Research On Financial Performance Of Holistic Listing Of Western Entrepreneurship

In recent years,the reform of state-owned enterprises in China has become more and more vigorous.Overall listing is one of the important ways,through which enterprises hope to integrate the industrial chain,reduce related party transactions,and achieve leapfrog development.At the same time,with the rapid development of China’s railway construction,many railway transport enterprises try to adopt the overall mode of listing.However,with the increase of overall listing behavior,overall listing presents different trends for the long-term development of enterprises,and many scholars have different views on the long-term financial performance of overall listing.Therefore,in the railway transportation industry,whether the overall listing can promote the healthy development of enterprises,whether it can have a longterm positive impact on enterprises,it is worth further study.Through combing existing literature and combining cases,this paper conducts in-depth analysis on the impact of overall listing on financial performance.Specifically,this paper takes western entrepreneurs as samples to analyze the impact of Ningdong Railway’s overall listing on its financial performance.The entropy method is combined with the grey correlation analysis method to calculate the index coefficient of the company through the objective weight of the former and the index coefficient of the latter,and the final analysis result is obtained by combining the two methods.The analysis Angle is divided into the enterprise’s own vertical financial performance analysis and horizontal financial performance analysis compared with the industry.In the longitudinal financial performance analysis,a total of 12 indicators in 9years of western entrepreneurship are selected to analyze the impact and change of overall listing on western entrepreneurship itself.In the horizontal financial performance analysis,select comparable enterprises in the railway transportation industry,explore the overall listing performance of western entrepreneurship in this industry,and the impact of overall listing and non-overall listing on railway transportation enterprises.Through the above analysis,the main conclusions of this paper include: First,the overall listing of Ningdong Railway brings positive financial performance to western entrepreneurship.The results of capability analysis show that overall listing has a positive impact on the financial performance of western start-ups,but there is a certain lag in some regions.The injection of Ningdong railway assets extends the industrial chain and asset layout of western entrepreneurship,and brings substantial improvement to the year of financial statement integration,so as to achieve sustainable and stable development.Secondly,in the horizontal comparison,the overall listing model has little positive impact on corporate performance.Overall,the overall listing has a positive impact on western entrepreneurship itself,and gives play to the synergistic effect of the integration of the two industries.Combined with the research conclusions,some suggestions are put forward for the future development of entrepreneurial railway transportation enterprises in western China.In the future,entrepreneurial enterprises in western China should try to get rid of the shackles of single business,expand the industrial chain,actively promote the marketization of freight and reduce freight risk.In addition,unlisted railway transport enterprises should not blindly follow the reform trend,choose their own way of listing,and strengthen cost control while making good development plans,so as to avoid cost control problems offset the positive impact of listing.As a listed company,we should put the protection of minority shareholders’ rights and interests in an important position and establish a reasonable and effective feedback mechanism for minority shareholders.