The Research On The Financing Effect Of Green Asset Securitization Of B COMPANY

With the rapid development of the economy,the pressure on the environment is increasing day by day.In order to promote the high-quality development of China’s economy and help the green transformation,the relevant departments have made policy guidance for the investment and financing behavior of enterprises.Among them,green asset securitization,as a financing tool for the development of the green and low-carbon cycle of the economy,has entered the vision of enterprise choice.It can meet the needs of the green transformation of the real economy,and at the same time effectively match the characteristics of the term mismatch in the financial leasing industry,and should play a greater role in corporate financing.In this paper,the green asset securitization of enterprise B is selected as the research object.This paper is analyzed around the theory of information asymmetry,asset restructuring theory,and symbiosis theory.Analyze the reasons for the development,implementation process and implementation results of the special plan for green asset-backed securities of Enterprise B in turn.On the basis of the analysis of the implementation results,the financing effect of green asset securitization of Enterprise B is further explored in the short and long term,respectively.In the short-term effect of financing,the event research method is selected,and the excess yield and cumulative excess yield are used as the analysis indicators to explore the market response of green asset securitization financing of enterprise B.In the long-term effect of financing,two aspects of financial performance and environmental benefits are selected in combination with the relevant characteristics of green asset securitization.In terms of financial performance,factor analysis method is selected to comprehensively evaluate the profitability,solvency and sustainable development ability of enterprise B’s green asset securitization financing;in terms of environmental benefits,the mutation series method is used to use the normalized formula for comprehensive evaluation to analyze the actual effects achieved by enterprise B in terms of environmental benefits.On the whole,the issuance of green asset securitization meets the requirements of national policies for enterprise development,and for enterprise B itself,it also meets the needs of its business transformation,cultivating competitiveness and optimizing financing structure.In addition,the symbiote benefit optimization with B enterprise as the core has been optimized,and social and economic sustainable development has been promoted.Based on the above financing effects,the following enlightenment is drawn,in order to provide a reference for enterprise B and enterprises in the same industry to carry out green asset securitization financing.Relying on green policies,we choose financing methods;broaden basic assets to help transform the green economy;strengthen information disclosure and promote information symmetry;adopt risk mitigation to protect the rights and interests of holders;form symbiotic energy to promote enterprise symbiosis.Green asset securitization is becoming an important driver of the transformation of green economy,through this study in order to provide reference opinions for the follow-up financing of B enterprises and enterprises in the same industry,promote the further broadening of corporate financing channels,and attract more capital to devote themselves to the construction of green projects.