important role in perfecting the market, leading the civilian invest and promoting the reform of state-owned investment companies and so on. As we all know, investing the equity investment by operating capital is the main channel of state-owned investment companies in China. By holding stocks investing or participating in the management of the project, the state-owned investment companies share the income of the project and get good returns from the equity investment. For the state-owned investment companies, identifying whether the equity investment is in good conditional principally based on the efficiency the equity investment which is how about the input-output of the equity investment. The performance of state-owned investment companies depends on the efficiency of all equity investment. So it becomes an important research topic that which factors effect the invest efficiency and the extent of state-owned investment companies.Taking it as a point, by reviewing the development situation and the current condition of domestic and foreign state-owned investment companies, the paper emphases on state-owned investment companies stockholder's rights investment effect, studying the major effect factor towards the manage achievement through the real diagnosis of state-owned investment companies and analyzing the main question of state-owned investment company currently which faces to the implementation stockholder's rights project investment process. In analysis, the paper makes search for and obtains major influencing factors of the efficiency of equity investment, snatching the project enterprise finance condition by using the analytic hierarchy process the target coefficient first, carrying on the statistical analysis through the measurement economic to each essential factor, obtains the influence state-ownedinvestment company stockholder's rights investment the efficiency, and proposes the state-owned investment companies' development mentality on this foundation in the period of transition.Basing on the conclusion ,the paper provide some advices to develop the state-owned investment company, and the research direction.The creative point of the paper is as follows: in research method, it adopts hierarchical analysis method, combining the empirical analysis and theoretical analysis, in the deep research of investment companies' equity investment efficiency; in content, it makes analysis on the investment behavior of state-owned companies, to be specific, arising the main factors influencing the capital operating revenue of state-owned investment companies, attempting to prove it in the empirical case, which is the relatively new stage in the research field of state-owned investment companies and where the breakthrough of the paper lies on.