The Empirical Study On The Influence Of The Level Of The Listed Companies Growth To Performance

With the rapid development of national economy, the listed company plays amore and more important role in the whole economic society, the listed companies hasbecome the main force that reflect the state of the economy, it is occupied theimportant position in the capital market. The performance and the growth level oflisted companies that have important position in the national economy also became afocus in the study of the theory and practice. On the one hand, the scholars study itseffect on the performance of enterprise activities from different organizational formsof enterprises, made a lot of research for the influence factors of performance andpositive exploration. On the other hand, as the capital market matures, people caremore about the company’s growth level, the company growth level as a long-termgoal, also gradually become the hotspot in theory research.On the whole,this paper is divided into five parts, the first part is introduction,introduces the research background and significance of this paper, research status ofthe influence of the growth level of the listed company performance, and brieflydescribes the research methods and innovations of this article. The second part is thestudy of the theory of the company growth level and performance, including thegrowth level, influence factors, evaluation methods, and the concept of performance,performance characteristics and the content,and method of the primary measure ofperformance. The third part is the growth level of listed companies influence onenterprise performance theory analysis and put forward the hypothesis. The fourthpart is the empirical part of this article, the selection of281listed companies inShanghai stock exchange from2003to2012,10years of data as sample in this paper，For growth level of listed companies, using factor analysis and regression analysis theinfluence of the growth level of performance of listed companies, the final empiricalanalysis conclusions: In the relationship between growth level and performanceof listed company;(1) the level of negative growth positively relate to the enterpriseperformance;(2) the stable growth level positively relate to and enterpriseperformance;(3) the stable growth level is negatively relate to the enterpriseperformance. Companies in the level of stable growth and performance to the steadygrowth.The fifth part for the above research results are summarized, and pointed outthe research limitations in article.