The Research On Project Financing Private Placement Of Financial Effect Of Company C

When more and more enterprises choose project financing as the first choice for equity refinancing,people begin to pay attention to this refinancing mode.However,due to the great uncertainty about the financial effect of the project,the research of this paper has some practical significance.Company C is a representative company of video industry.Since its listing in shenzhen in 2008,it has only implemented a project financing oriented private placement in 2013.This paper takes company C as a case to study its financial effect on the private placement of the project financing type.There are three innovation points in this paper.In the past,the research Angle of the literature was not divided into different types.Therefore,the research perspective of this paper selects the specific type of private placement of project financing type.In the past,the analysis of financial effect mainly focused on the empirical research,but there are restrictions of logical induction and the over-simplification of causality.Therefore,this paper focuses on case analysis and comparative analysis,which is combined with event research method.Repeated the financial effect of the research on the financial effect of company C is studied in this paper,and it is hoped that it can be used as a reference for other companies in the same industry.This article mainly uses the case analysis,comparative analysis and the method of event study method,comparing those did not implement the purchase of the companies with the average level of this industry,in view of the project by insect directional issuance of this type to analysis the changes in long-term and short-term financial effects and why did they happen.Firstly,the effects of company C long-term financial were divided into two levels,the priority is the quality of assets,profitability and cash flow.These three directions of various financial indicators study C the financial quality of the company,Followed by the four abilities of company C to analyze a large number of financial indicators.Secondly,analysis of company C 's short-term financial effect.Finally,summarize the conclusions and put forward relevant Suggestions.The study found that: the project finance model considers mesh at different stages of the page(issue in those days,the construction and completion of the earnings period)of company C financial effect is different.Overall,this project financing has a positive influence on financial effect.Finally,we get the policy recommendation: 1)Pay attention to the efficiency of the use of the funds raised by the project financing private placement.(2)Focus on the project financing private placement consider sustainable profitability and development capacity.(3)Conduct risk assessment in a timely manner.This paper makes it possible for both coinage companies and external investors to understand the project's directional rights issue well,and help them to correctly evaluate the financial effect of the company's private placement.In this paper,we hope to provide references and practical significance for companies that have real financing needs in the industry and hope to carry out the project financing type.