Research On The Financing Effect Of The The Neeq Listing

As an important part of China's multi-level capital market,SMEs are an important carrier for implementing innovation and play an important role in stabilizing employment,promoting economic growth,and technological innovation.However,the difficulty of financing has always been an important constraint to the healthy and sustainable development of SMEs.Although China has a more in-depth study of corporate finance,the theory has gradually matured,but the focus of these studies is mostly on the main board listed companies,and few studies involve the new three-board market.In this case,It is of great practical significance to carry out indepth and thorough research on the problems of the SMEs in the New Third Board.In order to better study the efficiency of financing in the new three-board market,the standard has studied from the following six aspects.Firstly,it expounds the background and significance of the topic,and combs and analyzes the literatures of related research at home and abroad,and points out the innovations and shortcomings of the article.Secondly,the relevant theoretical basis of this paper is introduced.Thirdly,from the perspective of the number of listed SMEs,regional distribution,industry distribution,transaction status,transfer situation and market maker development,the development of the new three boards and the financing status are sorted out,and the new three boards are present.The problem.Fourth,the relevant financial indicators for the listing of small and medium-sized enterprises listed in the National Share Transfer System(New Third Board)were selected.Through the comparative study of the financial indicators of small and medium-sized enterprises before and after the listing of the New Third Board,the financing ability after the listing of the New Third Board was discovered.No significant improvement has occurred.Fifth,the panel regression analysis method is used to study the main factors affecting the financing of SMEs.It is found that the operating net profit rate,operating income growth rate and total asset turnover rate have an important impact on the financing ability of enterprises.Finally,from improving the internal governance of the company,strengthening the level of corporate equity structure,expanding new financing channels,increasing investment in scientific research,improving corresponding mechanisms,appropriately reducing the threshold for investors to enter the market,and other aspects to improve the financial situation of enterprises,and improve the new three board small and medium-sized Corporate finance capabilities have made relevant recommendations.