企业处于不同生命周期时,有着不同的特点。企业财务评价指标应根据企业所处生命周期的不同阶段分别确定。本文对我国民营上市公司进行研究,运用Kruskal-Wallis检验、最佳子集回归等统计方法,找出反映民营上市公司不同生命周期绩效的主要财务评价指标,为投资者的评价决策提供帮助。 Enterprises in different life cycles, have different characteristics. Enterprise financial evaluation indicators should be based on the life cycle of the enterprise at different stages were identified. This paper studies the private listed companies in our country, and uses the Kruskal-Wallis test, the best subsets regression and other statistical methods to find out the major financial evaluation indexes that reflect the performance of private listed companies in different life cycles, which helps investors to make decision.