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Research On BS Corporation's Enterprise Migration And Company Value Change

Posted on:2019-03-27Degree:MasterType:Thesis
Country:ChinaCandidate:Y C JiangFull Text:PDF
GTID:2359330545484973Subject:Accounting
Abstract/Summary:PDF Full Text Request
Since the 21st century,economic globalization has developed rapidly.Under the background of large-scale agglomeration,the most common policy tool for the government to promote coordinated regional development is usually industrial transfer.The global industrial transfer wave has also emerged after the 21st century.New patterns and features.Since the beginning of the founding of New China in 1949,a total of four industrial shifts have occurred.Since our last visit to the 21st century,China has introduced a lot of reform policies for economic development,and at the same time it has released new domestic The phenomenon of industrial transfer between regions,and the industrial transfer after the 21st century has long been under the pressure of various factors,including land,labor,energy,and the environment.This article will start with a micro-enterprise perspective and observe the dynamic changes in the specific corporate value in the industrial transfer.The automotive industry has now become one of the backbone industries of China's manufacturing industry,bringing many conveniences to our trip.At the same time,however,many environmental issues and social unrest have also emerged in China.Recently,it is proposed that the concept of achieving more is a low-carbon economy,which in itself means the pursuit of green GDP.It is hoped that with the use and promotion of clean energy,the environment and health will gradually become better.In terms of production layout,most automotive companies are headquartered mainly in coastal cities in the southeast.In recent years,they have begun to explore ways to build production bases inland.The main purpose is to get closer to the market and save costs,and new energy projects have their own Specificity,the impact factors in the process of industrial transfer are more,and the problems exposed are even more worthy of our consideration.Judging from the recent research status,with the rising cost of labor,domestic and foreign scholars have conducted a lot of analysis on industrial transfer in environmental,regional,and government policies,and most studies have taken external factors as an important reason for the industrial transfer of enterprises,ignoring the Concerns about the internal changes of the company;Second,from the literature in recent years,it has been found that the multiple motivations surrounding industrial transfer and its impact on corporate behaviors Many scholars at home and abroad have conducted a lot of empirical studies from the industry level,but few use case studies.Methods A single representative case was used to explore the impact of the enterprise's industrial transfer behavior on the value of the enterprise,and from the dynamic reflection of the economic results of the enterprise to explore the problems existing in the enterprise's industrial transfer planning,and put forward relevant views on it.Therefore,this article selects BS Automotive Company(listed company)as the case object,analyzes the impact of industrial transfer behavior on the value of the enterprise,traces the applicability deviation of the enterprise when carrying out industrial transfer program from the value change and sensitivity analysis,and finds that similar auto companies are performing Problems existing in the transfer,and reasonable suggestions for these issues.First of all,according to the news of communication with senior executives,we summarized the specific reasons for the transfer of the company's industries,and explained the changes in internal cost structure before and after the comparison,external policies and market adjustments to explain the cost reduction and various dividend effects brought about by industrial transfer.And so on,in order to judge the true essence of the company's migration.Secondly,the short-term and long-term windows of market value change analysis and the comparison of financial indicators before and after the four industrial transfer programs are reviewed to see if they can help companies to implement cost management and improve their performance.The research links the industrial transfer behavior of a company with the value of the enterprise,analyzes the impact of industrial transfer on the value of the company from a micro perspective,enriches and develops the theoretical research on industrial transfer,analyzes the ambiguities in the process of industrial transfer,and combines specific issues.Suggestions were made to provide practical examples for the rapid industrial growth of Chinese manufacturing companies.This article chooses to explain the decision-making process of the company's industrial transfer in the form of case studies.It can more clearly observe the industrial transfer process and economic consequences of the company,explain the economic behavior of the capital market from the perspective of finance,and analyze the micro-enterprise behavior in detail.The process of decision-making and existing problems and suggestions have expanded the scope and ideas of related research.However,because I have not been deeply involved in related fields such as industrial transfer,I have not yet been able to take into account a number of influencing factors.I can only interpret the influencing factors and effects based on the existing materials.In addition,whether other major events of the company before and after the industrial transfer act will affect the change in the excess return rate of the company,and whether it can play an early warning or inspiration role in the industrial transfer behavior of other industries,it still needs further discussion.
Keywords/Search Tags:Industry Transfer, New Energy Vehicle, Enterprise Value, Business Mration
PDF Full Text Request
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