Study Of Risk Management And Related Issues Of Equity Financing

China in new century, the reform and opening-up undertaking has already entered into a new stage. Market economy is being developed rapidly, the mains body position of market of enterprises are already being established. Enterprises are fierce day by day in competition, there are more and more, bigger and bigger risks that enterprises deal in development. So enterprise wants to keep long and steadydevelopment, must pay attention to risk management, so as to prevent trouble before it happens. Enterprise risk management practice and theory originate in the American insurance of the 1930s. Industrial and commercial business circles develop into a manage discipline in U.S.A. on the 50th. Risk management theory recommend and reach our country till 80th of 20th century, use and developed in financial enterprises at first. But it had not received the attention of the industrial enterprise yet, and the management theory of risk taking industrial enterprise as research object is still at primary stage of development.In a great deal of risk of management that enterprise need, risk management of stock financing gets so limit attention. A lot of people show stock financing has no risk even, and the fact is on the contrary. There are a lot of the fund-raising ways of enterprises, such as issue stocks, issue securities, lease, bank borrowed money, retaining incomes, commercial credit etc. Every way costs certain cost and certain redemption risk exists. According to" financing law" of the modern financing theory, the listed company should choose inside financing first in financing, then just consider outside financing, make debt financing a priority among them, and regard stock financing as the last choice. But the listed company of our country has a partiality for stock financing very much at present, this not only violates" financing law" but also there are a lot of risks in the course of raising funds and use the money entirely. Originally in the article, the author uses the phenomenon that our country exists at present, analyses the risk existing, puts forward method that solve, hopes and can offer for theory circle and practice circle and advise a bit.This paper includes four parts altogether.The first part is the summery of the risk management of the stock and recommends the concept. It also introduces the risk management of the stock in the risk positions and research current situations in enterprise's risk management.The second part recommend of our country listed company stock raise funds current situation. Our country listed company have a partiality for stock reason and side effect that produce of financing.The third part is a major one of this paper. Focal point of this text, introduce risk management of stock financing. From quantity that issue, issue kind, issuing way, issue price, etc. respect analysis stock financing risk, and put forward the corresponding office procedure.The fourth part is about other risk of stock financing. Introduce the risk that the listed company faces which different from the issuance of stocks.Limited by my knowledge, there must be faults in my paper. Therefore excuse me please and give me your precious opinions.