Equity Financing For The Company To The Growth Of Empirical Research

This article from the listed company profit ability as a starting point, the listedcompany profit ability, we call it the listed company profitability. The listed companyprofitability is an abstract of the three-dimensional concept, then to the listedcompany’s profitability subdivided into three main areas: sustainability, was now sexand growth. Among them, the listed company’s growth is to point to the listedcompany continued operation in the premise condition, through the internal andexternal factors common effects, resulting in the listed company to reach a state, so asto constantly optimization and win the listed company value growth ability. A listedcompany’s sustainable growth of both its investors, creditors, governmentalorganizations, managers and employees and stakeholders of common concern, or thevalue of the future. So in a sense, the company’s profit growth than its profit itself ismore important.And equity financing for the listed company again the importance to beself-evident, without funding support of the listed companies like lack of blood, hardto survive. Through the capital market for the listed company with an inexhaustiblepower, using relatively cheap financing costs, through the capital market optimize theallocation of funds, in order to solve the problems of enterprise development fund. Inour country, the equity financing is mainly for the match again, secondary offeringsand convertible company bonds. Among them with new share a common, and thesecondary offerings and divided into new share and the directional directionalsecondary offerings. Because the selectivity of new share is stronger, either throughbig shareholders into assets realize whole appears on the market, can also to introducestrategy investors, or even to social the public to the public to raise, so new share hasbeen hit by a listed company’s favor. But in the current study, most scholars believe that the listed company throughthe secondary offerings, the accounting performance have dramatic slowdown, at thesame time for their future growth have bad influence. So what is what factors inrestricting the listed company’s growth? In this article about equity financing in thedifferent factors on to the growth of its influence, to raise capital to new share,proportion, equity premium scale and proportion of non-tradable shares with equityfinancing is closely related to itself the main influence factors, thus mining in thefuture growth of the impact analysis. This paper, from raising money to new shareproportion, equity premium scale and proportion of non-tradable shares of the listedcompany by the new shares. And with the business income growth rate as growthfinancial index, the purpose is to avoid the profits and losses of the regular to thelisted companies effect, thus to bring conclusion is not accurate.Through an empirical research data shows, this paper suggests: first should solvethe prevalence of earnings management of adjustment problems; Next is the securitiessupervision and management committee shall be in the current regulatory system, onthe basis of the fund of the listed company use supervision increase; Once again, iswill the listed company of new share price market improved step by step; The last tovigorously promote professional manager market.