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上市公司在首次公开募股发行(简称IPO)之后,为了不断发展会选择再融资来弥补自己资金短缺的问题,而再融资与信息披露质量息息相关。上市公司信息披露质量对投融资双方至关重要,一方面信息披露质量的提高可以使投资者更好的了解上市公司的真实经营情况,做出合适的投资决策,降低投资风险;另一方面通过提高上市公司信息披露质量可以降低投融资双方信息不对称程度,降低融资成本。本文基于广西上市公司信息披露与再融资的相关数据,分析了广西上市公司信息披露质量和再融资的现状,从广西上市公司信息披露质量的高低水平来分析其对广西上市公司再融资的成本和规模的影响。
After the initial public offering of listed companies (IPO), listed companies choose to refinance to make up for their lack of funds for the sake of continuous development, while refinancing is closely related to the quality of information disclosure. On the one hand, the improvement of the quality of information disclosure will enable investors to better understand the real operation of listed companies, make appropriate investment decisions and reduce investment risks; on the other hand, through the information disclosure of listed companies, Improving the quality of information disclosure of listed companies can reduce the asymmetric information between the two sides and reduce the financing cost. Based on the data of Guangxi listed companies for information disclosure and refinancing, this paper analyzes the status quo of information disclosure and refinancing of listed companies in Guangxi, analyzes the cost of the listed companies in Guangxi refinancing from the level of the quality of information disclosure of Guangxi listed companies, The impact of size.