Research On Equity Financing Cost Control Of HD Private Listed Companies

China's private enterprises have emerged in the early stage of reform and opening up,and have achieved rapid development after more than 30 years of exploration.Private enterprises have played an irreplaceable role in solving employment and promoting economic development.Therefore,in the context of industrial restructuring and upgrading,it is crucial to realize its transformation and development.The realization of industrial transformation and upgrading requires a large amount of financial support.Due to the limitations of their own financing conditions,the capital needs of private enterprises are often not met.At present,the financing methods of private enterprises are mainly external financing,and debt and equity financing are their common financing methods.Equity financing is more favored by private enterprises because of lower costs and fewer restrictions.Although equity financing can meet its urgent funding needs,it will also generate certain costs.If the cost of equity financing is not paid attention to,the scale of financing will gradually shrink and even the risk of delisting will occur.Therefore,how to effectively control the cost of equity financing is a problem that private enterprises should pay close attention to in their operation and development.The full text firstly expounds the research background,significance,research results and innovations at home and abroad,and sorts out the research process of equity financing and its cost control.Secondly,it defines the related concepts of equity financing cost control,and analyzes its objective inevitability.At the same time,it puts forward relevant theoretical basis for the problems to be studied in the article,and provides theoretical support for the control of private enterprise equity financing costs.Then based on the relevant data of the private enterprises listed on the main board in 2015-2017,the paper analyzes the factors affecting the equity financing cost control of private listed companies.Then it studies the status quo of private enterprise equity financing,and on this basis,it analyzes the development status of HD company and the status quo of equity financing cost control.Then combined with the empirical conclusions,the research on the problems and hidden dangers of HD company in the control of equity financing costs.The sixth chapter is aimed at the existence of HD company,from the perspective of financial ability,board governance level,enterprise risk,institutional investor shareholding and equity concentration,to give HD company a solution to the effective control of equity financing cost.The last chapter is the research conclusion,mainly for the above analysis,puts forward the research conclusions,and analyzes the shortcomings in the research.