Research On The Effect And Risk Evaluation Of Green Asset Securitization Of L Company

With the popularization of the concept of green development and the accelerating pace of ecological civilization construction,China’s efforts to promote the progress of renewable energy power generation industry continue to increase,which ushered in a stage of rapid development.Due to objective reasons such as insufficient financial funds and industrial expansion,the gap of state subsidies for renewable industries has gradually widened,and enterprises cannot receive financial subsidies in time.At the same time,enterprises in a period of rapid development are facing higher debts and obviously increased financial pressure.Therefore,how to optimize the capital structure and improve the cash flow status of the company while meeting the financing needs has become an urgent problem for many renewable energy power generation enterprises.As a new financial tool,green asset securitization can optimize the capital structure of enterprises,improve the liquidity of assets,and at the same time have the advantage of policy support,which also provides a new idea for renewable energy power generation enterprises to solve the financing problems.In this paper,theoretical analysis,data analysis and specific cases are used to study the effects and related risks of L Company’s implementation of green asset securitization to raise funds.Firstly,based on the related research results at home and abroad,the definition,operation mechanism,financial impact evaluation method and risk-related theory of green asset securitization are analyzed in detail,which lays the theoretical foundation for the following analysis.Secondly,it analyzes the motivation of L Company to implement green asset securitization from both external and internal factors,and analyzes the characteristics of green basic assets and their future cash flow,and combs the issuance process and specific issuance scheme.Thirdly,use financial index analysis and enterprise value index to evaluate the financial impact of this issue;Finally,it analyzes the shortcomings of L Company’s fundraising plan,analyzes the risks faced by L Company,and puts forward risk management suggestions for L Company and the future development of green asset securitization,trying to provide reference for the green environmental protection industry and other renewable energy power generation enterprises in the industry to innovate financing methods through green asset securitization measures.