The Empirical Research Of Value-driving Factors Of Chinese Port-listed Companies

Due to the investment during period of the 10th five-year, Chinese port industry is now in a great environment of development. In securities market, port-listed companies are getting more and more attention. The article researches the driving factors of the value of the public companies in port industry of China in statistical method, using empirical data.First, the article reviews the research results on the influencing factors of corporation value made by domestic and alien researchers, including the summary on the development of the theory and model of the corporation valuation, and the summing-up on domestic research results.Second, being based on the review about development of Chinese port industry, the article summaries the present actuality in Chinese port industry. Descriptive analysis is implemented, regarding the whole port-listed companies as a whole and covering the aspects of assets, liabilities and profits.Third, correlation analysis is applied to the driving factors of port-listed company value in the article, the correlation between company value and factors, which includes profitability, operation ability, ability to service debt, scale, capital structure, company shares, locations, etc. Then by the method of Stepwise regression, the article applies multi-regression analysis to the driving factors of Chinese port-listed companies, and constructs the valuation model of Chinese port-listed companies.At the end, according to the empirical results, a short summary is made about how to value the port-listed company and suggestion on how to invest on the port-listed company is provided. The shortages of article and future research direction are listed.