上市公司公募融资对国内体育用品企业的一般性影响——以李宁公司为例

发布时间：2019-08-02 13:33

【摘要】：通过详细分析公募融资前后李宁公司在财务业绩、资本结构、股东财富等方面的数据,并综合体育用品企业投融资案例的文献,得出:李宁公司通过公募融资,使其在企业资本结构上趋于完善,在财务业绩和股东财富上获得了较大增长。同时,上市也为企业治理和公司内部控制创造了前所未有的制度平台和更合理的制度规范,提升了公司治理水平。这些成功经验为同类企业提供了一条能够迅速提升财富和公司治理水平的融资策略。即企业满足上市的硬件条件后,理性评估自身管理水平是否能适应资本币场和投资者的要求,目前的成长阶段是否为最佳公募时机。时机成熟后上市,便可为企业创建一个更高的资本平台,带来更广阔的商业资源和发展机会。
[Abstract]:Through the detailed analysis of the financial performance, capital structure, shareholder wealth and other data of Li Ning Company before and after public offering financing, and synthesizing the literature of investment and financing cases of sports goods enterprises, it is concluded that Li Ning Company has made it perfect in the capital structure of the enterprise through public offering financing, and has achieved great growth in financial performance and shareholder wealth. At the same time, listing also creates an unprecedented institutional platform and more reasonable institutional norms for corporate governance and internal control, and improves the level of corporate governance. These successful experiences provide similar companies with a financing strategy that can quickly improve the level of wealth and corporate governance. That is, after the enterprise meets the hardware conditions of listing, it rationally evaluates whether its own management level can meet the requirements of capital currency and investors, and whether the current growth stage is the best time for public offering. When the time is ripe for listing, it can create a higher capital platform for enterprises and bring broader business resources and development opportunities.
【作者单位】：吉林体育学院;北京体育大学;
【分类号】：F426.8;F832.5

【参考文献】