Research On The Countermeasures To Improve The Investment Efficiency Of Company A

Investment decision involves raising and configuration efficiency of funds,as the main drivers of company growth and an important foundation for the future cash flow growth,affect the company's operatin g risk,profitability and capital market and the development prospect of evaluation on its performance,from the macroscopic level,sewing industry as an important carrier of state-owned economy,speed up the R&D investment plays an important role in sewing industry transformation,but the efficiency of investment allocation inefficiency restricts the economic development,therefore,to study make enterpirse investment behavior,analyses the reason of the efficiency of investment and consequences,It is of great practical significance to improve the investment efficiency and enterprise value of sewing enterprises.From the micro level,as a typical state-owned enterprise,company A can promote the benign development of its business performance and enterprise value by improving the investment efficiency.Taking A company as an example,analyzes the organization structure and the financing present situation,in 2009-2018 and the profit ability,debt paying ability,operation ability and development ability of comprehensive analysis,with the aid of Richardson model from macro(industry)and micro(A company)confirmed that the existence of A company efficiency two Angle investment phenomenon,for further investment efficiency problems in A company,and from the financing situation,the three factors of corporate governance and external environment analysis the deep reason of the efficiency of investment,A company based on this,find out the optimized scheme and the safeguard measures,the main research conclusions are as follows:First capital flow is not smooth and project decision-making errors lead to inefficient investment of company A.Distribution of funds,lack of borrowers credit evaluation,capital recovery result in slower sedimentation phenomenon is very outstanding,all kinds of investment funds to devolve delay,at the same time,raw material prices rise,cause capital turnover difficult,in the decision-making of the project planning project not fully analyzed all the possibility and feasibility of follow-up investment estimated costs from target control lead to the shortage of capital chain,the actual completion time deviating from the expected time nodes,time limit for a project to stress of refined parts appear omissions,there is a quality risk investment projects.Second,the imbalance of corporate governance structure,lack of risk management mechanism and excessive reliance on government subsidies are the main reasons for the inefficient investment of company A.In terms of corporate governance,the management is superior to the internal control,but the management does not set penalty measures.In terms of risk management,the pre-budget planning is not sensitive,the project tracking is not controlled,and the post-audit supervision lags behind.In terms of government subsidies,enterprises have relaxed management,become dependent on the government,and have a low R&D and innovation capacity,which has exacerbated overcapacity.Third,this paper mainly optimizes the investment efficiency of company A from three aspects:governance structure,investment structure and resource allocation.By introducing external institutional investors,arousing subjective initiatives of medium and small shareholders control methods such as checks and balances big shareholders,in A variety of types and duration of debt financing way of combining the multivariate restructuring mode to the rational allocation of capital structure,increase the exploration investment proportion upstream raw materials and downstream sales channels to boost A company supply side of the structure of the intelligent transformation,rational utilization of the government subsidy funds actively carry out technical research and development to upgrade,so as to effectively improve the efficiency of investment the problems in the process of project investment.Fourth,improving the internal control system,strengthening the financial risk control and improving the utilization rate of information technology are the safeguard measures of the optimization plan in this paper.In terms of financial risk control,financing plan and budget analysis should be made,capital balance should be achieved in investment,and credit evaluation and file management should be established in operation.In terms of the utilization of information technology,we should actively utilize the big data platform,network and mobile terminals to establish a complete information system and optimize the investment and utilization efficiency.In theory,we analyze the influence of governance structure,project decision,financing choice and government subsidy on investment efficiency.In practice,we provide a guiding scheme for enterprises to improve the quality and structure adjustment of investment efficiency,project decision optimization and the selection of financing tool and lens.