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Impact of Listing and Financing of Chinese Companies in the Context of the New Crown Epidemic

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DOI: 10.23977/accaf.2024.050119 | Downloads: 3 | Views: 184

Author(s)

Yuqing Li 1

Affiliation(s)

1 Graduate School of Government and Business, Yonsei University, Seoul, South Korea

Corresponding Author

Yuqing Li

ABSTRACT

This paper examines the impact of STEM on the listing and financing of Chinese enterprises and finds that enterprises' listing and financing channels are reduced, financing demand increases, and financing becomes more difficult. In 2020, due to the outbreak of STEM, the number of A-share IPOs and the scale of financing have increased year by year, but the break-up rate is relatively high. According to the different types and scales of enterprises, the financing methods of enterprises will be different. This paper also examines the relationship between the financial asset allocation of SOEs and loose monetary policy, as well as the role of internal control in corporate governance. Loose monetary policy helps to increase the level of financial asset allocation of real enterprises and promote economic growth. Strengthening internal controls can better promote the innovative performance of enterprises. The implementation of targeted fiscal policies and the strengthening of coordination and cooperation between fiscal and monetary policies will promote economic growth while ensuring the rational use of financial policies.

KEYWORDS

New Crown, listed company, IPO

CITE THIS PAPER

Yuqing Li, Impact of Listing and Financing of Chinese Companies in the Context of the New Crown Epidemic. Accounting, Auditing and Finance (2024) Vol. 5: 135-142. DOI: http://dx.doi.org/10.23977/accaf.2024.050119.

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