Research on Domestic and Foreign Small and Medium-sized Enterprises’ Listing Demand and Entitlement Based on Financial Perspective

Abstract

Small and medium-sized enterprises (SMEs) generally have the problems of single financing channel and shortage of funds. It has become a new economic hot spot for SMEs to raise funds by listing on growth enterprises market (GEM). However, due to the characteristics of small-scale and high growth of SMEs, which attach importance to development and have low requirements for the quality of financial information, many SMEs have many financial problems in listing and reporting. Corporate governance structure can be understood from the narrow and broad perspectives. From the narrow perspective, corporate governance structure is a system of managing and controlling companies. Corporate governance in a broad sense includes not only some aspects of corporate governance in a narrow sense, but also human resource management, income distribution incentive system, financial system, corporate culture and other systems related to the top management control of enterprises. From the financial perspective, this paper studies the listing demand and due rights of SMEs at home and abroad.