A Study On The Causes And Effects Of Non-Active Departure Of Listed Companies

Listed companies non-active delisting refers to the listed company due to losses and other reasons no longer meet the securities market in the listing standards,the stock exchange forced to withdraw from the securities market.In China,due to the delisting system of listed companies is not perfect,a variety of factors caused by the phenomenon of non-active delisting of listed companies have occurred,seriously affected the effective functioning of China's securities market,listed companies non-active delisting for the company The financial risk is enough to make the listed companies in trouble.Therefore,the listed companies,government regulators and their stakeholders and scholars of various non-active delisting of the growing degree of attention.It is very important to take control measures in the securities market to avoid the non-active delisting of listed companies and the negative impact on them.Research on the research literature on this issue at home and abroad as a basis:First of all,the listed companies take the initiative to withdraw from the market,non-active delisting and other related concepts described for the non-active delisting system of listed companies to lay the theoretical basis.Secondly,it describes the general situation of non-active delisting of listed companies at present and further analyzes the negative impact of non-active delisting behavior on the company itself,stakeholders and even the whole capital market in China.At the same time,respectively,from the internal and external aspects of listed companies to analyze the main reason for its delisting.In order to clarify the problem more clearly,select our main board listed company ST Bo Yuan non-active delisting as an example,a detailed analysis of the company's financial and operating status,in-depth exploration of ST BoYuan company non-active delisting internal factors In the factors,and then come to the ST BoYuan non-active delisting for the motherboard market warning role.Finally,from the company,stakeholders,government regulators put forward a number of non-active delisting to avoid listing countermeasures and suggestions,but also to the listed companies to warn advice.In short,although the implementation of non-active delisting system of listed companies in the short term will give China's capital market to bring a certain impact,but also let some investors suffer losses.However,in the long run,the establishment and perfection of the non-active delisting system is not only a goal that the government and the supervisory department will strive to implement in the future,but also the direction of the future research.So as to improve the overall quality of listed companies,to improve the securities market into a system,optimize the purpose of capital market allocation of resources.