Research On Yaxing And Jiangshan Chemical Company Comparative Study Of Financial Distress To Restore

In recent years,the domestic market economy fast development,the transformation into the critical period of development.Domestic enterprises ushered in new opportunities for development,at the same time,enterprises will encounter many new problems,especially in financial trouble recovery problem of listed companies in our country,once the crisis happened,will to the enterprise,industry,and severely influence the whole economic development situation.For financially troubled companies,therefore,must think positive solutions strategy to get rid of financial difficulties,so to our country enterprise financial distress recovery problem study is very necessary.In this paper,the paper compares the countermeasures taken by the two companies in the case of the Yaxing chemical and Jiangshan chemical industry in order to analyze their differences.Differences mainly includes three parts:the first part is the difference in government subsidies,the enterprise financial distress occurs,should from the internal to analysis the reason and take active measures,rather than wait for generous government subsidies to restore financial difficulties,modest dependence of the government subsidies,financial distress enterprises in favor of its;The second part is attitude towards the main difference,for the main business investment in research and development,the main business of mismanagement properly handle,considering the sustainable development of financial distress enterprises more conducive to recover;The third part is the difference of the internal control,the establishment and execution of internal control systems in place,executives too cross,disclosure of information in a timely manner,improvement attitude of financial distress enterprises more conducive to recover.In this paper,based on the analysis of the differences,combining the theory of bankruptcy,corporate governance theory,and the theory of wealth redistribution related theory,puts forward the corresponding solution Suggestions,mainly includes two parts:one is the financial distress enterprises,to strengthen the subjective initiative,clear subject consciousness,optimize the equity structure,perfect the internal control evaluation system,pay attention to the research and development innovation;The second is to regulators,using big data in real time supervision,reasonable allowances,standardize the delisting system,standardize the information disclosure,improve the quality of external audit.In this paper,by collating and analyzing a large number of literature,using the theory of knowledge,combined with the case study,explore more effective ways of financial difficulties to restore.Owing to a long period of time for the selected typical cases and new,therefore has the research value,through a unique comparative study method,can be more intuitive analysis of financial distress recovery,help financial distress company take more effective measures to cope with financial difficulties and recover from financial difficulties as soon as possible,at the same time can be used to improve the study of the current Angle.