| The growth rate of firm is one of the most important indicators to measure the value of listed companies. Firstly, this paper reviewed the theory of the growth of the firm and the empirical researches of the evaluation model of the growth rate. These theoretical and empirical findings of these studies are the theoretical basis for the main reference of this paper.This paper is based on the classic theory by Penrose, the theory of the growth of the firm, to select the appropriate financial indicators and non-financial indicators. Then construct an appropriate quantity evaluation model of the growth of an enterprise by using factor analysis. After calculating the growth rate of the sample companies, their growth rate can be sorted.Using the data of growth rate calculated by factor analysis, this paper analyzed the industrial characteristics of the sample companies' growth rate, and conducted the regression analysis of volatility of stock prices as independent variables. This paper used SPSS 15.0 and Excel to carry out several statistical analyses, and draw two relevant conclusions.(1) The differences of the growth rate can be significantly interpreted by industries.(2) The differences of the volatility of stock prices can be significantly interpreted by industries.(3) There is a significant positive linear correlation between the growth rate and the volatility of stock prices.(4) There is a significant positive correlation between the growth rate and the companies' scale.(5) There is a significant positive correlation between the growth rate and the companies' asset-liability ratio. |
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