Study On How Introducing Pe Investment To Sichuan Meifeng Will Effect On Corporate Governance And Operating Statue

At present,private equity investment has become one of the main financing methods of Chinese enterprises,which has great effects on promoting industrial upgrading,improving the corporate governance structure and promoting the development of small and medium-sized enterprises even mature enterprises.Enterprise’s introduction of private equity investment not only obtain the funds of production and operation,more importantly,this financing and investment model brings the experience of supervision management and value-added effect to the enterprise.Most of the scholars from the empirical study of large data and related risk research to analyze the private equity investment.Some foreign researches found that effective private equity investment has a positive impact on the enterprise.PE intervention can improve the governance of the company’s management and operating conditions,after several years of operation,private equity investment institutions can also get high returns when they exit But from the PE into China’s capital market development in the decades found that not all investment value can be improved In the investment process,China’s private equity funds are often sacrificing the company’s long-term interests of the "short-sighted behavior",more is to consider their own interests.Investors will change the structure of the board of directors and influence the behavior of the board of directors during the management of the investee company that investors participate at the same time.But this kind of joining did not produce a good governance effect and the operating company’s investment situation has not been improved accordingly.The article analyzes the problem from the perspective of the invested company-”Sichuan Meifeng”,takes Sichuan Meifeng" to introduce "Xinhong Yuanchuang" private equity fund investment as an example and focus on the impact of private equity investment on corporate governance and business conditions for the future introduction of listed companies to contribute to the development of private equity investment.This paper combines the existing principal-agent theory and corporate governance theory and discusses the problems from the aspects of corporate management,ownership structure and strategic level.The results of the analysis show that some PE institutions are still a passive,passive role in the internal governance of the company.But "Sichuan Meifeng" profitability and cash acquisition capacity have declined,the development capacity is also no good trend,significantly higher debt service pressure,operating capacity changes smaller,and "Xinhong Yuanchuang" in the investment to obtain the Rich in return,in this investment in the investors to obtain a high return and the value of the company’s investors have not been a corresponding increase,which is the problem of the value of this study.