Title :
The Researches on the Evaluation System of Investment Value of Listed Companies on the GEM Based on VaR
Author :
Wang Bao-sen ; Li Juan
Author_Institution :
Sch. of Econ., Beijing Wuzi Univ., Beijing, China
Abstract :
The global financial crisis hastened the development of the Shenzhen GEM is a venture capital a key link in the chain, force the development of SME financing difficulty in resolving the issue. As a new thing, there is a higher risk of GEM. In view of the characteristics and specific risks of Growth Enterprise Market (GEM), this paper measures the market risk of 28 listed companies on the GEM by use of VaR techniques, and introduces VaR into the company´s evaluation system of investment value, so it provides a set of effective evaluation method for investment value analysis of companies on Shenzhen GEM.
Keywords :
investment; risk analysis; SME; Shenzhen GEM; VaR techniques; evaluation system; global financial crisis; growth enterprise market; investment value; value at risk; venture capital; Companies; Cost accounting; Gaussian distribution; Indexes; Industries; Investments;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5578209
