Research on Value Creation Ability Enhancement Strategy of Hog Enterprises——Based on the Financial Data of 13 Listed Hog Enterprises
The ultimate goal of the enterprises was to achieve value creation on the basis of economic growth,the development and growth of top hog enterprises was the inevitable development of the scale of the hog industry.Based on the financial data of 13 listed hog enterprises from 2011 to 2021,the value creation influencing factors of hog enterprises were analysed by using financial and non-financial indicators to measure and analysed the value creation factors of hog enterprises,and it was concluded that the gearing ratio,the return on net assets and the proportion of the top five shareholders'shareholding could effect the value creation ability of hog enterprises,and the gearing ratio had the strongest influence the value creation,the size of the company and the size of the director would weaken the value creation power of the enterprise,of which the real growth rate and the book-to-market value ratio had a non-linear relationship.The company size and the size of directors could weaken the value creation ability of the enterprise,in which the real growth rate and the book-to-market ratio had a non-linear relationship,etc.Accordingly,we had given suggestions to enhance the value creation ability from the areas of promoting the effective synergy between enterprise growth and value creation,establishing an effective account supervision system,and strengthening the technological empowerment.