Research On The Driving Factors Of Enterprise Value Of Growing Listed Companies In The Loss State

At present,the proportion of loss-making companies around the world continues to increase,loss of the company more and more become a group can not be ignored.There have been many scholars through research confirmed that the company’s profitability will be investors as an important information to determine the value of the company.Generally speaking,the company’s profitability is stronger,the more will be favored by investors.However,some of the loss of listed companies are also optimistic about the capital market,such as the object of this study Jingdong Group.So,why investors are optimistic about the development prospects of these loss companies,and what factors affect and determine the value of the company,and what are the potential drivers,This is the key issue in this paper.The study of corporate value is mainly based on the concept of accounting profit,that the value of enterprises and earnings are positively related.Later,with the scholars of the study,recognizing the weak correlation between profit and corporate value.Which led to the study of the value of the loss of the enterprise,the current research on the loss of the enterprise is mainly in the financial and business difficulties of the value of the relevant research.However,there is little research on the value of growth listed companies in the state of loss,so,this paper intends to take the Jingdong Group as a case to study the driving factors of the value of the growth-oriented listed companies,By exploring the factors that drive the value of their companies are those who help investors through the appearance to determine the intrinsic value of the enterprise,rational investment.And also to enable enterprises to strengthen their own management,know the reasons for its loss and value drivers,continue to maintain its core strengths,reasonable and sustainable development,as soon as possible to turn around.Finally,I hope to provide some reference and inspiration for the study of the value’ of listed companies in the growth period.Through the Jingdong Group as an example of in-depth analysis of research,to explore the growth of listed companies can get a high market value,the market is optimistic about the reasons for recognition,that is,driving the value of such enterprises is the following six factors:the business model innovation.The role of R&D spending in promoting the development of the enterprise,the choice of the enterprise strategy,the positive effect of the capital structure on the reversal of the loss and the promotion of the investor’s confidence and the influence of the special event disclosure.These factors are the fundamental cornerstone of the future profitability of enterprises,is the potential of enterprises,is the guarantee of future revenue,it is an important reference to determine the value of the growth of the loss of listed companies.Based on these drivers to make recommendations to the relevant parties,Investors should change the traditional concept of investment.For regulators,it is necessary to strengthen the disclosure of voluntary information on growth-taking listed companies.On the enterprise itself,the need to strengthen their own management,as soon as possible profitability.