External Guarantee Of Listed Companies And Financial Risk Analysis

The guarantee manages the process as the company one normal behavior, in financing lends money in the activity widely to apply, particularly the third party provides credit support, because its operation efficiency is high, the frequency of use is big, receives the fund credit and the demand favor. Specially in recent years, on the company outward guarantees the behavior to increase day after day, exposes the question is getting more and more serious, becomes the hot spot which the negotiable securities Supervisory department, the general investors, the creditor pays attention. And lending money both sides information symmetry the question and so on enterprise credit puzzles do not cause the third party guarantee the production, the third party guarantee existence to be possible to enhance by guarantor's degrees of comparison, eliminates the lending money both sides information not to be asymmetrical effectively, reduces lends money the cost, the guidance fund flows reasonably, urges to lend money the market to move effectively, is also advantageous to the improve society resources optimization disposition. At present, our country society credit resources are insufficient , the specialized guarantee organization's development is not also mature. However, because our country capital market development time is short, To be listed operation activity not very standard, particularly guarantees the aspect in to be listed, has the problem repeatedly: Guarantees from the major stockholder using to be listed to be listed mutual club formation"the guarantee circle"and so on, gave the numerous to be listed to bring the huge negative influence. The massive To be listed also because of guarantees, but depth in which, the contrary guarantee, the lawsuit dispute is unceasing, has affected To be listed's normal management seriously, has brought the huge financial risk for oneself, some to be listed even therefore stepped onto has drawn back the city the edge. Which problems does to be listed guarantee present has, how to guard against and to reduce the financial risk which, the melt enterprise's management crisis the foreign guarantee causes, is the hot topic which at present needs to solve. Therefore, this article tries in the discovery To be listed to guarantee the existence the question, analyzes root which to be listed different type the guarantee behavior produces as well as they with business finance risk relativity, and how to guard against and reduce the financial risk which the guarantee initiates to put forward the corresponding proposal and the countermeasure.