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1、华中科技大学硕士学位论文AbstractThegrowthofacompanyhasbeenthefocusofcorporategovernanceandmarketinvestment.Growthisthesoulofacompany,thelifeofthestockmarketandthedrivingforceofthenationaleconomyinsustainabledeveloping.Itisaveryimportantindicatorforlistedcompaniesint
2、hemeasureofoperatingconditionsanddevelopmentprospects.ForlistedcompaniesinChina,howtosurviveinthefiercemarketcompetition,survivaltodevelopisthegrimrealitywhichcannotbeenavoidbyanycompany.Basedontheevaluationofcorporategrowth,corporatemanagerscanknowthere
3、sultsofcompany’sconditionsbetter,andtoprovidecluestothedevelopmentofenterprises,investorscanmeasureandjudgetheinvestmentrisk,makingrationalinvestmentandreducingerrorstoimproveinvestmentincome.Somestudiesshowthatwithoutthebackgroundofindustry,theresultofb
4、usinessgrowthfactorwillbeconfused.SointhispaperwewillstartfromindustryperspectiveanduseTobinQtovaluelistedcompanies’growth,atthesametime,combinedwithprincipalcomponentanalysistotreattheimpactfactorsofbusinessgrowth,thenestablishthemultiplelinearregressio
5、nmodel,andusetheresultsofthemodeltodotheresearchineachspecificindustry,inatargetedmannerofdevelopmentofeveryindustry.Thewholedissertationisdividedintofiveparts:Partone,introducingthepurposeandsignificanceofgrowthanddiscussingreviewofliteraturesothattocle
6、arthisarticle’sstartingpoint;Parttwo,screeningandidentifyingtheindicatorsoffactorsaffectingbusinessgrowthandbusinessgrowthitself;Partthree,usingprincipalcomponentanalysistoeliminatetheimpactoffactorsbroughtaboutbytheoverlapbetweentheinformationmulticolli
7、nearityproblem,identifiedprincipalcomponentsfactor,establishedmultiplelinearregressionmodel;Partfour,usingthemodeltodofurtherresearchintheperspectiveofindustry;Partfive,drawingconclusionsandmakingrecommendations,whilesumminguptheinadequaciesofthispaperfo
8、rfutureresearching.Keywords:TobinQ,growth,industryanalysis,principalcomponentanalysisII独创性声明本人声明所呈交的学位论文是我个人在导师指导下进行的分析工作及取得的分析成果。尽我所知,除文中已经标明引用的内容外,本论文不包含任何其他个人或集体已经发表或撰写过的分析成果。对本文的分析做出贡献的个人和集体,均已在文中以明确方式标明。本人完全意识到本声明的法律结