Font Size: a A A

Research On The Impact Of Shandong Jintai's Debt Restructuring On The Company's Financial Performance

Posted on:2020-04-09Degree:MasterType:Thesis
Country:ChinaCandidate:L J RenFull Text:PDF
GTID:2431330572996470Subject:Accounting
Abstract/Summary:PDF Full Text Request
In the context of rapid market economy development,some listed companies,especially those with poor operating performance,often use debt restructuring to resolve the company's debt disputes.Some companies have restructured their debts to realize profits and gained new development hopes;some companies have implemented debt restructuring,but they have not helped the company's financial performance;some companies have slowly used debt restructuring as a way to improve their debt situation.Ways.As the restructuring standards for reviewing debt restructuring in China are constantly improving,whether the debt restructuring activities will actually change the company's future performance and maintain the company's considerable profitability and impact on the company's financial performance remains to be further studied..This paper takes case analysis as the main method,taking "Shandong Jintai" as an example to analyze whether the financial performance in the short term is affected by debt restructuring activities,and the event research method is used.Through calculation and analysis,we can see that the company's short-term financial performance has not been affected by debt restructuring activities;during the company's medium and long-term development,this paper uses its financial indicators,economic value added and factor scores to analyze debt restructuring.What does a good company do? On this basis,through the comparison of the financial indicators before and after the company's debt restructuring and the EVA and factor analysis scores,it is judged that the company's financial performance is affected by the debt restructuring activities.It can be seen that the debt restructuring has a medium and long-term financial performance for Shandong Jintai.The positive impact is not obvious.Finally,the paper concludes that debt restructuring does not necessarily have a positive impact on the company's financial performance,and provides some reference for companies that want to improve their financial performance through debt restructuring.
Keywords/Search Tags:listed company, Shandong Jintai, debt restructuring, financial performance
PDF Full Text Request
Related items