Research On Equity Financing Of Sharing Economy Enterprises In China

In China,many companies with a shared economy concept are founded.In view of that fact that the shared economy affects the overturn of daily life,"Shared economy" is widely discussed by the public.With the support of national policies and social capital,the shared economy is growing rapidly.However,the development of the shared economy is not an easy one.While emerging industries are rising,there are also industries that are experiencing challenges.The shared economy is growing rapidly,along with the collapse of enterprises.One of the important reasons for the collapse of many enterprises in the shared economy is the difficulty of financing.The reason of that shared economy industry in the subdivision industry finances difficultly may not be exactly same,but the financing difficulties caused the result is the same.The same result is that businesses have to face close due to lack of financial support.In order to seek the financing problems faced by Chinese shared economy enterprises and put forward relevant suggestions,this paper finds out the financing problems faced by Chinese shared economic enterprises and the forming reasons of the financing problems.As well as the financing problems faced by the shared economy enterprises that have entered the open market for equity financing in the growth stage.This paper hopes to provide a positive reference for the entrepreneurs in the shared economy to solve the financing problems.By studying the financing status of shared economic enterprises,it is found that venture capital prefers top companies and financing channels are limited.At the same time,many shared economic enterprises have to grow to create huge financing needs.Based on the financing status of Chinese shared economic enterprises,the financing problems are financing channels blocked,high threshold of financing and corporate investors loss caused by poor growth.Through an empirical analysis of the equity financing behavior of the 35 shared economy companies listed in the new three board market,metrics used to measure growth performance do not show a consistent positive impact or consistent negative impact on equity financing.Therefore,it cannot be said that the growth of enterprises has positive or negative influence on equity financing.Instead,it should be combined with the specific indicators to specific analysis.Among them,the return on equity and the growth of total assets have a positive impact on the equity financing of enterprises,but the total assets turnover rate has negative influence on equity financing ratio.In the end,based on the results of research and analysis,this paper puts forward three suggestions to solve the financing problems of Chinese shared economic enterprises.Firstly,optimize the financing service environment of Chinese shared economy enterprises.Secondly,Chinese shared economic enterprises should optimize their own development.Thirdly,Chinese shared economic enterprises should strengthen internal financing management.