An Empirical Study on the Impact of Operational Asset Quality on Firm Value

Abstract

Based on the financial data of new energy listed companies from 2011 to 2015, this paper studies the impact on the value of the enterprise by using the panel data to have an empirical research, and constructs the regression model of Tobin’s Q from four aspects—the existence, the turnover, the value-added and the realization. The results show that the characteristic attribute of operating assets has a significant effect on the enterprise value of new energy listed companies.