The Discussion On Strategic Motivation And Impleraomentation Ferformance Of Listed Companies’ Introducing Strategic Investors

In the process of economic reform,the most important issue facing the company is not only a shortage of funds,but also optimize the structure of property rights,such as to improve governance,overcome technical bottlenecks and problems accumulated operational experience industry.Enterprises can make use of industry strategic investors to achieve a wide range of optimization and upgrading,as problems to be solved to find solutions,it is because: First,the industry is a large enterprise strategic investors,fund companies have the desire;secondly,industry strategic investors to the whole industry a reasonable plan,may be out of line with the development of investment companies;and finally,industry strategic investors have an advantage in technology,management,etc.,can improve governance invested enterprise.In this paper,the introduction of Guangdong Guanhao High-Tech Co.,Ltd.strategic investors cases analyzed,especially the analysis of the strategic investors in China National Paper-Industry Investment Corp.Guangdong Guanhao High-Tech Co.,Ltd.financial performance of the changes brought to think and draw some inspiration.The first two sections of this article are the theoretical part,the first part analyzes the domestic and foreign literature,then in the second part introduces the theory below need be used.The author will give a definition of the word “industry strategic investor” and summarize its features firstly.And then,analyze the mechanism that how industry strategic investors influence the performance of the enterprises,with the theories that cooperation-competition theory,efficiency theory,industrial alliance theory,and the shareholder activism theory.The third part is the case presentation section,introduced the invested enterprise Guangdong Guanhao High-Tech Co.,Ltd.and strategic investors in China National Paper-Industry Investment Corp.The fourth part is the financial analysis,the author will select financial data from the public financial accounting statements of Guangdong Guanhao High-Tech Co.,Ltd.to make a medium and long term test of its performance.Through longitudinal comparison of before and after the introduction of industry strategic investor and horizontal comparison with the industry average level,we make a valid assessment of the overall performance of the Guangdong Guanhao High-Tech Co.,Ltd.from four aspects,profitability,solvency,operational capacity and development capacity.From the financial analysis,we can see changes Guangdong Guanhao High-Tech Co.after the introduction of strategic investors,China National Paper-Industry Investment Corp industry occurred in financial terms,thereby concluded.Guangdong Guanhao High-tech Industrial Co.,Ltd.to introduce strategic investors,China National Paper-Industry Investment Corp is success is the investment company industry Guanhao High-Tech Co.,Ltd.financial performance has been a positive improvement in the long run,China National Paper-Industry Investment Corp strategic investors industry have a profound impact on the development of Guanhao High-Tech Co.,Ltd.The last part of the article is what I got from the case,as well as listed companies to introduce Guanhao High-Tech Co.,Ltd.China National Paper-Industry Investment Corp to develop some of our recommendations.Summary of the case,we can see that the industry strategic investors invested enterprises have improved in the following areas: first,Guanhao High-Tech Co.,Ltd.chain broadened;second,Guanhao High-Tech Co.,Ltd.industry can be advanced from a strategic investor there technology;Third,Guanhao High-Tech Co.,Ltd.to get a long-term business growth,Guanhao High-Tech Co.,Ltd.share price increased significantly within a few years;fourth,Guanhao High-Tech Co.,Ltd.governance structure more perfect.Finally,we can draw a conclusion through the basis of in-depth analysis of the case and make further recommendations for enterprises to introduce industry strategic investors.First,develop the strategy and give clear introducing purpose.Second,set selection criteria in details and choose the best strategic investor.Third,actively use the advantage of industry strategic investors to build industrial chain.Fourth,strengthen risk control and prevent speculation.