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The Influence Of The Pledge Of The Controlling Shareholder’s Equity Of A Listed Cultural Media Company On The Company Value Research

Posted on:2022-09-30Degree:MasterType:Thesis
Country:ChinaCandidate:Y ZhouFull Text:PDF
GTID:2518306341493314Subject:Master of Accounting
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In recent years,with the development of my country’s economic level and the improvement of assets and cultural levels,the cultural media industry has increased,the listed companies have increased,and the size and good management practices.If companies like this want to develop,they can’t do it without funding,but their assets are soft assets,such as copyright and property rights of film and television production.They have a small amount of heavy equipment and a lack of resources,which cannot be carried.exit through traditional financial methods.Due to the high level of equity and the high degree of equity,the way of securing equity can be simplified to the funds of listed companies.For listed companies,taking a portion of high-quality equity and pledging to financial institutions can earn money for day-to-day operations and the development of new investment projects.Over the past few years,under a stable and favorable capital market,equity liabilities have remained valid.The number of equity liabilities has increased on A shares and the proportion of liabilities has increased.right every year.With strong government support there have been broad-based policies in the past,and the rapid development of the capital market has increased the opportunities for the financing of listed cultural media companies.In addition,the stocks of listed cultural medicine companies are of good quality,with a number of selected cultural medicine companies choosing the right pledges for the increased budget.The accuracy of the listed cultural media companies is different to other companies.If used as a guarantee for a budget,its easy-going nature adds its color.However,the fact that proper funding can reduce a company’s youth financial risk in the short term and bring potential risk factors to the company,which can seriously affect the company’s value.in more detail.For listed companies,the effect of the liability guarantee on the value of the company must be clear.Based on the above-mentioned information,this article selects a leading company in the cultural media world-Beijing Enlight Media Co.,Ltd.for case analysis.influence to manage the recipient’s direct liability to the corporate value of listed companies in the cultural media world.First,it shows the background of Beijing Enlight Media Co.,Ltd.,second,it introduces the approach and character of Beijing Enlight Media Co.,Ltd.administering the faithful oaths of the holder.Based on various financial analysis methods and Tobin’s Q project,conduct an in-depth analysis of Beijing Enlight Media Co.,Ltd.’s direct liability.Focusing on the comparison of changes before and after the pledge,after the pledge of the pledge is issued,the final analysis of the validity of the pledge of the Enlight managing agent is determined.Media for the value of the company.By analyzing the reasons why companies choose the right variables and the way in which a company’s liability affects the value of the company,conduct an in-depth study of variable commitment behavior.Eventually Enlight Media will increase its equity pledge,the proceeds from the fund will result in a benefit to the company,but the decline in the company ’s value over a long period of time will affect the market.There was a strong separation of management and financial control,which adversely affected the interests of shareholders at all levels,and increased the risk of transfer.After the company quickly releases the pledge,the value of the company is expected to increase.To minimize losses due to damage to the company’s value proposition,assumptions about the pledge of listed cultural media companies were derived from both the company’s internal governance and the external inspection.Companies that have become involved in cultural media such as Enlight Media need to improve their governance practices.By working with the government and financial institutions,they must disclose details of the correct pledges.In accordance with the company’s operating rules and policy changes,Decisions on equity obligations prevent the risks posed by equity obligations and protect the value of the company from being lost.
Keywords/Search Tags:Equity pledge, Cultural media enterprise, Company value, Financial status, Tobin Q
PDF Full Text Request
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