上市公司分立法律问题研究

发布时间：2018-04-10 15:42

本文选题：公司分立 + 公司重组　；参考：《辽宁大学》2017年硕士论文

【摘要】：我国公司分立制度建立的比较早,但是在日后的发展上相对滞后,虽然德日等大陆法系国家建立公司分立制度相对较晚,但德日在公司分立立法上进步较快,已基本确立了公司分立制度,特别是在上市公司分立制度上,有许多值得我国吸收借鉴的地方。上市公司分立是有利于上市公司在经营业务上更加专一,从而减少管理流程,降低上市公司经营成本,是上市公司资产重组的重要手段之一。上市公司分立有利于解放和促进生产力的发展,有利于降低上市公司多元业务之间的负面协同效应,有利于解决历史遗留问题,提高公司治理效率。同时,因为上市公司通过公开募股后,获得了较为充裕的资金,往往会扩大规模,这个过程中管理可能跟不上,造成上市公司管理混乱,为了提高上市公司经营效益,也需要对一些大型上市公司进行分立,使得责任分化,管理的专业化水平更高,管理更加简单。欧美日等成熟市场经济体都对上市公司分立制度有所规定,虽然美国在成文法当中没有明确规定,但在法律实务上由美国税法和各州有关营业转让制度规制。德国通过单行法规的形式对公司分立制度加以了规定,日本通过修改法律将公司分立制度最终确定。我国在研究上市公司分立制度时可以将国外有关这方面好的做法借鉴过来,再结合我国上市公司发展现状来逐渐完善上市公司分立制度。本文主要有四个部分构成,第一部分主要阐述的是上市公司分立的基本理论,其中包括上市公司分立的概念、研究上市公司分立的价值和上市公司分立与上市公司处分其他财产类似制度的区别。第二部分主要是分析世界其他一些国家有关上市公司分立制度的规定,并对域外这些国家有关上市公司分立制度加以评价。第三部主要对我国上市公司分立制度的现状进行阐释,并重点分析了我国上市公司分立存在的问题。第四部分阐述的是完善我国上市公司分立制度提供的立法建议。主要从四个方面加以论述,一是丰富上市公司分立的方式,在明确现有解散分立和存续分立的分立方式基础上,增加吸收分立方式;二是对董事会拟定的上市公司分立方案要聘请第三方独立审查,并对公司股东加以说明阐释;三是对上市公司分立后出现的特殊问题,要坚持具体问题、具体分析,特事特办,建立专门的审查制度;四是对上市公司分立后的债权人连带求偿权加以限制。
[Abstract]:The company separation system in our country was established earlier, but it lagged behind in the future development. Although the company separation system was established relatively late in Germany and Japan, it made rapid progress in the legislation of company separation.The system of separation of companies has been basically established, especially in the system of separation of listed companies, there are many worthy of our country's absorption and reference.The separation of listed companies is one of the important means to reorganize the assets of listed companies, which is conducive to the more exclusive operation of listed companies, thereby reducing the management process and reducing the operating costs of listed companies.The separation of listed companies is beneficial to liberate and promote the development of productive forces, to reduce the negative synergistic effect among the multiple businesses of listed companies, to solve the problems left over from history, and to improve the efficiency of corporate governance.At the same time, because the listed companies have obtained relatively abundant funds after the public offering of shares, they often expand their scale. In this process, management may not keep pace, resulting in confusion in the management of the listed companies. In order to improve the operating efficiency of the listed companies,It also needs to separate some large listed companies to make responsibility differentiation, higher level of specialization of management, and simpler management.Mature market economies, such as Europe, America and Japan, have regulations on the system of separation of listed companies. Although the United States has not clearly stipulated it in statute law, it is regulated by the tax laws of the United States and the relevant business transfer systems in various states.In Germany, the system of company separation is regulated by separate laws and regulations, and the system of separation of companies is finally determined by amending the laws in Japan.When studying the separation system of listed companies in our country, we can draw lessons from the good practices in foreign countries, and then improve the separation system of listed companies by combining the present situation of the development of listed companies in our country.The first part mainly elaborates the basic theory of the separation of listed companies, including the concept of separation of listed companies.This paper studies the value of the separation of listed companies and the differences between the separation of listed companies and the similar systems of disposal of other property by listed companies.The second part mainly analyzes the provisions of the separation system of listed companies in some other countries in the world, and evaluates the separation system of listed companies in these countries.The third part mainly explains the current situation of China's listed company separation system, and focuses on the analysis of the existing problems of China's listed company separation.The fourth part is to improve the system of listed companies to provide legislative advice.It is mainly discussed from four aspects: first, enriching the way of separation of listed companies, adding the way of absorption separation on the basis of clarifying the existing ways of dissolution and separation;Second, it is necessary to hire a third party to independently examine the separation plan of listed companies drawn up by the board of directors, and to explain the shareholders of the company. Third, it is necessary to persist in specific problems, specific analysis, and special work to deal with the special problems that arise after the separation of listed companies.The fourth is to restrict the creditor's joint and several claims after the separation of listed companies.
【学位授予单位】：辽宁大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：D922.291.91

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