Two basic factors cause the fluctuation of shareholder equity: one is the op erating achievements of companies , the so-called variable in the constant; the other is the investment behavior of investors, the so-called variable in the var iable.

Collection and analysis of data from the reconciliation statements of 1 382 listed corporations on differences of shareholders equity show that on the first day of the implementation of new accounting standards,income tax,minor shareholders equity and .

Empirical Study Base on the Holistic Listing Companies Shareholder Value Evaluation Model with EVA Theory;

The stock financing has been a trend for the real estate enterprises to develop,to gain more money,the real estate enterprises must regard their manage goal as maximizing the shareholder value.

Its main idea is to maximize the shareholder value by managerial incentives and large shareholder control.