Optimization On Influence Indicators Of GEM Companies

In view of requirements of high-growth on companies GEM IPO, and in the growth stage of enterprise life cycle, more and more companies focus on the growth itself. Evaluation for the enterprise growth, the ability and potential of sustainable development, has become the problem that the company managers and outside investors concerned. Correctly understanding the growth of the enterprise, identifying the indexes affecting the growth, and evaluating the companies growth, are to be studied in the paper.Aim at the30information technology companies on the GEM before2011, based on the analysis of related theory of growth, this paper identifies and optimizes its growth indexes, and evaluates of the growth of the sample companies comprehensively. Based on the evaluation results, suggestions and countermeasures are given about the GEM information technology companies growth improvement. The innovation of this paper lies in:firstly building a measure index system of growth enterprise, starting from the17indicators of technological innovation capability,profit ability, operation ability, solvency and development ability, based on analysis of the financial index,this paper proposes that non-financial index, such as the proportion of research expenditure accounted for operating income, the patent number, and the proportion of bachelor degree or above, are the main criteria for judging the technology innovation ability of enterprises. Secondly, in the validation process of empirical analysis, the average score is not suitable to be the growth level of the threshold, and the median value of the most points as the suitable threshold, according to the2012actual data validation, the effective evaluation rate is100%. Thirdly, the evaluation is verified using actual data.The GEM companies in the information technology market before2011as samples, collected from2010and2011average annual data for empirical analysis, and2012three quarter report dates validate the verification of the results. Finally, through the observation of the empirical results, the company growth ability has the strong relationship with development ability, operation ability and technical innovation ability.This paper, divided into five chapters, studies and optimizes the growth influence indexes on the growth enterprises. The first chapter introduces the research background and significance, research methods and the innovation of the thesis. The second chapter introduces the basal growth theories of enterprises, identifies the growth of enterprise, and explains the effective factors on the the growth. The third chapter selects the growth index, and constructs the evaluation model of growth. The fourth chapter carries on empirical analysis of30information technology companies on the GEM before2011, recognition and optimization of growth factors, and ranking the company’s growth scores. The fifth chapter summaries the results of empirical analysis, and gives some suggestions.