| Since the establishment of China’s securities market in the1990s, especially in recent10years, our country market economy and the financial industry entered a stage of rapiddevelopment. The listed company as the important subject of market economy and thebackbone of the financial industry plays an important role in social economy. Listed companyis the foundation of financial market, it is outstanding in Chinese enterprise groups, and it hasa broader development platform and faster growth than private companies. The change of itsoperating conditions has a great influence on the direction and quality of economicdevelopment in China.Since the establishment of China’s securities market from the last century has developedrapidly, the number of listed companies has grown to more than2300. The listed company hasbecome the backbone of raising funds, optimizing industry structure, allocating resources.However, the development of regional listed companies, both in size and in structure, allshowed great difference.This article is mainly through descriptive statistics and quantitative statistics to study theregional differences on listed company in China. Among them, the development scale,industrial structure, performance, IPO financing ability from four aspects of variance analysis,the main way of using descriptive statistics, the conclusion is: In the two aspects ofdevelopment scale and IPO financing ability, the eastern region of the listed company issuperior to the listed company in central and western region; In terms of industrial structure,the eastern region has the absolute advantage in capital intensive, technology intensive andservice industry, and the central region and western region’s comparative advantage aremainly concentrated in the resources industry, especially in western areas; In terms ofperformance, the eastern region is higher than the central and western regions in terms of netincome, central region have the highest in terms of earnings per share, visible, the centralregion has a comparative advantage in the average return on capital. Economic contributionresearch mainly using the econometric model of panel data analysis, by comparing the degree of impact on regional GDP to number of listed companies, it is concluded that the easternregion of the listed company is the highest contribution to the regional economy. According tothe result of variance analysis, combined with the reasons of the difference, the correspondingproposals are put forward to promote the regional balanced development of listed companies. |
