The Incentive Effect Of Financial Valuation Adjustment Mechanism In The New OTC Market

Valuation Adjustment Mechanism in the New OTC Market are very common,But according to the statistics,the majority of the new three-board bet has failed,and even the dispute is over.In this context,the paper mainly studies the incentive effect and the problem of the financial performance of the new three board companies.This paper mainly includes six parts.First chapter introduced this article background and research significance,research methods and innovation and framework.The second chapter to the domestic and foreign literature review and theoretical basis.The third chapter case background.Chapter iv bet on protocol analysis of incentive effect,from financial situation(vertical)and the market reaction(horizontal)two aspects analysis.Financial situation mainly through bet on completion,and through the dynamics of Du Pont Analysis.Market response analysis mainly use Event Study Methods.Chapter v bet agreement problem analysis and optimization proposals,analyzes the problems arising from the case and the new three board bet on six questions of the agreement,and put forward improving Suggestions corresponding to six questions.Chapter vi summary and outlook,summarizes the deficiency of this article conclusion,the research and the research prospects for the future.In this paper,through case analysis concludes that under the condition of the financing difficulties of small and medium-sized enterprises,many enterprises for listing or to listed on the new three board signed with private equity firms in order to solve the short-term capital needs easy unrealistic performance on the terms and conditions.Bet to set scientific terms is particularly important.Both sides should strive for a more reasonable and better bet on the negotiation game,which will eventually lead to a win-win situation for both sides.