Research on the Debt Default Risk of Guangyi Technology  

作　　者：Chengzhe Niu Juan Zhao 

机构地区：[1]School of Finance,Lanzhou University of Technology,Lanzhou 730000,Gansu Province,China

出　　处：《Proceedings of Business and Economic Studies》2021年第5期17-23,共7页商业经济研究（百图）

摘　　要：In the process of production and operation,the funds held by enterprises often do not meet the needs of the expanding production scale,so enterprises usually obtain the required funds by borrowing.However,the financing mode of enterprises is not only limited to borrowing from banks or other financial institutions.With the rapid economic development and the continuous activity of the capital market,the bond market has gradually become an important channel for enterprise financing⑴,In order to improve the layout of the industrial chain,Guangyi Technology has carried out continuous mergers and acquisitions(M&A)since 2013.Due to its limited funds,Guangyi Technology acquired a large amount of funds required for M&A by means of equity pledge.However,the copyright cloud project invested in M&A in the early stage did not achieve the expected results,leading to a frequent breach of equity pledge,which evolved into debt defaults.Therefore,this article takes Guangyi Technology as the research subject and puts forward relevant avoidance suggestions through the evaluation of its debt default risk.

关 键 词：Debt default Default risk Risk management 

分 类 号：F42[经济管理—产业经济]