title: ÐÑÐµÐ½ÐºÐ° ÑÐ°ÐºÑÐ¾ÑÐ¾Ð² ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÐ¸ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ ÐÐ¸ÑÐ°Ð¹ÑÐºÐ¾Ð¹ ÐÐ°ÑÐ¾Ð´Ð½Ð¾Ð¹ Ð ÐµÑÐ¿ÑÐ±Ð»Ð¸ÐºÐ¸
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¼Ð°Ð³Ð¸ÑÑÑÐ°
titleType: Subtitle
title: Assessment of the value factors of companies in the peoples republic of China
Creators: name: Ð§Ð¶Ð¾Ñ Ð®Ð¹
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2023
Subjects: ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸
ÑÐµÐ¼Ð¿ ÑÐ¾ÑÑÐ° Ð¿ÑÐ¸Ð±ÑÐ»Ð¸
ÑÐ¾Ð¾ÑÐ½Ð¾ÑÐµÐ½Ð¸Ðµ Ð°ÐºÑÐ¸Ð²Ð¾Ð² Ð¸ Ð¾Ð±ÑÐ·Ð°ÑÐµÐ»ÑÑÑÐ²
Ð½ÐµÐ¼Ð°ÑÐµÑÐ¸Ð°Ð»ÑÐ½ÑÐµ Ð°ÐºÑÐ¸Ð²Ñ
Ð½Ð°Ð»Ð¾Ð³Ð¸ Ðº ÑÐ¿Ð»Ð°ÑÐµ
ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²ÑÐ¹ ÑÑÑÐ°Ð³
Ð´Ð¾Ð»Ñ Ð½Ð° ÑÑÐ½ÐºÐµ
Ð´Ð¸Ð²ÐµÑÑÐ¸ÑÐ¸ÐºÐ°ÑÐ¸Ñ
ÑÐ¾Ð¾ÑÐ½Ð¾ÑÐµÐ½Ð¸Ðµ Ð°ÐºÑÐ¸Ð¹ Ð¿ÑÐ¸Ð½Ð°Ð´Ð»ÐµÐ¶Ð°ÑÐ¸Ñ Ð¿ÐµÑÐ²Ð¾Ð¼Ñ Ð°ÐºÑÐ¸Ð¾Ð½ÐµÑÑ
Ð¿Ð¾Ð»Ð¸ÑÐ¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ¾Ð½ Ð°ÐºÑÐ¸Ð¾Ð½ÐµÑÐ¾Ð²
Ð¼Ð°ÐºÑÐ¾ÐºÐ¾Ð½ÑÑÐ¾Ð»Ñ
Ð¾ÑÑÐ°ÑÐ»Ñ
Ð³ÐµÐ¾Ð³ÑÐ°ÑÐ¸ÑÐµÑÐºÐ¾Ðµ Ð¿Ð¾Ð»Ð¾Ð¶ÐµÐ½Ð¸Ðµ
the value of the company
growth rate of profit
asset-liability ratio
intangible assets
taxes payable
financial leverage
market share
diversification
ratio of shares belonging to the first shareholder
political background of shareholders
macro control
industry
geographical position

description: Ð¦ÐµÐ»Ñ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ ÑÐ¾ÑÑÐ¾Ð¸Ñ Ð² Ð¾ÑÐµÐ½ÐºÐµ Ð²Ð»Ð¸ÑÐ½Ð¸Ñ ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²ÑÑ Ð¸ Ð½ÐµÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²ÑÑ Ð¿Ð¾ÐºÐ°Ð·Ð°ÑÐµÐ»ÐµÐ¹ Ð½Ð° ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ ÐÐ¸ÑÐ°Ð¹ÑÐºÐ¾Ð¹ ÐÐ°ÑÐ¾Ð´Ð½Ð¾Ð¹ Ð ÐµÑÐ¿ÑÐ±Ð»Ð¸ÐºÐ¸. ÐÐ»Ñ Ð´Ð¾ÑÑÐ¸Ð¶ÐµÐ½Ð¸Ñ ÑÑÐ¾Ð¹ ÑÐµÐ»Ð¸ Ð±ÑÐ»Ð¸ Ð¸Ð·ÑÑÐµÐ½Ñ ÑÑÑÐµÑÑÐ²ÑÑÑÐ¸Ðµ Ð¼ÐµÑÐ¾Ð´Ñ Ð¾ÑÐµÐ½ÐºÐ¸ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÐ¸ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹, Ð¾Ð¿ÑÐµÐ´ÐµÐ»ÐµÐ½Ñ ÑÐ°ÐºÑÐ¾ÑÑ, Ð²Ð»Ð¸ÑÑÑÐ¸Ðµ Ð½Ð° ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹, Ð¿Ð¾ÑÑÑÐ¾ÐµÐ½Ñ ÑÐºÐ¾Ð½Ð¾Ð¼ÐµÑÑÐ¸ÑÐµÑÐºÐ¸Ðµ Ð¼Ð¾Ð´ÐµÐ»Ð¸ Ð¾ÑÐµÐ½ÐºÐ¸ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÐ¸ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹, Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½ ÑÑÐ°Ð²Ð½Ð¸ÑÐµÐ»ÑÐ½ÑÐ¹ Ð°Ð½Ð°Ð»Ð¸Ð· Ð²Ð»Ð¸ÑÐ½Ð¸Ñ ÑÐ°ÐºÑÐ¾ÑÐ¾Ð² Ð½Ð° ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹. Ð ÐºÐ°ÑÐµÑÑÐ²Ðµ Ð¾Ð±ÑÐµÐºÑÐ° Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ Ð¸ÑÐ¿Ð¾Ð»ÑÐ·ÑÑÑÑÑ Ð´Ð°Ð½Ð½ÑÐµ Ð¿Ð¾ 34 ÐºÐ¸ÑÐ°Ð¹ÑÐºÐ¸Ð¼ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸ÑÐ¼ Ð·Ð° Ð¿ÐµÑÐ¸Ð¾Ð´ Ñ 2013 Ð¿Ð¾ 2022 Ð³Ð¾Ð´. ÐÑÐµÐ½ÐºÐ° Ð²Ð»Ð¸ÑÐ½Ð¸Ñ ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²ÑÑ Ð¸ Ð½ÐµÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²ÑÑ Ð¿Ð¾ÐºÐ°Ð·Ð°ÑÐµÐ»ÐµÐ¹ Ð½Ð° ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ Ð¿ÑÐ¾Ð¸Ð·Ð²Ð¾Ð´Ð¸Ð»Ð°ÑÑ Ñ Ð¸ÑÐ¿Ð¾Ð»ÑÐ·Ð¾Ð²Ð°Ð½Ð¸ÐµÐ¼ Ð¼ÐµÑÐ¾Ð´Ð¾Ð»Ð¾Ð³Ð¸Ð¸ ÑÐµÐ³ÑÐµÑÑÐ¸Ð¾Ð½Ð½Ð¾Ð³Ð¾ Ð°Ð½Ð°Ð»Ð¸Ð·Ð° Ð¸ Ð¿ÑÐ¾Ð³ÑÐ°Ð¼Ð¼Ð½Ð¾Ð³Ð¾ Ð¿Ð°ÐºÐµÑÐ° STATA. ÐÑÐ»Ð¸ Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½Ñ ÑÐ¼Ð¿Ð¸ÑÐ¸ÑÐµÑÐºÐ¸Ðµ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ Ð²Ð·Ð°Ð¸Ð¼Ð¾ÑÐ²ÑÐ·Ð¸ Ð¼ÐµÐ¶Ð´Ñ ÑÐµÐ¼Ð¿Ð°Ð¼Ð¸ ÑÐ¾ÑÑÐ° Ð¿ÑÐ¸Ð±ÑÐ»Ð¸, ÑÐ¾Ð¾ÑÐ½Ð¾ÑÐµÐ½Ð¸ÐµÐ¼ Ð°ÐºÑÐ¸Ð²Ð¾Ð² Ð¸ Ð¾Ð±ÑÐ·Ð°ÑÐµÐ»ÑÑÑÐ², Ð½ÐµÐ¼Ð°ÑÐµÑÐ¸Ð°Ð»ÑÐ½ÑÐ¼Ð¸ Ð°ÐºÑÐ¸Ð²Ð°Ð¼Ð¸, Ð½Ð°Ð»Ð¾Ð³Ð°Ð¼Ð¸ Ðº ÑÐ¿Ð»Ð°ÑÐµ, ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²ÑÐ¼ ÑÑÑÐ°Ð³Ð¾Ð¼, Ð´Ð¾Ð»ÐµÐ¹ Ð½Ð° ÑÑÐ½ÐºÐµ, Ð´Ð¸Ð²ÐµÑÑÐ¸ÑÐ¸ÐºÐ°ÑÐ¸ÐµÐ¹, ÑÐ¾Ð¾ÑÐ½Ð¾ÑÐµÐ½Ð¸ÐµÐ¼ Ð°ÐºÑÐ¸Ð¹, Ð¿ÑÐ¸Ð½Ð°Ð´Ð»ÐµÐ¶Ð°ÑÐ¸Ñ Ð¿ÐµÑÐ²Ð¾Ð¼Ñ Ð°ÐºÑÐ¸Ð¾Ð½ÐµÑÑ, Ð¿Ð¾Ð»Ð¸ÑÐ¸ÑÐµÑÐºÐ¸Ð¼ ÑÐ¾Ð½Ð¾Ð¼ Ð°ÐºÑÐ¸Ð¾Ð½ÐµÑÐ¾Ð², Ð¼Ð°ÐºÑÐ¾ÐºÐ¾Ð½ÑÑÐ¾Ð»ÐµÐ¼, Ð¾ÑÑÐ°ÑÐ»ÑÑ, Ð³ÐµÐ¾Ð³ÑÐ°ÑÐ¸ÑÐµÑÐºÐ¸Ð¼ Ð¿Ð¾Ð»Ð¾Ð¶ÐµÐ½Ð¸ÐµÐ¼ Ð¸ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸. ÐÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ðµ Ð¿Ð¾ÐºÐ°Ð·Ð°Ð»Ð¾, ÑÑÐ¾ ÑÐ¾Ð¾ÑÐ½Ð¾ÑÐµÐ½Ð¸Ðµ Ð°ÐºÑÐ¸Ð²Ð¾Ð² Ð¸ Ð¿Ð°ÑÑÐ¸Ð²Ð¾Ð² Ð¸ Ð¼Ð°ÐºÑÐ¾ÐºÐ¾Ð½ÑÑÐ¾Ð»Ñ Ð¾ÐºÐ°Ð·ÑÐ²Ð°ÑÑ Ð¾ÑÑÐ¸ÑÐ°ÑÐµÐ»ÑÐ½Ð¾Ðµ Ð²Ð»Ð¸ÑÐ½Ð¸Ðµ Ð½Ð° ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸, Ð½Ð°Ð»Ð¾Ð³Ð¸ Ðº ÑÐ¿Ð»Ð°ÑÐµ, Ð´Ð¾Ð»Ñ Ð½Ð° ÑÑÐ½ÐºÐµ Ð¸ Ð³ÐµÐ¾Ð³ÑÐ°ÑÐ¸ÑÐµÑÐºÐ¾Ðµ Ð¿Ð¾Ð»Ð¾Ð¶ÐµÐ½Ð¸Ðµ Ð¾ÐºÐ°Ð·ÑÐ²Ð°ÑÑ Ð¿Ð¾Ð»Ð¾Ð¶Ð¸ÑÐµÐ»ÑÐ½Ð¾Ðµ Ð²Ð»Ð¸ÑÐ½Ð¸Ðµ Ð½Ð° ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸, Ð¾ÑÑÐ°ÑÐ»Ñ Ð¾ÐºÐ°Ð·ÑÐ²Ð°ÐµÑ Ð²Ð»Ð¸ÑÐ½Ð¸Ðµ Ð½Ð° ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸. Ð¡Ð¾Ð¾ÑÐ½Ð¾ÑÐµÐ½Ð¸Ðµ Ð°ÐºÑÐ¸Ð¹, Ð¿ÑÐ¸Ð½Ð°Ð´Ð»ÐµÐ¶Ð°ÑÐ¸Ñ Ð¿ÐµÑÐ²Ð¾Ð¼Ñ Ð°ÐºÑÐ¸Ð¾Ð½ÐµÑÑ, Ð½Ðµ Ð¼Ð¾Ð¶ÐµÑ Ð±ÑÑÑ Ð¾Ð¿ÑÐµÐ´ÐµÐ»ÐµÐ½Ð¾ Ð¸Ð·-Ð·Ð° Ð¼Ð°Ð»Ð¾Ð³Ð¾ ÐºÐ¾Ð»Ð¸ÑÐµÑÑÐ²Ð° Ð½Ð°Ð±Ð»ÑÐ´ÐµÐ½Ð¸Ð¹. ÐÐ´Ð½Ð°ÐºÐ¾ Ð°Ð½Ð°Ð»Ð¸Ð·Ð¸ÑÑÑ Ð»Ð¸ÑÐµÑÐ°ÑÑÑÑ, Ð¼Ñ ÑÑÐ²ÐµÑÐ¶Ð´Ð°ÐµÐ¼, ÑÑÐ¾ ÑÐµÐ¼Ð¿Ñ ÑÐ¾ÑÑÐ° Ð¿ÑÐ¸Ð±ÑÐ»Ð¸ ÑÐ°ÐºÐ¶Ðµ Ð¾ÐºÐ°Ð·ÑÐ²Ð°ÑÑ Ð¿Ð¾Ð»Ð¾Ð¶Ð¸ÑÐµÐ»ÑÐ½Ð¾Ðµ Ð²Ð»Ð¸ÑÐ½Ð¸Ðµ Ð½Ð° ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸. ÐÐµÐ¼Ð°ÑÐµÑÐ¸Ð°Ð»ÑÐ½ÑÐµ Ð°ÐºÑÐ¸Ð²Ñ, ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²ÑÐ¹ ÑÑÑÐ°Ð³, Ð´Ð¸Ð²ÐµÑÑÐ¸ÑÐ¸ÐºÐ°ÑÐ¸Ñ Ð¸ Ð¿Ð¾Ð»Ð¸ÑÐ¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ¾Ð½ Ð°ÐºÑÐ¸Ð¾Ð½ÐµÑÐ¾Ð² Ð½Ðµ Ð²Ð»Ð¸ÑÑÑ Ð½Ð° ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸. ÐÐ¸ÑÐ°, Ð¿ÑÐ¸Ð½Ð¸Ð¼Ð°ÑÑÐ¸Ðµ ÑÐµÑÐµÐ½Ð¸Ñ Ð² ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸, Ð¼Ð¾Ð³ÑÑ Ð´Ð¾ÑÑÐ¸ÑÑ ÑÐµÐ»Ð¸ Ð¼Ð°ÐºÑÐ¸Ð¼Ð¸Ð·Ð°ÑÐ¸Ð¸ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÐ¸ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ Ð¿ÑÑÐµÐ¼ ÐºÐ¾ÑÑÐµÐºÑÐ¸ÑÐ¾Ð²ÐºÐ¸ ÑÐ°ÐºÑÐ¾ÑÐ¾Ð², Ð²Ð»Ð¸ÑÑÑÐ¸Ñ Ð½Ð° ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸.
description: The purpose of the study is to assess the impact of financial and non-financial indicators on the value of companies in the Peoples Republic of China. To achieve this goal, the existing methods for estimating the value of companies were studied, the factors affecting the value of companies were identified, econometric models for estimating the value of companies were built, and a comparative analysis of the influence of factors on the value of companies was carried out. The research object is data on 34 Chinese companies for the period from 2013 to 2022. The assessment of the impact of financial and non-financial indicators on the value of companies was carried out using the methodology of regression analysis and the STATA software package. Empirical studies have been conducted on the relationship between earnings growth, asset-liability ratio, intangible assets, taxes payable, financial leverage, market share, diversification, ratio of shares held by the first shareholder, political background of shareholders, macro control, industry, geographic location and value of companies. The study shows that asset-liability ratio and macro control have a negative impact on company value, taxes payable, market share and geographic location have a positive effect on company value, industry has an impact on company value. The ratio of shares held by the first shareholder cannot be determined due to the small number of observations. However, reviewing the literature, we argue that earnings growth rates also have a positive impact on firm value. Intangible assets, financial leverage, diversification, and political background of shareholders have no effect on firm value. The companys decision makers can achieve the purpose of maximizing the companys value by adjusting the factors that affect the companys value.