Research on the Growth Measurement and Characteristics of Chinese ChiNext Listed Companies

DOI

10.2991/978-2-38476-277-4_5How to use a DOI?

Keywords

Enterprise growth; Growth Enterprise Market; Factor analysis; cluster analysis

Abstract

The article takes 640 companies listed on the ChiNext board as research samples, selects 16 measurement indicators from both financial and non-financial perspectives, and uses factor analysis to evaluate the growth of Chinese ChiNext board listed companies. The second order clustering method is used to classify companies from six dimensions: solvency factor, profitability factor, R&D ability factor, growth potential factor, operational ability factor, and growth score, Explored the growth characteristics of different enterprises. Research has found that the overall level of growth of enterprises listed on the ChiNext board in China is relatively low and there is a significant gap between different enterprises. At the same time, the clustering results show that enterprises listed on the ChiNext board are divided into four types, namely high-speed growth enterprises, conservative growth enterprises, innovation potential enterprises, and risk decline enterprises. The study revealed the problems of enterprises listed on the ChiNext with different growth characteristics, and proposed corresponding suggestions to improve their growth, providing certain reference and reference for China’s ChiNext listed enterprises to achieve sustainable growth.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jiaxian Huang
PY  - 2024
DA  - 2024/09/02
TI  - Research on the Growth Measurement and Characteristics of Chinese ChiNext Listed Companies
BT  - Proceedings of the 2024 10th International Conference on Humanities and Social Science Research (ICHSSR 2024)
PB  - Atlantis Press
SP  - 28
EP  - 36
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-277-4_5
DO  - 10.2991/978-2-38476-277-4_5
ID  - Huang2024
ER  -