Research On Ecosystem And Balancing Mechanism Of Capital Operation For The Listed Company

Listed companies, as the core economies of the national economy, reflect thecountry’s comprehensive competitiveness and play a leading role in the nationaleconomy, and capital operation is crucially important to improve the competitivenessof listed companies. But the capital operation practice and research of China listedcompanies are still inadequate. Research on building capital operations ecosystem andbalance mechanism are significant to solve the problems of capital operation practiceand realize healthy development of capital markets, thus have important theoreticaland practical significance in the promotion of social and economic prosperity.Based on theories of system, natural ecology, management and stakeholder, thisstudy adopts method of analogy analysis, interdisciplinary research, and case analysis,the essay establishes the model of the biosphere theoretical framework of listedcompanies and their capital operation. Through making a thorough analysis of thecapital operation biosphere of listed companies, the essay discusses the mechanism ofthe construction and balance of the capital operation biosphere of the listed companiesin an attempt to provide a new and healthy guidance for the capital operation of thelisted companies in our country. The research results are:The capital operation of listed companies bear a striking resemblance with thenatural ecological system and all factors in capital operation constitute the entireeco-system. There exist a biosphere in the capital operation of listed companies,inside which all factors correlate, interact and interdepend---the capital operation oflisted companies is a dynamic balanced system. All components of listed companiesare complicatedly interrelated to one another and the core is the balance among stake holding, institutional mechanism, market mechanism and relationship mechanism. Bystudying the experience and lessons of Panzhihua Steel&Iron Cooperation, the essayraises several solutions for its construction of the biosphere of capital operation. Theresearch puts forward the balance mechanism of the capital operation eco-system soas to provide guidance and references for the construction of a healthy biosphere ofthe capital operation of listed companies and fulfill the purpose of capital operation.