Research on Growth Evaluation of Sci-Tech Innovation Board Listed Companies Based on Factor Analysis
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DOI: 10.23977/ICEMGD2020.074
Author(s)
Chongming Liu, Yingjie Teng
Corresponding Author
Yingjie Teng
ABSTRACT
The growth of Sci-Tech Innovation Board listed companies directly affects the sustainable development of the board. It is obviously incomplete to evaluate the growth only from internal financial factors. The non-financial factors outside the company are more important. This article constructs a comprehensive growth evaluation index system including financial and non-financial indicators. They are policy support, industry development potential, market prospects, technology and innovation, financing capacity, and earnings growth potential. The first 25 listed companies on Sci-Tech Innovation Board were used as samples. Empirical analysis was performed on sample data by factor analysis, and comprehensive factors affecting growth were extracted. Finally, the growth of Sci-Tech Innovation Board listed companies was scored and ranked.
KEYWORDS
Sci-tech innovation board listed companies, growth evaluation, factor analysis method