中小企业新三板上市法律风险规避研究

发布时间：2018-04-30 03:31

本文选题：中小企业 + 新三板　；参考：《西南科技大学》2017年硕士论文

【摘要】：由于新三板市场上市门槛低,中小企业在新三板上市,已经成为其获取融资,实现自身的发展的一条必经之路。拟挂牌新三板的中小企业数量不断增长,但能在新三板顺利挂牌的中小企业却并不多,中小企业如何顺利实现新三板挂牌上市,已经成为当前迫切需要解决的问题。其中最关键的就是如何规避上市过程中存在的法律风险。本文从新三板市场的定义、设立目的和作用入手,与主板和创业板市场进行对比,分析出中小企业新三板上市的优势:一是增强企业股份流动性,提升企业估值;二是提供企业融资渠道,提高信用等级;三是完善企业治理结构,规范企业管理;四是增强企业品牌价值,提高企业知名度;五是实现企业快速转板,增强企业灵活度。从而明确中小企业新三板上市的必要性。再立足新三板市场制度本身,包括立法、交易制度和信息披露制度进行研究,分析出新三板市场目前制度上的缺陷,然后对中小企业上市过程中出现的具体问题进行分析,判断中小企业新三板上市的具体的法律风险,包括关联交易、同业竞争、股权代持、对赌协议的法律风险,并有针对性地对上述风险,提出规避的措施,最后从新三板制度本身出发,提出完善其市场制度的意见和建议,双管齐下,帮助中小企业规避新三板上市的法律风险,顺利实现新三板上市,提升中小企业融资能力。
[Abstract]:Due to the low listing threshold of the new third Board, the listing of small and medium-sized enterprises on the new third board has become the only way for them to obtain financing and realize their own development. The number of small and medium-sized enterprises to be listed on the new three boards is increasing, but the number of small and medium-sized enterprises that can be listed on the new three boards is not many. How to successfully implement the listing of the new three boards has become an urgent problem that needs to be solved. One of the most crucial is how to avoid the legal risks in the process of listing. This article starts with the definition, purpose and function of the new third board market, compares it with the main board and the growth enterprise market, and analyzes the advantages of the new third board listing of small and medium-sized enterprises: first, enhancing the stock liquidity of the enterprise and enhancing the enterprise valuation; The second is to provide financing channels to improve the credit rating; the third is to improve the corporate governance structure, standardize enterprise management; fourth, to enhance the brand value of enterprises, enhance the visibility of enterprises; fifth, to achieve the rapid transformation of enterprises, enhance the flexibility of enterprises. In order to clarify the necessity of the new three-board listing of small and medium-sized enterprises. Then based on the new third board market system itself, including legislation, trading system and information disclosure system to study, analyze the new third board market current system defects, and then analyze the specific problems in the process of small and medium-sized enterprises listing. Judging the specific legal risks of the listing of the new third board of small and medium-sized enterprises, including related party transactions, interbank competition, equity holding, legal risks to gambling agreements, and putting forward measures to avoid these risks. Finally, starting from the new three board system itself, this paper puts forward the advice and suggestions to perfect its market system, and it helps small and medium-sized enterprises to avoid the legal risk of new three boards listing, to realize the new three boards listing smoothly, and to enhance the financing ability of small and medium-sized enterprises.
【学位授予单位】：西南科技大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：D922.287

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