论我国公司法对创业投资的制度支持
发布时间：2018-12-08 08:32
【摘要】：我国创业投资的发展离不开公司法的制度支持。针对创业投资的运作过程并对公司法进行整体分析得出,公司法主要从三个方面对创业投资产生重要影响。 公司法为创业投资主体提供制度支持决定创业投资的正常开展。公司法对创业投资主体的制度支持主要表现为公司资本制度对创业企业和创业投资企业的影响。我国公司法采取法定资本制度,诸如最低注册资本限额的规定等都不利于创业企业和创业投资公司的设立和发展。创业投资需要比较宽松的资本制度,因此,在未来的公司法中可以考虑引入折衷资本制度,完善出资缴纳和出资方式等制度,从而适应创业投资的发展。 公司法为投资工具提供制度支持决定创业投资的顺利进行。由于能够较好地解决创业投资各方主体的利益分配问题,优先股和可转换债券已经成为被各国广泛运用的投资工具。但我国公司法缺乏对优先股的规定,在可转换债券方面的规定也较简单,且将可转债的发行主体限定于上市公司。公司法对这两项制度规定的欠缺阻碍了创业投资的发展。 公司法为创业投资退出提供制度支持,保证创业资本退出渠道的畅通,是创业投资顺利完成的最终保证。创业投资退出的方式主要包括首次公开上市、股权协议转让和股份回购三种。但公司法对这三种主要的创业投资退出方式均作了较严格的规定,难以适应创业投资迅猛发展的需要。 所以,尽管我国公司法体现了鼓励创业投资的精神,也在一定程度上为创业投资提供了制度支持,但这种制度支持相对于创业投资突飞猛进的发展势头,仍显不足,需要逐步完善公司法的相关规定。
[Abstract]:The development of venture capital in our country can not be separated from the system support of company law. According to the operation process of venture capital and the whole analysis of company law, it is concluded that the company law has important influence on venture capital from three aspects. Company law provides institutional support for venture capital investors to determine the normal development of venture capital. The institutional support of the company law to the venture capital main body is the influence of the company capital system on the venture capital enterprise and the venture capital enterprise. The legal capital system adopted in our company law, such as the minimum registered capital limit, is not conducive to the establishment and development of start-up enterprises and venture capital companies. Venture capital needs a relatively loose capital system, therefore, in the future company law, we can consider introducing the compromise capital system, perfecting the system of capital contribution and contribution, so as to adapt to the development of venture capital. Corporate law provides institutional support for investment tools to determine the smooth progress of venture capital. Because of its ability to solve the problem of interest distribution of venture capital parties, preferred stock and convertible bonds have been widely used as investment tools in many countries. However, the company law of our country lacks the regulations on preferred stock, and the provisions on convertible bonds are relatively simple, and the main issuers of convertible bonds are limited to listed companies. The lack of these two regulations in company law hinders the development of venture capital. The company law provides system support for venture capital exit and guarantees the smooth exit channel of venture capital, which is the ultimate guarantee for the successful completion of venture capital. Venture capital exit mainly includes initial public offering, equity agreement transfer and share repurchase. However, the three main ways of venture capital exit are strictly regulated in the Company Law, which is difficult to meet the needs of the rapid development of venture capital. Therefore, although our company law embodies the spirit of encouraging venture capital and provides institutional support for venture capital to a certain extent, the system support is still insufficient in comparison with the rapid development momentum of venture capital. Need to gradually improve the relevant provisions of the Company Law.
【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2011
【分类号】：D922.291.91
本文编号：2368041
[Abstract]:The development of venture capital in our country can not be separated from the system support of company law. According to the operation process of venture capital and the whole analysis of company law, it is concluded that the company law has important influence on venture capital from three aspects. Company law provides institutional support for venture capital investors to determine the normal development of venture capital. The institutional support of the company law to the venture capital main body is the influence of the company capital system on the venture capital enterprise and the venture capital enterprise. The legal capital system adopted in our company law, such as the minimum registered capital limit, is not conducive to the establishment and development of start-up enterprises and venture capital companies. Venture capital needs a relatively loose capital system, therefore, in the future company law, we can consider introducing the compromise capital system, perfecting the system of capital contribution and contribution, so as to adapt to the development of venture capital. Corporate law provides institutional support for investment tools to determine the smooth progress of venture capital. Because of its ability to solve the problem of interest distribution of venture capital parties, preferred stock and convertible bonds have been widely used as investment tools in many countries. However, the company law of our country lacks the regulations on preferred stock, and the provisions on convertible bonds are relatively simple, and the main issuers of convertible bonds are limited to listed companies. The lack of these two regulations in company law hinders the development of venture capital. The company law provides system support for venture capital exit and guarantees the smooth exit channel of venture capital, which is the ultimate guarantee for the successful completion of venture capital. Venture capital exit mainly includes initial public offering, equity agreement transfer and share repurchase. However, the three main ways of venture capital exit are strictly regulated in the Company Law, which is difficult to meet the needs of the rapid development of venture capital. Therefore, although our company law embodies the spirit of encouraging venture capital and provides institutional support for venture capital to a certain extent, the system support is still insufficient in comparison with the rapid development momentum of venture capital. Need to gradually improve the relevant provisions of the Company Law.
【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2011
【分类号】：D922.291.91
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