摘要
本文对355家创业板上市公司进行了三个时间维度的实证研究。结果表明,创业板上市公司是否引入私募股权,无论是在发行首日或是2012年年末,其对于证券市场投资者的投资热情并无实际影响。引入私募股权投资对企业的盈利能力有正面的提升,而对企业的营运能力有着负面影响,反而企业的偿债能力与私募股权投资的关系呈不显著。
This article has conducted an empirical study on the dala of 355 Growth Enterprises Market in China by three dimensions,which includes the IPO day.the publishing day of 3rd Quarter Account in 2012 and the end of 2012.The Empirical study results have showed that whether the listed companies in GEM has supported by PE has no effeet on the passion of the stock inve.stors.By the empirical study of 3rd Quarter Account in 2012.we discover that PE has positive impact on the profit earning ratio,hut a negative effect on the operating;ability.and no strong relation lo the asset—lialuhtv ratio.At the end of the article,it is pointed out that we should have a right attitude towards PE.and try lo lead it to increase the enterprise value.
出处
《财会通讯（下）》
2013年第9期57-61,共5页
Communication of Finance and Accounting
基金
上海市教委科研创新项目(项目编号:09YS354)
上海市教委重点学科上海对外贸易学院产业经济学学科(项目编号:J51205)阶段性成果
关键词
后危机时代
私募股权投资
创业板上市公司
企业价值
Post financial crisis era
Private equity
Listed companies on growth enterprises marke
Enterprise value
