The Research On Changes In Equity Fund-raising To Supplement Liquidity For Listed Companies

The financial crisis,fund-raising to supplement liquidity seem to have relevant departments’ "acquiescence".For listed company,the fund-raising decide its future development,liquidity is its "living water".Use fund-raising supplement liquidity,on the one hand,it can help the use of listed companies’ fund-raising with maximum efficiency;on the other hand,it also can prevent a listed company because of cash flow chain "break" and facing bankruptcy.The predecessor’s research in raising funds changes on the basis of results,from the view of information asymmetry theory and principal-agent theory,combine the method of empirical study and normative analysis,research listed companies’ equity fund-raising added liquidity behavior in corporate governance and the role of the listed company’s influence.The empirical results from listed company equity fund-raising added liquidity behavior have negative effects on the listed company’s operation efficiency and listed company investment.This result can be accounted for the shortage of listed companies’ market survey,management,and listed companies’ internal manager’ agency problems and management opportunism behavior.This paper of creative study on listed companies in fund-raising added liquidity in the changing behavior under the new situation,to find out how listed company to do better in their liquidity management,at the same time for the existing research for listed companies in raising funds exactly how to use "moral-all" aspect,finally discovers nature of the listed companies in fund-raising added liquidity,and the operational efficiency of the listed companies and investment behavior,and clarifying the own responsibility of government,market and listed companies.From the government regulatory perspective,unfavorable use administration means intervene company from change behavior,should take the correct guidance.At the same time,the listed company shall strengthen internal management and internal risk buffering capacity to improve liquidity management,strengthen the internal controls to enhance the decision-making and decision-making abilities,to avoid unnecessary fund-raising changes or select the most appropriate changes.