A股借壳上市模式分析及案例研究

发布时间：2018-02-01 02:49

本文关键词： 借壳上市企业价值评估资产置换成本收益分析　出处：《上海交通大学》2012年硕士论文　论文类型：学位论文

【摘要】：我国资本市场自1997年起开始出现了借壳上市的热潮，借壳上市作为一种上市公司兼并收购的重要形式，通过一定途径获得对上市公司的控制权，再将优质资产、业务注入上市公司，达到间接上市的目的，从而使得一些非上市公司能利用资本市场来筹资，，加快自身的发展。壳公司通过被借壳实现了业绩的提升，避免了被停牌、摘牌的风险，和非上市公司实现了利益共赢。随着资本市场不断发展完善和企业对融资意识的不断加强，企业借壳上市得到多方面的关注和重视，为了正确认识这一我国资本市场发展的必然产物，需要对其有深刻的认识和研究。本文对借壳上市做了较为全面的分析，首先介绍了借壳上市产背景、现行制度和理论依据，接着对借壳上市行为的核心要点和不同模式进行阐述。由于借壳时的成本和借壳后的收益是借壳方考虑的重要问题，本文也对借壳上市的成本和收益进行了详细分析。并重点介绍了烽火集团借壳S*ST长岭的交易方案和原则。本文最后对借壳上市各方提出了建议，并从证监会审核、企业借壳目的和上市后的发展战略对借壳上市发展趋势做出全面的展望。
[Abstract]:Since 1997 , China ' s capital market has begun to appear on the market since 1997 , as a kind of important form of merger and acquisition of listed companies , we have obtained the control of listed companies through a certain way , and then injected high - quality assets and businesses into listed companies , so that some non - listed companies can use the capital market to raise funds and accelerate their own development . With the development of capital markets and the continuous strengthening of enterprises ' awareness of financing , enterprises have received various attention and attention . In order to understand the inevitable outcome of the development of capital market in our country , we need to have a deep understanding and research . This paper makes a comprehensive analysis of the market listing , first introduces the background , current system and theoretical basis of the market listing , and then expounds the core points and the different modes of the market listing . The article also gives a detailed analysis of the cost and benefits of the market .

【学位授予单位】：上海交通大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.51

【参考文献】