Study On The Implementation Feeect Of Tgood Green Asset Securitization

In recent years,with the continuous development and evolution of green asset securitization in China,the relevant regulatory policies and laws and regulations have also been poor and revised,which has made great progress in the development of China ’s green asset securitization business,so as to achieve a double leap in quality and quantity.Compared with traditional asset securitization,the financing subject and basic assets of green asset securitization are limited,the financing methods are more diverse,and the financing approval enjoys the ’ green channel ’,which is a feasible strategy for green enterprises to broaden their financing channels.This paper chooses the Special Plan for Green Asset Securitization as the research object,which can be divided into three parts.The first part first explains the background and significance of the case selection,reads and sorts out the literature on green asset securitization research at home and abroad,and draws the content and methods of this study on this basis;secondly,it expounds the related concepts and theoretical basis involved in this paper.The second part is the introduction of the case study enterprise.Firstly,it analyzes the general situation of the issuance of domestic green bonds and green asset securitization market.Then,it introduces the main business and financial status of the case study enterprise,and focuses on the analysis of its implementation of the green asset securitization special plan.The third part is the evaluation of the implementation effect of the Special Plan for Green Asset Securitization.This part is divided into financial benefit evaluation and non-financial benefit evaluation.At the level of financial benefit evaluation,firstly,the event study method is used to analyze the change of the excess return rate of Trillard stock,so as to evaluate its short-term market reaction;secondly,it analyzes the improvement of the special plan on the operating conditions of Trende;then,the entropy weight method is used to construct the index system to evaluate the impact of changes in financial indicators and the EVA industry value added method to analyze the changes in corporate value,so as to evaluate its long-term comprehensive performance impact.At the non-financial benefit level,through its special plan tracking evaluation report,it mainly analyzes its effect on the establishment of green image,the promotion of environmental benefits and the realization of social responsibility.Through the above research,it is found that the implementation of Green Asset Securitization has a positive effect,which not only alleviates its financial pressure,but also finds solutions to the problem of high accounts receivable,revitalizes stock assets,improves asset liquidity,and optimizes its capital structure to a certain extent.It expands more possibilities for future financing channels to cope with future potential capital needs.According to the case study of the implementation effect of the Trudeau special plan,the desirable experience and shortcomings of the implementation of the special plan are obtained and suggestions for improvement are put forward.