Chen pointed out: capital operation and market value management are two different forms of enterprise value maximization. For listed companies, market value management is a strategic plan to achieve maximum value and rapid growth, and it is a broader concept than capital operation. For listed companies, capital operation is the main way of market value management.
The following is a partial record of Chen's views:
There are many ways of market value management, even if it is limited to listed companies, the most important way of market value management is capital operation. The other is to introduce strategic investors and equity incentives to optimize the shareholder structure, and improve the management level and technical level of the company by introducing strategic investors and attracting core technical managers; Then the capital structure is adjusted through share repurchase; Finally, investor relationship management and reasonable investor relationship management can reduce investors' risk and psychological uncertainty and enhance investors' trust in the company.
Relationship between market value management and capital operation
The core of market value management is value management, which is value creation and shareholder value realization. Maximizing the value of listed companies is the pursuit of the coordinated development of internal value and market value of listed companies. Generalized capital operation is an operation mode that aims at maximizing capital value and takes value management as the core to realize capital value appreciation. From this perspective, market value management and capital operation have the same effect.
Capital operation and market value management are two different forms of enterprise value maximization. For listed companies, market value management is a strategic plan to achieve maximum value and rapid growth, and it is a broader concept than capital operation. For listed companies, capital operation is the main way of market value management.
Market value management is an important means to promote the positive interaction between entity operation and capital operation of listed companies. Capital operation is a means to maximize enterprise value, so the core of listed companies is to take market value as an intuitive embodiment of enterprise value and realize long-term promotion of market value of listed companies through various strategic decisions.
Market value management depends on good capital operation ability. In practice, listed companies mainly realize their market value management through mergers and acquisitions, restructuring and financing. Improving the market value management level through capital operation is a common means for listed companies. For example, M&A will bring synergy effects such as superior technology, market resources and brand advantages to the company, promote the market value competitiveness of the company, help the company improve the quality of development, increase the scale of the company, and then enhance the market value of the company. In addition, mergers and acquisitions will
Professor Chen, a famous economist and CEO of Global Germany, introduced;
Famous economist, professor of finance, doctoral supervisor, the first batch of doctoral students in statistics in China. At present, he is the vice president of China Shanghai Investment Association, an expert member of China Business Federation, an expert in the evaluation of National Natural Science Foundation, an expert in the operation of China's first personalized capital, and the host of Shanghai TV Station's "Real Estate Nighttalk". He has won nearly 20 national, provincial and ministerial excellent scientific research awards, and served as the director of listed companies such as 100, bus, An Baili and multinational companies. Professor Chen is good at practical solutions, timely and effectively solving the practical problems of enterprises, especially using financial expertise to enhance the sustainable competitive advantage and profitability of enterprises, amplify the value of enterprises, continuously create value and promote the successful listing of enterprises.