TResearch On The Financial Impact Of Fund Occupation Of Tianxiang Environmental Major Shareholders

The rapid development of the capital market has brought the convenience of financing to enterprises,but relative to the large shareholders of the company,the small and medium shareholders of listed companies are in a disadvantaged position,and the issue of trust between large shareholders and small and medium shareholders is more and more worthy of attention.Large shareholders rely on their own control advantages,often through related party transactions,directly occupying listed company funds,let listed companies give large shareholders or related parties illegal guarantees to occupy the funds of listed companies,etc.,to achieve the transfer of their own interests and affect the listing The normal development of the company,and the interests of small and medium shareholders are damaged,which has a serious negative impact on corporate performance and hinders the healthy development of China's capital market.This article takes Chengdu Tianxiang Environmental Co.Ltd.as an example to analyze and explore the capital occupation of major shareholders of GEM listed companies.This paper analyzes the annual report data of each year since the listing of Tianxiang Environment and the industry data of the corresponding year.The impact of the large shareholder 's capital occupation on the company 's operation is devastating.It has a great impact and puts Tianxiang environment at risk of bankruptcy.After further analysis,it was found that the main reasons for Tianxiang Environmental's major shareholders to take up funds so unscrupulously are mainly divided into internal and external reasons.Internal is the internal control failure caused by the company's internal governance is invalid,and external is mainly the system and regulatory issues.In order to manage the problem of large shareholder capital occupancy in the Tianxiang environment,the article makes recommendations from the following aspects.First,the shareholding structure must be optimized so that the company can form a company situation controlled by several large shareholders,which can effectively supervise corporate managers.Function to form a strong binding force.The second is to strengthen the system construction of the board of supervisors and independent directors,so that enterprises are under supervision from multiple angles.Increasing registered accounting is an audit of the way inwhich large shareholder funds such as related party transactions are used.Finally,it is necessary to strengthen external supervision and inspection of external audits.For companies that have undergone large-scale mergers and acquisitions after listing,we must deal with relevant decision makers and parties.Be held accountable.