CAJ | 학술논문

以江苏创业板上市公司为研究对象，选取12项关键财务指标，利用2009－2013年度公开财务数据，构建评价江苏创业板上市公司成长性的指标体系，通过因子分析法对财务数据披露完整的26家江苏创业板上市公司进行实证分析，得出影响成长性的公共因子以及各公共因子对公司成长性的贡献率，最后通过计算得出江苏创业板各上市公司的综合得分及排名。研究过程表明江苏创业板上市公司普遍发展良好，成长性较强，没有发现上市公司有业绩“变脸”情况发生。
이강소창업판상시공사위연구대상，선취12항관건재무지표，이용2009－2013년도공개재무수거，구건평개강소창업판상시공사성장성적지표체계，통과인자분석법대재무수거피로완정적26가강소창업판상시공사진행실증분석，득출영향성장성적공공인자이급각공공인자대공사성장성적공헌솔，최후통과계산득출강소창업판각상시공사적종합득분급배명。연구과정표명강소창업판상시공사보편발전량호，성장성교강，몰유발현상시공사유업적“변검”정황발생。
This article is intended to make a comprehensive evaluation on the growth of the GEM listed companies in Jiang-su. We select 12 financial indicators to build the index system of evaluation of the GEM listed companies in Jiangsu from the year 2009 to 2013. Through factor analysis model we come to some common factors affecting the growth and the rates of those common factors contributing to the companies’rate. In the end,we get the score of the GEM listed companies in Jiangsu. The result of the article shows that GEMlisted companies in Jiangsu universal have general good performance with-out abrupt changes these years.