Research On Capital Operation And Financial Effect Of China Concept Stocks Companies Listed On NASDAQ

With the rapid development of the global economy, Chinese companies have become increasingly strong and financing has also become the necessary way to the development of a company. A company is listed on the strict requirements of domestic, which makes financing channels of many companies blocked in domestic. Thus the direct financing in the international capital market becomes popular. China Concept Stocks companies listed on NASDAQ enjoy a low financing cost, get a rapid financing and improve the value of the companies. By the capital operation, China Concept Stocks companies can make the company structure meet the standardization in the world, change the management system, go with the tide of advanced methods of management in the world continuously, and promote the company to realize the internationalization management. But in recent years a number of China Concept Stocks companies listed on NASDAQ have suffered the problems such as the bad capital operation, the decline of company performance, the financial fraud, the opaque information disclosure etc. The foreign research institutions have continuously sent short signals on their behaviors, which has influenced some China Concept Stocks companies listed on NASDAQ. Based on both the benign and the opposite of capital operation and financial effect in the performance of China Concept Stocks companies listed on NASDAQ, the thesis analyzes the barrier factors and establishes the financial performance evaluation system from three indicators----the financial index, the safety index and the risk resistance capacity.The thesis is based on the significant researches on capital operation and financial effects of the experts and scholars at home and abroad. According to the present situation of capital operation and financial effect in China Concept Stocks companies listed on NASDAQ, the thesis analyzes the obstacle factors in producing a positive financial effect, determines a new system principle, chooses a correspondent evaluation index and establishes its evaluation model. Through the empirical factor analysis, the thesis estimates whether the selection of these parameters is reasonable or not in order to verify the scientificity of basic elements selection. In the qualitative and normative researches, the thesis borrows the merits of domestic and foreign references related, and makes a reasonable combination of the basic theory and the financial performance evaluation system to form the solid theoretical foundation. In the quantitative and empirical researches, internal model system is selected to verify the rationality of the chosen elements, and the methods including data analysis and expert scoring are used in model construction as the basic premise of factor analysis. Finally, according to the conclusion from the application of evaluation system of capital operation and financial effect, the macro and micro policies are made which further enhances the capital operation and financial effect in China Concept Stocks companies listed on NASDAQ.