The integration of industry and finance refers to the combination of industrial capital and financial capital within an enterprise.It is an inevitable product formed after the market economy has developed to a certain stage and is an effective way for enterprises to conduct diversified operations.Many large domestic and foreign companies have chosen to cooperate with financial institutions to adapt to the rapidly developing market economy and improve their own financial performance.Metal companies are facing the problems of large capital occupation and high financing constraints.More and more metal companies are implementing strategies for integrating industry and finance to achieve diversified operations and improve their financial status.As a pioneer in the industry-finance integration of metal companies,Hailiang shares in-depth research can not only understand the effectiveness of Hailiang’s industry-finance integration,but also provide important theories and practices for other companies of the same type to formulate industry-finance integration strategies.significance.Hailiang began to get involved in the financial industry in 2008,and during this period it has continuously adjusted the financial strategic layout of the company.The depth and breadth of the integration of industry and finance are constantly changing,and whether the integration of industry and finance can really improve the financial situation of Hailiang.Improving financial performance is worthy of further discussion.Through mechanism analysis,the full text explores the impact of industry-finance integration on financial performance from three aspects: the entry of industry-finance integration,the depth of industry-finance integration,and the breadth of industry-finance integration.Empirical test of the law between industry-finance integration and financial performance in the metal industry.Based on the regression results of metal companies’ industry data,we will study the impact of industry-finance integration on Hailiang’s financial performance,and explore the impact of Hailiang’s industry-finance integration on the financial performance of Hailiang Co.Ltd.The relationship between its financial performance.The study found that: the combination of industry and finance can effectively improve the financial performance of enterprises;the higher the proportion of shares in financial institutions held by enterprises,the more significant the improvement of financial performance;the more financial institutions they hold,the greater the improvement of financial performance.Significantly.Hailiang Co.Ltd.is basically consistent with the industry data.Although the financial performance has been volatile during the 11-year period of the integration of industry and finance,it is in a state of steady growth as a whole.Through theoretical and empirical research,it is possible to understand whether Hailiang’s industry-finance integration behavior is effective,whether it is consistent with industry data,whether it helps to improve the financial performance of the company,and helps Hailiang to adjust the strategic adjustment of the company’s financial institutions..The thesis has 10 figures,19 tables,and 53 references. |