Studies To The Partiality Of Stock Right Financing Of Our Country's Listed Companies

Since the fifties of the 19th century, modern enterprise financing theory and the positive research get more and more perfect, and they have played the function of the theoretical direction in the financing behavior of the enterprises of the western countries. With the constant development and perfecting of our country's capital market, the financing pluralism mode of the enterprise is taking shape progressively, and the position of direct financing is also becoming higher and higher. Our listed companies obviously prefer to stock right financing, and this choice is not only quite different from the enterprises of the western developed countries, but also contrary to the modern enterprise financing theory. So what caused this strange phenomena and how to improve the current situation are just the problems this dissertation discusses. The emphasis of dissertation is to analyze the origin of the partiality for stock right financing. Through the analysis, the author brings out some practical propositions. The innovation of this dissertation lies in that it combines the literary description with the data statement to solve the problems which makes it seemed more convincing. And another light spot of this dissertation is the introduction of EVA——a new index to appraise a company's achievement. In a word , this dissertation has some academic value and realistic meaning.