Goody Science & Technology CO., LTD Controlling Shareholder's Behavior Affect The Capital Chain Research

2015 stock market crash not only to small investors a painful loss of about more than 1,000 listed companies also had a serious impact. Because stock prices fell sharply, leading to the pledged shares approaching or touching an equity pledge warning line, always in danger of being liquidated. Goody science and technology is one of the typical. By studying Goody technology companies found that Goody Technology Controlling shareholders have been science and technology of non-operating funds used to conduct, and after repeated pledge transfer of shares in the hands. And the company's capital chain and very vulnerable to a number of factors, including the impact of the behavior of the controlling shareholder. So the combination of institutional background, the corresponding management advice from legal level, regulators, corporate governance mechanism, in-depth discussion and analysis of the impact on the company's chain of the controlling shareholder of behavior, not only has important theoretical significance, but also for China's listed companies governance, long-term healthy development of capital markets, also has a very important practical significance.Through the use of case analysis, literature reference, quantitative analysis of three methods, in-depth study of the company capital chain effect on Goody technology controlling shareholders' behavior problems. After data analysis, found that the behavior of controlling shareholders on the financing process, not only reflected in the internal financing and external financing also includes two aspects. Less impact on production and sales. For the recovery of funds link, the controlling shareholder of non operating funds occupancy is larger, the equity pledge, equity transfer behavior effect is indirectly affect the company's market value and credibility, the same to the company's capital chain.