Case Analysis Of The Transactive-transaction Benefit,for Example,in Acastral Chemistry

In the listed companies in our country,generally there are a lot of related party transactions,the transport for the interests of controlling shareholders using related party transactions to provide great convenience.Throughout most of the listed company's internal and external environment,highly centralized equity structure,imperfect system of governance structure and the regulation of the weak are prompting the growth of this behavior.Controlling shareholders transfer the resources of listed companies affiliated transactions not only widespread,and serious,the exposure of malignant cases in recent years has been fully.The parent company to its own internal quality assets,restructuring into new listed company,is a common form of the listed companies in our country,in this way,will exist between parent-subsidiary indivisible close ties.Of shandong weifang yaxing chemical co.,LTD.,is the typical representative of this kind of enterprise,the company is a chemical products production,manufacturing,sales enterprises,because there are a violation of related party transactions and the controlling shareholder and cash embezzlement disciplined by the CSRC for many times,and gradually by an enterprise in the industry has a leading position,and gradually become a serious loss,shares were "* ST" of the enterprise,this article choose yaxing chemical as the research object,the controlling shareholder's related party transactions Gui tunneling behavior research.In this paper,by adopting the combination of normative research and case analysis research method.In normative research section,reviews and summarizes the related literature at home and abroad,the concept of connection transaction type the indemnification,types,theoretical foundation and related transactions of the indemnification way overview and motivation theory.In case analysis part,yaxing chemical as the research object,in examining the case on the basis of the process,characteristics and causes of financial data and charts analysis evaluation of its impact on corporate performance,small and medium-sized shareholders,then analysis the cause of the connection transaction type the indemnification.Finally,this article through the analysis of the above a series of research conclusion,type and control the related transactions of listed companies on the indemnification put forward some constructive Suggestions.The main contribution of this paper is to:(1)through the theoretical analysis of related party transactions the way and the motivations of the indemnification,more objectively evaluate the select related transactions of listed companies in China for the indemnification of reason;(2)according to our country's listed company yaxing chemical real case analysis of the use of related party transactions of listed companies on the repercussions of the indemnification and reason;(3)using the method of financial analysis to reveal the economic consequences of case companies implement directional secondary transport for the interests of other type found related transactions of listed companies provide reference can be drawn lessons from case.This article is divided into five chapters.The first chapter is introduction.Mainly elaborated the selected topic background and research significance of this article,reviewing and sorting the scholars at home and abroad about the research situation of related transaction type the indemnification,and points out the research,the disadvantages of research ideas and research methods,the article builds the whole framework of the article.The second chapter for introduction to the theory of type connection transaction the indemnification.Introduced the concept and types of the indemnification connection transaction type,analyzes the way of connection transaction type interests and motivation,finally expounds the connection transaction type interests involved in the theory of the three.The third chapter introduce yaxing chemical case.The understanding of yaxing chemical management and ownership structure on the basis of the company,the yaxing chemical process and the characteristics of the use of related party transactions for indemnification are expounded and analyzed.The fourth chapter for yaxing chemical utilization of associated business consequences and causes of the indemnification are analyzed.This chapter from the enterprise debt paying ability,operation ability,profit ability and the enterprise of small and medium-sized shareholders four Angle analysis of related party transactions type conveyor consequences,and the use of related party transactions are to study the cause of the indemnification.The fifth chapter for related transactions of the indemnification research conclusion and the suggestion.This chapter through the analysis of above conclusion,induction and summary of related party transactions type the indemnification of listed company's financial performance and the influence of small and medium-sized shareholders of listed companies and put forward relevant Suggestions,to detect and suppress type associated business interests to provide some experience and help.