| In recent years,equity pledge financing has grown rapidly in a good capital market environment,because it can pledge equity to financial institutions to obtain funds for various investments of enterprises.However,equity pledge financing can only alleviate the company’s short-term financial difficulties,which has a very serious damage to the long-term company value,and there are many potential risks.On this basis,this article chooses a case to analyze the impact of equity pledge on the value of the company,which has important practical significance.In this article,HuayiBros.MediaGroup is selected as the research subject,through the intuitive calculation of the impact of major shareholders’ equity pledge on the company’s value,through the analysis of the motivation of equity pledge and the path of in-depth study of equity pledge,it is found that HuayiBros.MediaGroup’ increase of equity pledge financing will lead to the decrease of the company’s value,the poor market effect,the aggravation of the separation of major shareholders’ control rights and cash flow rights,and the infringement of major shareholders’ rights The interests of shareholders increase the risk of transfer.In order to reduce the negative impact of equity pledge on the value of the company,HuayiBros.MediaGroup is suggested to improve the governance structure of the board of directors and the board of supervisors,strengthen the risk control of the company,disclose as much information related to equity pledge as possible,and make appropriate decisions in line with policy changes.In order to avoid the risk of equity and reduce the loss to the value of the company,the case company is really aware of the security risks brought by equity pledge,and pledge equity in a way suitable for the company’s operating conditions. |
