Research On The Financing Mode Of Valuation Adjustment Mechanism And Corporate Performance Of B Company

As everyone knows,the development of enterprises cannot do without funds,financing plays an increasingly important role in the development of enterprises and in the process of sustainable growth,the success of the financing can even take enterprises to the road of healthy development;at the same time,Chinese private enterprises is an important part of socialist market economy,which has the characteristics of flexible mechanism and fast transformation.When compared with state-owned enterprises,private enterprises in our country lack the good support of the financial system,plagued by financial problems in the development process.The choice of the financing way of private enterprise has become more and more important,and even affect the sustainable development of enterprises in the future;in addition,with the development of economy,our country enterprise financing channels become diversified,and valuation adjustment mechanism is a way to promote the management and shareholders converge.In order to achieve common goals for the benefits of financing,valuation adjustment mechanism has become an important strength of the financial market,which many enterprises widely use.More and more private enterprises,including private listed companies,choose the financing mode of valuation adjustment mechanism,so as to seek wider space for development.If valuation adjustment mechanism can be used effectively,the enterprise can get a large amount of external capital,at the same time it can achieve the interests of management and shareholders will be consistent,and it will has important value for enterprises to achieve rapid development and improve the performance of enterprises.Based on the above discussion,the research uses literature research method,case study method,market research method and comparative research method.First of all,the research analyzes the industrial background of B company,and introduce the internal and external environment and two sides of valuation adjustment mechanism to analyse the B company’s background;secondly,reveals reasons of the B company making an agreement,summed up the content of valuation adjustment mechanism;again,the financing effect evaluation is mostly used the traditional financial indicators,but in view of the fact that B company is the private listed companies and EVA fully considers the characteristics of the cost of equity capital,so the use of traditional financial indicators combined with EVA can analyse and evaluate valuation adjustment mechanism on financing of B corporate performance from two dimensions;finally,according to the problems of B’s valuation adjustment mechanism,this study not only provides suggestions to improve valuation adjustment mechanism,also improve the accuracy of performance evaluation,improve the effect of valuation adjustment mechanism,then enhance the value of the company,and provide countermeasures to improve enterprise performance.The research results show that:(1)In the valuation adjustment mechanism of B,it’s not accurately measure the value of its own,set the criteria which is too high,and it doesn’t adjust the valuation timely according to the actual situation,which result in valuation adjustment mechanism having a greater negative impact on B corporate performance;(2)EVA considers the cost of equity capital,and more truly reflects the wealth of shareholders.When the goal is the stock of the enterprise,EVA is a more appropriate evaluation method;(3)with improving valuation adjustment mechanism factors and the EVA performance evaluation system,it can optimize the financing mode and enhance corporate performance,so as to provide relevant countermeasures to broaden financing channels for enterprises which have intention to use valuation adjustment mechanism.In summary,this research conclusion for private listed companies has certain inspiration and guidance for the practical application of valuation adjustment mechanism,and has theoretical value and practical significance for private listed companies to enhance the performance and future sustainable development which has been used for financing and have the intention to use valuation adjustment mechanism.