Study on the Risk of Gem Stock and the Company’s Operation

DOI

10.2991/aebmr.k.210409.037How to use a DOI?

Keywords

Growth Enterprise Market, Risk Management, Factor Analysis

Abstract

On October 30, 2009, the China Growth Enterprise Market was officially listed, mainly to provide financing channels for startup companies. Compared with the main board market, the Growth Enterprise Market market tends to have more relaxed listing requirements. It can be said that the Growth Enterprise Market is a stock market with low barriers to entry, high risk, and strict supervision. It is also a cradle for incubating entrepreneurial and growing companies. However, the scale of GEM companies is not large, and their operating performance is unstable, resulting in greater stock risks. Therefore, the research on GEM stock risks is particularly important. However, domestic research on the factors affecting the risk of Growth Enterprise Market is insufficient and cannot provide guidance for risk avoidance. The influencing factors of stock risk are divided into macro and micro aspects. In order to study some of the factors that affect the risk of the Growth Enterprise Market, this paper analyses the relationship between the risk of the Growth Enterprise Market market and the business conditions. This article selects the data of the Growth Enterprise Market stocks in 2019, uses factor analysis to comprehensively study the operating conditions of the enterprise, and calculates the stock risk, and uses regression analysis to get the relationship between the two. After research, the risks of Growth Enterprise Market stocks are positively correlated with the operating risks of listed companies. While studying the characteristics of the Growth Enterprise Market, this article provides a reference for estimating the risks of the Growth Enterprise Market market and uses the Growth Enterprise Market data to provide a reference for the study of science and technology stocks. According to the research, the government should strengthen the regulation of information disclosure on the Growth Enterprise Market, and at the same time strictly supervise the Growth Enterprise Market, to provide investors and enterprises with a better investment environment.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Runhe Song
AU  - Chengyi Pu
PY  - 2021
DA  - 2021/04/12
TI  - Study on the Risk of Gem Stock and the Company’s Operation
BT  - Proceedings of the 9th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2020)
PB  - Atlantis Press
SP  - 236
EP  - 240
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210409.037
DO  - 10.2991/aebmr.k.210409.037
ID  - Song2021
ER  -