Financing Behavior of Listed Companies Impacts on Their Performance: A Case Study of Zhongtai Chemical
Abstract: Since the 1990s, the rapid development of China’s capital markets have provided a broader plat-form to corporate finance. Financing not only guarantees the funds needed by the enterprise, and the choice of financing and frequency will affect the capital structure of the company, thereby affecting the performance and enterprise value of the business. It can expand the size of the business of financing and create greater value, but excessive financing can lead to low allocative efficiency of capital markets and can’t be expected to bring economic benefits. Based on the Zhongtai Chemical in recent years, frequently inspect its facilities affected the results, it was found from 2008 to 2010 to bring a good income, so that enterprises had developed rapidly. In recent years, Zhongtai Chemical has been into a financing, a cycle of expansion, refinancing, and this cycle is not expected to bring economic benefits. Based on the analysis of financial statements of Zhongtai Chemical, this paper is to explore the behavior of corporate finance impact on its results, and thereby provides a reference for other companies making financing and reminds others not to affect the long-term financing because of the blind development of the company.
文章引用: 田晓蕾 , 邓 乐 (2016) 上市公司融资行为对公司业绩的影响——基于对中泰化学案例的研究。 国际会计前沿， 5， 7-15. doi: 10.12677/FIA.2016.52002
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