| The growth enterprise market begins In2009, which provides a benign financing platform for small and medium enterprises, especially high-tech enterprises. Besides, it breaks up the single situation of Chinese capital market and perfects the market structure gradually. With the thriving of growth enterprise market, small and medium enterprises are benefit from the effective and direct financing channels. And the increasing of transition also leads to the growing demand of assessment for growth enterprise market. Assets valuation is involved in many economic behaviors, such as: the IPO of listed companies, merger and reorganization, stock rights transfer and pledge of assets. During several years, domestic growth enterprise market develops continuously. With the expanding scale and increasing quantity of listed companies, the figure of transaction shows an upward trend based on aggrandizing transaction and merge. And the urgency of researching the method of growth enterprise market assessment is evident.Due to the short-period foundation, the growth enterprise market is characterized by high profits, higher speed and higher risk. It is situated in a higher development rate, which involves high-tech enterprises and emerging industry especially. Growth enterprise listed companies have significant difference with traditional mainboard—listed company, especially in assessment the enterprise value, which is caused by the limitation of traditional methods. Therefore, how to choose an object method to assess the value of growth enterprise is vital for the investor and enterprise itself.After analyzing the growth enterprise market, this thesis combines the advantages and disadvantages of REVA and the features of growth enterprise, which is based on the achievement of researching the index of REVA in domestic and worldwide. Comparing with the traditional assessment method, this thesis puts the assessment model into practice to analyze the rationality of REVA with the case of eastmoney.com. |
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