Strategic Research On The Financial Policy About Maintening Value Of Listed Crporation

With proposing of the new " Nine Policies of State Department ",market value management are written to the national file for the first time and once again becomes the focus of capital markets, many listed companies and institutions use malicious dealer means harm the interests of small investors, in this " market management hotline ", how legitimate, reasonable maintenance market is particularly important.Shares of formed in is big degree Shang relies on with investors for company development of expected, according to signal passed theory, company of financial policy will to market release on company development situation of signal, listed company to market changes for reference, using financial policy and market maintenance method to market passed positive information, makes market can awareness enterprise real of inner value and to out reasonable evaluation, makes market value reasonable reflect inner value is paper to research of focus.This paper selected liquor industry of leading enterprise Wuliangye Yibin Co.,ltd and Kweichow Moutai Co.,L td for cases, to EVA value assessment model estimates two home enterprise of value hòu found Wuliangye Yibin Co.,ltd of inner value was serious underestimated, according to signal passed theory to compared analysis Wuliangye Yibin Co.,ltd and Kweichow Moutai Co.,L td of financial policy and market maintenance zhī jiān of relationship, found Wuliangye Yibin Co.,ltd yet formed market management of strategy thinking, financial policy zhī jiān lack tie effect, no through financial policy to market release good of signal, led market failed to to out reasonable of evaluation. This paper is divided into five parts, the first part of the introduction, describes the background and significance of the article. Part II reviews the efficient market hypothesis, theories of value management, signal theory, illustrates the market maintains relationships with market management, and explain the reason for market value analysis from the angle of financial policies to maintain. Third part explains the research methods, case selection, and data sources. Part IV is the focus of the article, Wuliangye Yibin Co.,ltd and Kweichow Moutai Co.,L td comparative analysis of financial policy, including the policy, investment policy, dividend policy and financing for working capital policy. Part v on the inspiration of this article.