文档介绍：河北大学
HEBEI UNIVERSITY
创业板首批 28 家上市公司成长性研究
Classified Index: CODE:10075
: NO:46010011006
A Dissertation for the Degree of Master of Business Administration
Study on Growth of the First Batch of 28 GEM
panies
Candidate:shilixin
Supervisor:luoyong
Academic Degree Applied Master of Business Administration
Specialty: MBA
University: HEBEI UNIVERSITY
Date of Oral Examination: June,2013
I
II
III
2009 年 10 月 30 日,创业板在经过长期的酝酿和准备后首批 28 家公司正式
上市,为高新技术企业和高成长型中小企业上市融资提供便利。创业板主要是为
了解决中小企业融资难和高新技术产业化步伐缓慢的问题,有助于有潜力的中小
企业获得融资机会,促进企业的发展壮大。创业板市场在我国起步较晚,发展尚
不成熟,因此对创业板上市公司的成长性进行研究,具有较高的现实意义。本文
阐述分析了企业成长理论及其演变,对企业成长性指标进行了分析,对创业板市
场的发展历程进行了回顾,分析了创业板市场对高科技企业发展的作用,对中国
创业板市场和美国纳斯达克市场从上市规则、上市行业和对上市公司的作用等方
面进行了分析比较。本文旨在回答如何正确理解创业板上市公司的成长性、哪些
因素会影响它的成长性、中外创业板市场的发展和区别等问题,这对于促进创业
板健康成长、帮助投资者理性地分析和投资具有重要的实践意义。在以上研究的
基础上,分别从市场建设、投资者角度和监管层面为提高创业板公司成长性提出
建议,希望在促进创业板上市公司不断发展的同时,推动我国创业板市场健康发
展。
创业板上市公司成长性政策建议
IV
Abstract
On October 30, 2009, after a long period of preparation, the Growth Enterprises
Market (GEM) was launched with the first batch of panies officially listed, to
facilitate public financing for high-tech enterprises and high-growth small and
medium-sized enterprises (SME). GEM is to solve the financing difficulties for
SMEs and the slow growth of high-tech industries, to help SMEs access potential
finance opportunities and promote the development and growth of enterprises. GEM
market had a late start in China, and the development is not yet mature. Therefore
the study of the growth panies listed on GEM is of high practical significance.
This paper describes the analysis of enterprise growth theory and its evolution,
business growth indicators, reviews the course of development of the GEM market,
analyzes the role of the GEM on the development of high-tech enterprises. It also
provides an analysis parison of GEM