本文结合中关村新三板企业实际发展情况,延续现代企业成长理论观点,从创新能力、管理能力、财务能力三方面,构建了由创新驱动、创新表现、偿债能力、营运能力、赢利能力和治理能力六个一级指标,专利数量、研发费用等十四个二级指标形成的成长力指标评价体系。基于因子分析法,本报告对中关村新三板企业成长力做出客观、系统的研究。研究发现,创新层企业整体排名靠前,基础层中亦有优质企业,成长力指标得分排名前30的企业赢利能力、创新实力方面的表现远高于平均水平,表明中关村新三板企业资质较为混杂。
<<Based on the actual development of Zhongguancun NEEQ enterprise,this paper continues the theory of modern enterprise growth. From three aspects of innovation ability,management ability and financial ability,it constructs six first-level indicators,namely,innovation driving,innovation performance,debt paying ability,operation ability,profitability and governance ability,and fourteen second-level indicators,such as the number of patents,research and development costs. Based on factor analysis,this report makes an objective and systematic study on the growth of Zhongguancun NEEQ enterprises. The results show that the innovative enterprises rank first in the overall ranking,and there are also high-quality enterprises in the basic level. The performance of profitability and innovation strength of the enterprises ranked the top 30 in the growth index is far higher than the average level,which indicates that the NEEQ enterprises in Zhongguancun have mixed qualifications.
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