Research On The Evaluation Of Enterprise Growth In NEEQ

Since NEEQ’s expansion in 2013, the number of listed companies has been increasing so rapidly that the NEEQ market has been experiencing an unprecedented boom, among which innovative and high-tech enterprises are the most active and dynamic components.Nevertheless, it’s worth noticing that the majority of listed companies are coming from emerging industries, including information technology, high-end manufacturing, bio-pharmaceutics,etc., thus both their growth capacity and development potential has been becoming the focus issues in the market. Meanwhile, with an easy access, a large number of medium small and mico-sized enterprises have listed on the NEEQ. In view of uneven developments and high risks, how to properly evaluate enterprises’ growth has been a great challenge.Based on the above-mentioned facts, this paper, collecting information from NEEQ-listed enterprises, made an attempt to explore and discuss a proper growth assessing model to adapt to the market. In the first place, comphrehensive analysis on the NEEQ market and listed companies should be made as essencial parts according to the growth theories of the relevant enterprises from all over the world. On the basis of the analytical results by using qualitative analysis and correlation analysis, a whole set of evaluating criterias had been presented, of which such criterias as management capability, innovation capability, development capability, market expectation and enterprise scale are significantly important. After that, a comprehensive growth assessing model based on the catastrophe progression method had been introduced. With this new model, 465 sample NEEQ-listed enterprises had been analysesed and evaluated, which results indicated that information techonology enterprises accounted for the highest propotion with the most serious development problems, while the lowest proportion came from pharmaceutical industry but with healthier development. In addition, market-making enterprises have better performance in growth than transferred enterprises, while enterprises with high protencial put more focus on segment markets. At the end of the paper, both final conclusions and further advices had been provided.