The Study On The Financing Risk Of Tianyi Science & Technology

Along with the foundation of marketing economics and improvement of capital market, the investing and financing system of enterprises has changed. Financing from the public in capital market, obtaining government subsidies and getting bank loans have contributed much to the rapid development of a large number of enterprises. However, because of constraints from macro-economy, laws, information asymmetry, risk and costs etc., it is much harder for high-tech agricultural products processing firms to obtain enough funds for further development. It is important to keep away financing risk to get competence superior for high-tech agricultural products processing firms. Tianyi Science & Technology is the largest listed high-tech agricultural products processing firms in Hubei province. Based on the financing, with the combination of theory analysis and practice analysis, quantitative analysis and qualitative analysis, the consideration and the absorption of some existing studying fruits inside and outside China, based on the actual financing situation, combined the financing theory to research the capital structure, capital cost, dividend policy and financing risk to analyze the financing risk and its reason in the financing process of Tianyi Science & Technology. On the basic of those theories and analysis above, the paper makes the last word on the outline for the reducing and keeping away financing risk. On the basic of defects in the financing administration the paper puts forward the general object, the basic train of thoughts,by referring successful experiences from an international point of view the paper put forward that enterprises can reduce and keep away financing risk by enhancing financing efficiency, optimizing capital structure, establishing financing-risk-alert system and improving corporate govern structure.