A Study of Market volatility and SMEs growth evaluation——Empirical Research of SMEs board

Abstract

SMEs board of Shenzhen Stock Exchange has been cared by market since May in 2004. Enterprises in SMEs board are influenced by market because their scales are small. This article evaluates the growth of the enterprises in the SMEs board by adding market volatility factor. On the basis of validity testing and comparatively analyzing for the two ranks, one of which consider factor of market volatility ,the other one of which does not consider factor of market volatility, we can conclude that the rank with the consider of market volatility is more effective. Making regression analysis of growth rank and market volatility, we find that growth rank and market volatility are obviously negative correlativity.