Research On The Impact Of Financial Competitiveness On Firm Value Based On Structural Equation Model

With the continuous rising of house prices in China,the heat of the real estate industry is increasing,which makes the real estate industry attract a lot of investment.The number of real estate enterprises is increasing rapidly,and the rapid development of the real estate industry also leads to more intense competition in the market.As an important part of the core competitiveness of enterprises financial competitiveness,put forward the financial competitiveness,make the financial concept to a new height,make the enterprise internal financial eyes gradually pay attention to enhance the quality,in order to revitalize the assets,through the adjustment of capital structure,increase the efficiency of resource use,gain competitive advantages,and constantly improve the enterprise competitiveness.At present,the real estate industry has bid farewell to the stage of rapid development,in the background of steady slowdown in China's economy,how to evaluate and give full play to the competitiveness of corporate finance;tax to keep the core competitiveness of enterprises,and gradually improve the enterprise value,enterprise management has become a hot concern.Based on this,this paper attempts to establish structural equation modeling,clarify the impact of financial competitiveness on enterprise value,and provide some theoretical basis and suggestions for business management.In this paper,the real estate listed companies as the research industry,based on the structural equation model of the financial competitiveness of the enterprise value of research and analysis.This paper first reviews the relevant literature at home and abroad about the financial competitiveness,the enterprise value and the relationship between the domestic and international financial research on the impact of financial competitiveness on the value of the enterprise to understand and summarize the impact of financial competitiveness on the enterprise value and structure Related theory and mechanism of action to define and summarize;Second,introduce the basic theory of structural equation model,and put forward relevant hypotheses to build the model of the impact of financial competitiveness on the enterprise value;Then introduce the real estate industry background and select samples and indicators.Based on the above literatures,theories,assumptions and indicators,the structural equation model is used to analyze the operation results of the model and to modify it according to the results so that the model fitting degree is optimized.In addition,this paper studies the indirect impact of financial competitiveness on the enterprise value by taking the core competence as an intermediate variable,and studies the difference of the impact of financial competitiveness on the enterprise value based on the multi-group structural equation using the property rights of the enterprise as the adjusting variable.The results show that financial strategy,financial resources and financial ability have a significant impact on the enterprise value.The main components of financial competitiveness have a significant impact on the core competitiveness;The core competitiveness has a significant impact on the enterprise value;When the property right of the enterprise is the regulatory variable,The impact of each element of financial competitiveness on the value of the enterprise is significantly different.Finally,according to the research results for real estate listed companies to provide recommendations for reference.