论公司法视野下的股权结构

发布时间：2018-04-13 05:27

本文选题：股权结构 + 公司控制权　；参考：《广州大学》2017年硕士论文

【摘要】：股权结构设计是每个公司在创立以及经营过程中都要面对的问题,近些年来由于我国资本市场的发展,在对传统的一股一权原则坚守下,公司之间的控制权争夺之战频频上演,从盛大收购新浪,到雷士照明,再到万宝之争……与此同时上市公司巨头们为了绕开我国当今法律对于股权结构规定的限制条件,纷纷选择海外上市,这些案例暴露了一个问题:我国当今股权结构的不合理,需要从制度和法律上对其进行优化。本文主要以我国上市公司股权结构为研究对象,总结出其各自的特点以及存在的不足,从而对我国的股权结构法律规制提出建议。本文第一章主要对股权结构从多个角度给出详细的定义,并对当今世界各国的股权结构特点以及股权结构的类型进行粗略的介绍,以便对股权结构有宏观的认识。第二章是笔者在阅读大量文献之后,根据自己的认识和理解对我国股权结构进行系统的的分类,分别从静态和动态两个维度进行详细分析,其中静态上的股权结构包括集中型和分散型股权结构,动态上的股权结构分为通过协议方式达成的、触发事件下做出的和协议中规定了触发事件的股权结构,为下文介绍股权结构的功能以及发现我国当今股权结构的不足并提出完善建议做出铺垫。第三章、第四章是承载本文核心观点的章节,笔者着眼于股权结构的主要功能——公司控制权保持上,并以点带面,分别列举了万科、万达、京东,腾讯、阿里巴巴、华为的案例,以实证分析的方式来论证不同的股权结构在公司控制权争夺中的作用,在此基础上,第四章又总结出了当今我国股权结构存在的问题。第五章紧紧承接第四章,对我国当今股权结构的不足提出法律建议。以期优化我国股权结构,规范资本市场,为上市公司的长远发展,提高我国金融开放度提供保障。
[Abstract]:The design of ownership structure is a problem that every company has to face in the course of its establishment and operation. In recent years, due to the development of capital market in our country, under the traditional principle of "one share, one right", the battle of control rights between companies is frequently played out.From the grand acquisition of Sina, to the lighting, and then to the battle of Wanbao.At the same time, in order to circumvent the restrictions on the ownership structure stipulated by the current law of our country, the giants of listed companies choose overseas listing one after another. These cases expose a problem: the unreasonable ownership structure of our country today.It needs to be optimized institutionally and legally.This paper mainly takes the stock ownership structure of listed companies in China as the research object, summarizes their respective characteristics and shortcomings, and puts forward some suggestions for the legal regulation of the ownership structure in our country.In the first chapter, the author gives a detailed definition of ownership structure from several angles, and gives a rough introduction to the characteristics of ownership structure and types of ownership structure in the world in order to have a macroscopic understanding of ownership structure.The second chapter is the author after reading a large number of literature, according to their own understanding and understanding of the ownership structure of China's systematic classification, respectively from the static and dynamic dimensions of detailed analysis.Among them, the static ownership structure includes centralized and decentralized ownership structure, the dynamic ownership structure can be divided into two parts, which are reached by agreement, and the ownership structure of trigger event is stipulated in the agreement.It lays the groundwork for the following introduction of the function of the ownership structure and finding the deficiency of the present ownership structure in China and putting forward some suggestions to improve it.Chapter three, Chapter four is the chapter that carries the core point of view of this paper. The author focuses on the main function of the ownership structure-the maintenance of corporate control, and lists Vanke, Wanda, JingDong, Tencent, Alibaba, respectively.The case of Huawei demonstrates the role of different ownership structure in the scramble for corporate control by empirical analysis. On this basis, the fourth chapter summarizes the existing problems of ownership structure in our country.The fifth chapter closely follows the fourth chapter, puts forward the legal suggestion to our country's present stock right structure insufficiency.The aim is to optimize the ownership structure of our country, standardize the capital market, provide the guarantee for the long-term development of listed companies and improve the financial openness of our country.
【学位授予单位】：广州大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：D922.291.91

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