Study On Evaluation System Of China's Listed Company

Along with development of economic, China's securities markets are constantly expanding in scale. The quantity and quality of listed companies have significant upgrade. The proportion of listed companies in the national economy is growing. But while rapid development in the securities market, the listed companies have frequently appeared financial swindle. Therefore, the scientific evaluation system of listed company will play an increasingly important role in guiding investor's investment and standardizing managers' operations.Firstly, this article discusses the theory sources of evaluation system of listed company; it is composed by the relevant theory, the support theory and the core theory. Secondly, this article summarizes the development of foreign evaluation system of listed companies. The evaluation system models of listed companies will be divided into three categories: financial evaluation models, economy value added evaluation model and balance evaluation model; Once again, this article analyzes the authoritative evaluation system of list companies currently in china. By analyzing major issues of Chinese evaluation system of listed company and refer abroad experience of evaluation system of listed company, this theory establishes an evaluation system of listed company to adapt to the conditions of our country quality evaluation system. This evaluation system of listed companies extends from the financial performance evaluation of company to the evaluation of corporate governance and corporate management capabilities. Finally, the use of this empirical analysis of the evaluation of listed companies analyzes thirty listed companies to test the integrated evaluation system of listed company.The new evaluation system of listed companies is not only considering quantitative financial indicators, but also considering the non-financial qualitative indicators. It changes the evaluation system of listed company from the original unilateral evaluation to multi-angle, multi-level comprehensive evaluation of the overall quality of listed companies.