Financing Effect Of Beijing Compass Technology Development Co.,Ltd. On NEEQ

Small and medium-sized enterprises(SMEs)in the development of the national economy occupy an important position.With the transformation of China's economic development mode,from the original blind pursuit of high-speed economic growth,to now pay more attention to the smooth operation of the economy and industrial transformation and upgrading.The good development of small and medium-sized enterprises(SMEs)is closely related to the good development of China's economy.In order to maintain the stability of China's economic development,the largest share of the national economic market,small and medium-sized enterprises(SMEs)should maintain a good momentum of development.So the development of small and medium enterprises(SMEs)put forward higher and higher requirements and more and more opportunities.Small and medium-sized enterprises(SMEs)want to develop,which first to face the first problem is the financing problem.Solving the financing problem is the key to the development of small and medium-sized enterprises(SMEs).National Equities Exchange and Quotations(NEEQ)as an important part of the multi-level capital market structures.Companies those are listed on National Equities Exchange and Quotations(NEEQ)can make equity financing and bond financing through it(NEEQ).In recent years,National Equities Exchange and Quotations(NEEQ)for many small and medium enterprises in the country to provide a more easy financing platform and to provide the necessary funds for their development.National Equities Exchange and Quotations(NEEQ)is gradually improving and upgrading,listing the number of National Equities Exchange and Quotations(NEEQ)companies in recent years into a blowout growth,financing effect is increasing.This thesis first reviews the domestic and foreign literatures on financing difficulties of small and medium-sized enterprises(SMEs)and the evaluation of the financing effect of small and medium-sized enterprises(SMEs).Secondly,it introduces the related concepts of capital market,financing effect and financing theory,and makes the theoretical basis for the analysis of case companies.Once again,the background of the Beijing Compass Technology Development Company,Including the macro background of the new three board market financing status and micro background compass company's basic situation.Following,a detailed description of the compass company in the NEEQ financing development process.Then,the thesis analyzes the financing effect of the compass company in the new three boards,which is divided into direct effect and indirect effect.The direct effects include financing scale,asset size and internal governance perfect,indirect effect capital structure,growth ability,profitability.All indicators show that the company's financing in the NEEQ the overall value of the enterprise rise.Finally,NEEQ is in the growth period,so there are some problems of the compass in the NEEQ financing and make some suggestions for solve the problems.