Study On Value Creation Of Road And Bridge Listed Companies From The Perspective Of Factor Allocation

Now,China’s economy has changed from the pursuit of rapid development to the pursuit of high-quality development,and the primary feature of high-quality development is to enhance the value creation ability of the company.The internal path to enhance the value creation ability is to improve the efficiency of its factor allocation.In the current context of China’s pursuit of high-quality development,the road and bridge industry,as the hub of China’s national economy,will also usher in a critical period of development.Therefore,it is of great significance to analyze the factor allocation of China’s road and Bridge listed companies and explore the internal path to enhance the ability of value creation in order to promote the overall high-quality development of the road and bridge industry and promote the transformation of China’s economic development mode It is of great theoretical and practical significance.This paper selects the road and Bridge listed companies as the research object.Firstly,it summarizes the research background,research status at home and abroad,and related theoretical concepts,so as to provide enlightenment for this study.After that,this paper analyzes the value creation ability of 18 road and Bridge listed companies by calculating the value-added amount,and further measures the contribution rate of capital,labor and technology to the valueadded amount of the company;finally,this paper analyzes the current situation of capital deepening,labor distribution relationship and total factor productivity of road and Bridge listed companies and their impact on the value-added amount of road and Bridge listed companies This paper analyzes the influence of the value creation ability of the city company,and puts forward some reference countermeasures according to the research results.The results show that: the growth rate of value-added of road and Bridge listed companies is not stable,and the ability of value creation needs to be improved;capital,labor and technology all contribute a lot to the company’s value-added,but the contribution of capital decreases year by year,and the contribution of technology increases year by year;in terms of capital,excessive capital deepening leads to the decline of capital productivity,and inhibits the company’s ability of value creation;in terms of labor,the contribution of capital decreases year by year,and the contribution of technology increases year by year The distribution of labor and capital is unreasonable,and the improvement of salary level is conducive to the improvement of value creation ability;in terms of technology,the improvement of total factor productivity promotes the improvement of value creation ability,and the contribution of technological progress to total factor productivity is greater than that of technical efficiency.Therefore,from the perspective of factor allocation,it is suggested that road and Bridge listed companies should control the deepening of capital and improve the quality of service In order to improve the company’s value creation ability,we should improve the labor and capital distribution,improve the salary level and the speed of technological progress.