Research On The Motivation,course And Economic Effect Of Jiuri New Material Transfer Board Science And Technology Innovation Board

As an important part of China’s multi-level capital market,the new OTC market can not only provide financing channels for innovative small and micro enterprises,but also provide a trading platform for equity transfer for innovative small and micro enterprises.With the continuous development of the company and the increasing demand for capital,it is difficult for the new OTC market to provide high-quality financing to the market enterprises.When enterprises are faced with severe financing difficulties,in order to break through the capital bottleneck,enterprises tend to transfer the board to the capital market with more perfect financing functions.At present,some NEEQ enterprises have successfully transferred to the capital market at a higher level.In order to improve the success rate of enterprises to be transferred to the board,it is necessary to study the behavior of NEEQ enterprises to switch to the board and summarize the experience of switching to the board.In this paper,through qualitative and quantitative analysis,analyzing jiuri new material turn plate and rotating plate,jiuri new material turn plate to Science and Technology Innovation Board before and after the change of the economic effect,finally to try the new OTC market,rotating plate enterprises and jiuri new material three Suggestions and decisions.This paper mainly adopts literature research method,case study method and event study method to comprehensively explore the motivation,process and effect of jiuri New Material board conversion,and provide case reference for other companies to implement board conversion listing strategy.Through the analysis,it is found that based on the motivation of The conversion of jiuri new material to board,the lack of liquidity,valuation discount and poor price discovery ability of new OTC market promote the conversion of jiuri new material to board from the outside,and the needs of business scale,brand building,technological innovation further lead to the company’s conversion motivation;Through the analysis of the influence mechanism,it is concluded that the board conversion will bring a lot of capital and market attention to the enterprise,which indirectly improves the enterprise’s financing ability,operating efficiency,innovation ability and brand influence.However,due to the insufficient use of capital by Jiuri new material,its operating efficiency is reduced.In terms of enterprise value,the stock liquidity,shareholder wealth and market value of jiuri new material have been significantly enhanced.Comprehensive analysis of the jiuri new material board listed in full,it is concluded that the rotating plate brought positive effect to break through the bottleneck of long new materials,and got the following idea: for tnew OTC market enterprise intends to turn plate,need to clear their own development status,and location,the policy interpretation and adaptation,starting from the conditions of their own to re-examine the gap between itself and that it would be conditions,to increase probability;Enterprises that have successfully transferred board should improve the efficiency of using raised funds,promote the systematic construction of operation and management,and promote the stable,sustainable and rapid development of the company.