Research On The Influence Of Financing Constraints On The Performance Of Real Estate Enterprises

At present,the real estate industry has become an important industry that can promote the economic development of our country.However,China's real estate market has experienced continuous national macro-control policies,changes in the external environment,coupled with the lack of diversity and high financing cost of real estate enterprises in China for a long time,and is subject to more serious financing constraints than before.This will have a negative impact on the development of the real estate industry,and even affect the local economy.The high degree of financing constraints of real estate enterprises will affect the capital structure,investment efficiency and corporate image of real estate enterprises,thus affecting corporate performance and restricting the development of enterprises.Therefore,it is more important to ease the financing constraints compared with real estate enterprises.This paper hopes to study the impact of financing constraints on corporate performance and analyze the financing constraints of real estate enterprises in different time periods and different financing constraints.The impact of corporate performance and the mitigation measures should be taken to provide some reference for the real estate industry.This paper summarizes the reasons why Chinese real estate enterprises fall into financing constraints,the impact of financing constraints on the performance of enterprises,and discusses how to broaden financing channels,reduce financing risks,and achieve healthy and good development.Therefore,this paper combines literature and theory to synthesize the mechanism and path of the impact of financing constraints on the performance of real estate enterprises.Then we use regression analysis to test the negative correlation effect of financing constraints on corporate performance.Then take h real estate,a listed real estate company in China,as a case study,to analyze the different financing constraints of real estate enterprises in different development periods and the impact on enterprise performance.As a real estate development oriented enterprise,H real estate has faced three stages of financing constraints since its establishment.In order to deal with the problem of financing constraints,H real estate takes different measures when it is constrained by different stages of financing,so as to fill the capital gap,obtain more investment opportunities,improve its corporate performance,and promote the sustainable and healthy development of enterprise diversification.The real estate industry should learn from the mitigation measures taken by H real estate under the financing constraints.At the same time,we should combine our own situation,proceed from the reality,and learn from each other in the case of H real estate.Find appropriate mitigation measures to promote the better development of the real estate industry.