Research On The Risks And Economic Consequences Of Equity Pledge In Media Industry

In later a long time,against the foundation of over the top large scale use and visit dangers in China’s capital showcase,banks have gotten to be stricter in supervision and more cautious in loaning,and it has gotten to be more troublesome to issue offers for financing,at which time value vow financing,with fast accessibility of reserves,moo financing taken a toll and moo examination limit,has gotten to be an critical choice for financing for major recorded companies.In any case,at show,the controllers of China’s capital showcase don’t entirely oversee the controlling shareholders’ value vows,and beneath the more centralized shareholding structure of most recorded companies,most of the corporate administration components are not idealize,and a tall extent of value promises will irritate the partition of the two powers of the major shareholders,which can effortlessly lead to ethical risk of the major shareholders.Once the share cost falls underneath the closing line and the shareholder has no cash to recover,the pledgee has the correct to require absent the value or offer it within the auxiliary advertise and such negative data will effectively lead to a encourage decrease in share cost and bring misfortunes to little and medium-sized speculators,particularly for controlling shareholders,the exchange of control caused by value promises too brings turmoil to recorded companies.This appears that China’s value vow financing showcase is still youthful and there are still numerous issues and chance control is exceptionally fundamental.In this context,this article chooses H&R Century Pictures as the case study object to explore the risks and economic consequences of equity pledge financing by major shareholders,and proposes targeted prevention and control recommendations based on the equity pledge risks exposed by H&R Century Pictures.Starting from the status quo of equity pledge in the media industry,this article analyzes the background and situation of H&R Century Pictures’ s equity pledge case based on the equity structure of H&R Century Pictures,the status and motivations of the company’s equity pledge,and the risks of the company’s equity pledge.The impact of shareholder equity pledge on the separation of the two rights,the impact of the company’s financial status,short-term market response,and the impact of the company’s EVA analysis of the economic consequences caused by the equity pledge of H&R Century Pictures’ s major shareholders,and finally the article at the end of the article It draws the conclusion of the equity pledge case of H&R Century Pictures,and proposes targeted prevention and control suggestions based on the equity pledge risks exposed by H&R Century Pictures,and points out the shortcomings of this article and prospects for future research directions.