European Business & Management

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Development Analysis of Chinese and American Technology Innovation Board Based on Time Series Model

Received: Oct. 11, 2019    Accepted: Oct. 30, 2019    Published: Nov. 06, 2019
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Abstract

The technology innovation board mainly serves scientific and technological innovation enterprises that conform to the national strategy, breakthrough key core technologies and have high market recognition. It is a crucial step for China to implement the strategy of strengthening China through science and technology and can promote the mutual growth of the capital market and scientific and technological innovation. For its research on the development of our country has a far-reaching significance. First, we conducted cluster analysis, divided the company into different industries, took the price-sales ratio as the valuation level, established a time series model, and analyzed the valuation premium or discount of various industries in China and the United States. The relation between market index, underlying index, and liquidity index is obtained by polynomial regression fitting equation. When forecasting the fundamental indicators and liquidity indicators of China and our market in 2019, the author USES the existing data to predict the fundamental indicators and liquidity indicators in 2019 by using the time series model and then obtains the valuation indicators of the two markets in 2019. Finally, in order to study the development of gem, we consulted the fundamental data of 93 companies, referred to the quantitative stock index model of our market and liquidity index of the Chinese market, and thus predicted the valuation level of the first batch of tech create board companies after listing.

DOI 10.11648/j.ebm.20190505.11
Published in European Business & Management ( Volume 5, Issue 5, September 2019 )
Page(s) 55-60
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Time Series Model, Cluster Analysis, Multiple Factor Regression Fitting, Grayscale Prediction, Factor Weight Analysis

References
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[2] Chu Z, Li B, Xiao H, et al. An Empirical Research on Indigenous Technological Innovation Process in Shenzhen City of China Based on Time Series Model [J]. Journal of Applied Sciences, 2013, 13 (8): 1245-1250.
[3] Geng Q F. Analysis of the Dynamic Correlation between China’s Second Board and SME Board Based on Different Methods [J]. Applied Mechanics & Materials, 2014, 687-691: 4938-4941.
[4] Yan-Yan H U. An Analysis of the Relationship between Cultural Trade and Economic Growth——Based on Time Series Model [J]. Economic Survey, 2015.
[5] Cao H, Tian L, Li S, et al. An integrated emergency response model for toxic gas release accidents based on cellular automata [J]. Annals of Operations Research, 2017, 255 (1-2): 617-638.
[6] Li M. Diversity of Board Interlocks and the Impact on Technological Exploration: A Longitudinal Study [J]. Journal of Product Innovation Management, 2019, 36 (4): 490-512.
[7] Lu W, Skjetne R, Løset S. A method for real-time estimation of full-scale global ice loads on floating structures [J]. Cold Regions Science and Technology, 2018: S0165232X17306018.
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  • APA Style

    Wei Wei, Ma Yuyi, Hu Junlong. (2019). Development Analysis of Chinese and American Technology Innovation Board Based on Time Series Model. European Business & Management, 5(5), 55-60. https://doi.org/10.11648/j.ebm.20190505.11

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    ACS Style

    Wei Wei; Ma Yuyi; Hu Junlong. Development Analysis of Chinese and American Technology Innovation Board Based on Time Series Model. Eur. Bus. Manag. 2019, 5(5), 55-60. doi: 10.11648/j.ebm.20190505.11

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    AMA Style

    Wei Wei, Ma Yuyi, Hu Junlong. Development Analysis of Chinese and American Technology Innovation Board Based on Time Series Model. Eur Bus Manag. 2019;5(5):55-60. doi: 10.11648/j.ebm.20190505.11

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  • @article{10.11648/j.ebm.20190505.11,
      author = {Wei Wei and Ma Yuyi and Hu Junlong},
      title = {Development Analysis of Chinese and American Technology Innovation Board Based on Time Series Model},
      journal = {European Business & Management},
      volume = {5},
      number = {5},
      pages = {55-60},
      doi = {10.11648/j.ebm.20190505.11},
      url = {https://doi.org/10.11648/j.ebm.20190505.11},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.ebm.20190505.11},
      abstract = {The technology innovation board mainly serves scientific and technological innovation enterprises that conform to the national strategy, breakthrough key core technologies and have high market recognition. It is a crucial step for China to implement the strategy of strengthening China through science and technology and can promote the mutual growth of the capital market and scientific and technological innovation. For its research on the development of our country has a far-reaching significance. First, we conducted cluster analysis, divided the company into different industries, took the price-sales ratio as the valuation level, established a time series model, and analyzed the valuation premium or discount of various industries in China and the United States. The relation between market index, underlying index, and liquidity index is obtained by polynomial regression fitting equation. When forecasting the fundamental indicators and liquidity indicators of China and our market in 2019, the author USES the existing data to predict the fundamental indicators and liquidity indicators in 2019 by using the time series model and then obtains the valuation indicators of the two markets in 2019. Finally, in order to study the development of gem, we consulted the fundamental data of 93 companies, referred to the quantitative stock index model of our market and liquidity index of the Chinese market, and thus predicted the valuation level of the first batch of tech create board companies after listing.},
     year = {2019}
    }
    

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    T1  - Development Analysis of Chinese and American Technology Innovation Board Based on Time Series Model
    AU  - Wei Wei
    AU  - Ma Yuyi
    AU  - Hu Junlong
    Y1  - 2019/11/06
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    DO  - 10.11648/j.ebm.20190505.11
    T2  - European Business & Management
    JF  - European Business & Management
    JO  - European Business & Management
    SP  - 55
    EP  - 60
    PB  - Science Publishing Group
    SN  - 2575-5811
    UR  - https://doi.org/10.11648/j.ebm.20190505.11
    AB  - The technology innovation board mainly serves scientific and technological innovation enterprises that conform to the national strategy, breakthrough key core technologies and have high market recognition. It is a crucial step for China to implement the strategy of strengthening China through science and technology and can promote the mutual growth of the capital market and scientific and technological innovation. For its research on the development of our country has a far-reaching significance. First, we conducted cluster analysis, divided the company into different industries, took the price-sales ratio as the valuation level, established a time series model, and analyzed the valuation premium or discount of various industries in China and the United States. The relation between market index, underlying index, and liquidity index is obtained by polynomial regression fitting equation. When forecasting the fundamental indicators and liquidity indicators of China and our market in 2019, the author USES the existing data to predict the fundamental indicators and liquidity indicators in 2019 by using the time series model and then obtains the valuation indicators of the two markets in 2019. Finally, in order to study the development of gem, we consulted the fundamental data of 93 companies, referred to the quantitative stock index model of our market and liquidity index of the Chinese market, and thus predicted the valuation level of the first batch of tech create board companies after listing.
    VL  - 5
    IS  - 5
    ER  - 

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Author Information
  • School of Energy and Mechanical Engineering, Shanghai University of Electric Power, Shanghai, China

  • School of Economics and Management, Shanghai Ocean University, Shanghai, China

  • School of Energy and Mechanical Engineering, Shanghai University of Electric Power, Shanghai, China

  • Section