Research On The Financing Effectiveness Of Listed Companies And The Resource Disposition Effectiveness Of China's Securities Market

Based on analysis and evaluation of the financing effectiveness of listed companies, the thesis aims to probe in the application of capital by public listed companies in order to reveal the resource disposition effectiveness of China's securities market. The thesis not only attaches importance to the financing effectiveness of listed companies in daily application but also pays attention to the interrelationship between financing effectiveness and the resource disposition mechanics of securities market in a theoretical view so as to be well-structured and systematic. The thesis combines regulative analysis with empirical analysis, which is the focus, to be as objective and as just as possible. The thesis falls into three sections. The first section deals mainly with the development history of China's securities market and its characteristics. The second section focuses on the financing effectiveness of China's public listed companies. The second section brings forward the financing structure and the features and some problems of the listed companies;adopts four empirical analysis models of which the first two measure the overall capital application effectiveness and the last two review the financing effectiveness of IPO and refinancing companies. The last section systematically analyzes the causes of the ineffectiveness of resource disposition in China's securities market and forwards countermeasures accordingly.