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Reasearch On Capital Structure Optimization Of IAT Automobile Technology Co.,Ltd.

Posted on:2019-06-21Degree:MasterType:Thesis
Country:ChinaCandidate:H Y WangFull Text:PDF
GTID:2382330572952270Subject:Accounting
Abstract/Summary:PDF Full Text Request
For the New Third Board enterprises,those that can IPO are relatively high-quality companies.However,due to the current liquidity dilemma of the New Third Board and the huge valuation increase effect of the A-shares,the transfer of IPOs has become a lot of companies aims.If an enterprise wants to achieve IPO transfer to the market,then a reasonable capital structure plays a crucial role in achieving the company's financial goals and sound management.This article according to use the theory of capital structure,combined with IAT Automobile Technology Co.,Ltd.,which is now in New Third Board and preparing to land on the Small Board,as the specific case study object,and in combination with its current actual operations,to further analyze the company's current financial situation and The current state of capital structure.First of all,through in-depth analysis of its main financial indicators over the past five years reveals the current status of lAT's capital structure and the reasons for its formation,in order to find a more reasonable and suitable capital structure for 1AT's 's healthy development,making lAT's financing channels.Smoother and improve the core competitiveness of lAT's,to maximize the value of lAT's.Secondly,based on the theory of capital structure,this paper hopes to apply it to the practice of optimizing the capital structure of the company and compare horizontally with the representative automobile service companies listed on the Main Board in the same industry to analyze whether the capital structure of the company is Reasonable and whether there are problems.And finally,for the analysis of the problems proposed by the company's capital structure optimization and optimization proposals,establish a linear programming model suitable for lAT's capital structure optimization,static model and dynamic adjustment combined,static optimization Using the optimal capital structure quantitative analysis model,the dynamic adjustment based on the static model uses qualitative and quantitative analysis methods to analyze the effect of the company's capital structure's influencing factors on the dynamic range,and to find the capital structure range suitable for Alter Corporation.The perspective provides a more accurate basis for lAT's capital structure decision-making,so as to seek a more reasonable and effective way to achieve lAT's corporate value maximization and its healthy and reasonable governance structure.At the same time,through the rational optimization of lAT's capital structure,it will serve as a reference for the optimization of the capital structure of the New Third Board Company,and also provide some theoretical support and case examples for other companies in the same industry to optimize the capital structure.It will play a role in promoting enterprises that want to achieve IPO.
Keywords/Search Tags:Capital Structure, Capital Sturecture Optimization, Static Optimization, Dynamic Adjustment and Optimization
PDF Full Text Request
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