Companies Listed On Gem Growth Measurement Model And Its Application

The official opening ceremony of China's GEM Board was held in Shenzhen on October 23,2009. GEM is targeted to premote the growth of high-tech SMEs with the characteristic of high-risk, high-return. There is some difference between GEM Board and Main Board, the greatest specificity of GRE Board is its high-growth. There is nobody to research what kind of model to measure its growth until now.This paper selects 59 listed companies in GEM object as a research sample for empirical analysis. The data is from 2006 to 2008.First, the paper measures the growth of sampled companies listed on GEM growth with factor analysis method, and tests the reliability of the model with PE. Then examine the drivers of business growth with the methoed of correlation analysis, analysis of variance and regression analysis in the intensity of competition on the industry, firm size, and degree of equity concentration of growth factors. Finally, the paper offers some suggestions to the company according to the conclusions. Issues listed on the GEM of the study will help the company to increase growth, for the enterprise training GEM has important theoretical and practical significance. In addition, the business growth of relevant research findings, also can be used as various types of investors or other stakeholders to reference and learn from when looking for undervalued stocks.