Research On Market Value Management Of Listed Companies Based On Value Creation

Market value management of listed companies has become an inevitable trend when the reform of non-tradable shares was completed.The paper lucubrates deeply on the driving fator which influenced the market value management of listed companies based on the comprehensive analysis of the relevant theory foundation.And with China's household electrical appliance industry listed companies from 2005-2009 as the sample. The relevant analysis, factor analysis and multiple regression analysis,make the firm's profitability, profit efficiency, profit growth, turnover rate, asset scale and industry status, tradable ratio, institutional ownership ratio as the classfication standard.Here are some conclusions from the research:The correlation between profitability.asset scale and market value is positive strong, make the most significant market effect.But many factors such as profit efficiency which should correlate strongly with market value have a week ralated situation.The external factors such as industry status get strong correlation,market capitalisation effect is remarkable.But the market capitalisation effect of tradable ratio, institutional ownership ratio is not significant which showing that the efficiency of our capital market needs improving.