Analysis Of The Causes And Consequences Of Related Entrusted Loans Of Listed Companies

Entrusted loan refers to the loan provided by the principal and issued by the commercial bank(the trustee)on behalf of the borrower,purpose,amount,currency,term,interest rate,etc.determined by the principal,assisting in supervising the use and assisting in recovery.Due to the imperfection of external capital market and the difficulty of financing for small and medium-sized enterprises,entrusted loan business is more and more common in today's market.Therefore,Datong coal industry is selected as the research object of the related entrusted loan in the coal industry.Datong coal industry,as a listed company,has financing channels,but its subsidiaries are difficult to finance.Therefore,Datong coal industry is selected as the research object to explore the motivation and implementation consequences of its associated entrusted loan,and finally,based on this,the paper summarizes management suggestions.This paper takes Datong coal company as the case study object,first introduces the company from three aspects:the basic operation of the company,the ownership structure and the industry status of the company;then analyzes the capital situation of Datong coal industry,and combs the operation mechanism and environment of Datong coal related entrusted loan;then from the implementation of the contract subject,the implementation path and delivery of the related entrusted loan The rules of e-commerce introduce the specific strategies of the company to implement the associated entrusted loan.In terms of motivation,we should start from replenishing working capital,saving financing cost,weakening tax avoidance effect of capital and improving overall ability.The consequences of entrusted loans are in line with the above-mentioned motivation analysis,and the market performance and financial performance are increased.The car value is used to analyze whether the market has a positive or negative response to the company's announcement of entrusted loans in the short term.The five-dimensional financial indicators are used to analyze the change of the company's financial situation after the implementation of the associated entrusted loans.Finally,the paper puts forward the conclusion,enlightenment and prospect.When the listed companies implement the associated entrusted loan,they can reduce the risk of the entrusted loan by standardizing the operation mechanism of the entrusted loan,strengthening the construction of financial intermediary,standardizing the disclosure of relevant information,and establishing the liability mechanism of the associated entrusted loan,so as to play a better benefit.