Research On The GEM Listed Company Performance Before And After IPO And Influencing Factors

Introduction of the GEM provides a good financing platform for SMEs, solves the financing problem for some SMEs,breaks through the bottleneck of lack of development funds for SMEs,and enhances the growth of SMEs to large companies confidence and hope.However,After through the GEM,the development of enterprises does not mean it will be smooth sailing or steady progress or no worries. After the GEM Listing, SMEs would like to develop their own by GEM,Actually,Performance of companies listed on GEM is the decline after the IPO.As we know,Good or bad performance of the company is a key element to measure the success of the GEM,so It is very important to understand which factors led to the decline in performance of GEM companies after IPO for the development of enterprises and the improvement of the GEM.Firstly,Clarify the research background and significance of the thesis,analysis of relevant research home and abroad,and identify research ideas and methods.Secondly,Brief description of the meaning of the GEM and IPO effect,and measure of corporate performance indicators,From the perspective of economics,management and finance to elaborate the theoretical basis of the GEM IPO effect.thirdly,From the perspective of both the market and the enterprise itself,to analysis of Factors Influencing about Changes in performance of companies listed on GEM before and after the IPO,Simultaneously,to study GEM-listed companies,collect sample data and finishing the data,Statistical analysis of the sample companies IPO performance, On this basis, Empirical Analysis on the scale of financing and the availability of venture-backed to impact on the performance of the IPO,and build a model and regression analysis. Finally, After full consideration factors of changes in performance of companies listed on GEM Before and after IPO, from government regulators and the enterprise itself, Put forward the corresponding countermeasures for improving performance after IPO.The development companies listed on GEM related to the capital market stability and multilevel nature, Scientific analysis of changes in performance about GEM-listed companies Before and after IPO, And propose targeted improvements, Not only help to improve the country’s economic development but also help to further improve the capital market.