RJ Introduced Private Investment Impact Analysis Of The Company’s Operating Performance After Listing

In today’s business financing background, companies can obtain capital for rapid development and rapid expansion is particularly important, and access to investment by private equity funds is an important way in which. According to statistical data terminal CVSource hit, in 2013, disclosed a total annual domestic private equity(PE) Case 325, a total investment of $ 21.59 billion. As of the end of August 2014, in 2014 a total of 615 cases from the disclosure of equity investments totaling 128.039 billion yuan investment, the rapid development of equity investment in 2014, the congregation to raise equity has also been considerable development and attention, the financial sector is generally referred to as equity raise the first year of the congregation.PE is currently seen a hot spot. There are even "universal private" momentum. And for enterprises, the introduction of PE funds, generally believed, on the one hand to meet the business needs in the capital, for enterprises to solve the financing problem, and more importantly, can help companies improve their corporate governance, optimize the management, providing Preview of strategic guidance.Research methods used in this paper is the theoretical study and practical case specification method of combining analysis. The basic theory of PE, the new theory of financial intermediation, information transmission model, ownership structure and financial leverage, theory and corporate performance effects associated with the development of the theory as the theoretical basis, then RJ case study describes the RJ related companies background and status, elaborated three main processes RJ accept private investment, and then, with no PE background, but its industrial scale, the same as the listing period, the share capital of the scale and key financial indicators similar to HT as in contrast, the use of a series of financial analysis indicators of operating conditions after listing were measured and evaluated, and the results were compared summarize, the introduction of PE than those without PE backed companies to better serve the company’s positive operating performance. Finally, elaborate the problems of PE companies, and make recommendations. The main innovation of this paper is to analyze the long span of time, then select its listing in 2014 to a total of nine-year study period, the long-term impact on their performance more convincing, while the rich against the proposed introduction of private investment company, in consideration of private investment makes more maneuverability.