The Causes And Performance Research On Equity Pledge Financing Of SD Company In The NEEQ

The NEEQ has a significant advantage in the economic market with its easy restricted entry conditions,low cost and high flexibility,which makes it the first choice for many SMEs.After a company joins in the NEEQ,its financial system becomes more standardized.At the same time,its governance and disclosure systems have been perfected.And the introduction of market maker system enhances the equity liquidity,which leads to a result that it's possible to value the equity.All these changes make it convenient for companies which involved in do equity pledge business.Starting from the market background of the NEEQ,this paper introduces the general situation and financing ways of the NEEQ.Then it studies the equity pledge financing case of SD company which introduces the basic situation and financial situation.Nextly,the paper studies the reasons of its equity pledge financing from the external environment and internal environment.And it uses the method of event study analysis and financial index analysis in the part of case analysis to analyze the performance of the action.Through the research,we can find that enterprise can get the funds needed for production and operation and promote the development of the enterprise by the way of equity pledging without significant negative impacts.This paper provides a reference for the SME to seek more financing channels and solve the financing problems after landing on the NEEQ.