只要企业的创新速度跟不上或者行业生态环境发生较大变化,股东价值开始急剧毁灭。今年的市场表现,让很多投资者大跌眼镜。年初以来创业板指数一路大幅上涨,特别是信息产业、传媒产业以及环保产业等涨幅惊人。这些板块上涨的重要理由之一是中国经济正在进行结构调整,而这些行业代表着中国未来经济的发展方向。市场过度关注企业所处的行业,而全然不顾这些企业的商业模式是否成熟、企业治理是否完善以及企业经营者是否经过时间的检验。投资只要行业选对了路,市场就会 As long as the pace of innovation of enterprises can not keep pace or the industry environment changes greatly, the shareholder value begins to drastically disappear. This year’s market performance, so many investors stunned. Since the beginning of the GEM index has risen sharply all the way, especially the information industry, the media industry and the environmental protection industry, such as amazing gains. One of the important reasons for the rising of these sectors is that the Chinese economy is undergoing structural adjustment and these industries represent the future direction of China’s economy. Market concerned about the business over the industry, and regardless of whether these companies have a mature business model, corporate governance is perfect and whether the business operator after the test of time. As long as the industry choose the right investment, the market will be