Research On The Growth Evaluation Of Listed Enterprises In The New Third Board Construction Industry

The construction industry is a production department specializing in civil engineering,housing construction and equipment installation,as well as engineering survey and design work.The construction industry is not only an important material production sector,but also a pillar industry of the national economy,and it plays an important strategic position in the national economic system.The listed companies in the construction industry have experienced 19 years of hardships in China.After the listing of construction companies in the 1990 s,they experienced a tortuous exploration period.Since 2001,listed companies in the construction industry have entered a stable period of regulation.After the introduction of the New Third Board policy,the construction industry is very active.The listed construction company is the vanguard and advanced representative of the construction industry.Researching the growth of listed construction companies can identify key factors that affect their growth,thereby facilitating the acceleration of the economic globalization of construction companies.Sustainable development under the “unfavorable”environment of rapid development of information technology and increasingly fierce competition in the construction market.The New Third Board aims to provide a financing platform for high-tech and high-growth companies,and tries to provide solutions to solve the problem of financing difficulties for SMEs.With the official establishment of “National Small and Medium Enterprise Share Transfer System Co.,Ltd.” in January 2013,the number of listed companies in the New Third Board is increasing,and the new three board market is also prosperous.The listed companies are widely distributed and the market transactions are changing.Very active.The New Third Board does not impose rigid requirements on the financial indicators of all listed companies.It focuses on the company's growth,which is the most obvious and key point that distinguishes it from the main board,small and medium-sized board,and the GEM.After the company's listing,investors are most concerned about the company's growth,growth can not only help investors make effective investment decisions,but also an important indicator of the company's management to grasp the company's operating conditions.Therefore,it is necessary to conduct a specific analysis of the company's growth.The evaluation of corporate growth has always been a difficult problem.So far,no universal and unified evaluation system has been formed in the academic circles.The growth of an enterprise is influenced by both external factors and internal factors.External factors are uncontrollable and cannot be measured by specific indicators.Therefore,starting from internal factors – financial growth.In the empirical studyof the relationship between financial growth and corporate growth,the financial indicators of financial statements are used to explore growth potential,because the company's overall operating conditions,profitability,etc.are reflected in the financial statements.The selection of 14 financial indicators affecting the listed companies in the New Third Board construction industry as a raw variable for factor analysis can better reflect the internal factors-the impact of financial growth on the growth of the company.At the same time,in order to analyze its growth more comprehensively and comprehensively,six growth rate indicators were calculated.Compared with the existing research results in China,there are some insights in the following aspects:First,internal factors-financial growth determines the growth of the company.Contradiction is the driving force and source of the development of things.The internal cause is the fundamental factor,and the external cause is only the auxiliary role.The growth of a company is influenced by various factors.Among these many factors,financial growth is the easiest to find a suitable indicator.Second,the research object is newly added.Financial indicators can reflect the overall situation of the company,but there are differences in different industries and different sectors.Although there are a large number of research results on the growth relationship between financial indicators and listed companies in China,there are some missing objects and necessary research.Based on this,the construction industry listed companies that choose the new three boards are valuable and meaningful for the research objects.Third,the study draws new conclusions.The problem of corporate growth is actually a question of economic development,and growth has become an objective indicator of the development of enterprises.How to recognize and evaluate the growth of a company is of great significance to the sustainable development of the company in the future.From the perspective of corporate growth,this paper explores the relationship between financial growth and the growth of listed companies in the new three-board construction industry,and draws new conclusions for reference and reference.There are two shortcomings in the research process: the sample size is too small,and there is no classification study.