海外上市：从欧洲和中国企业的经验中所得到的启示

发布时间：2021-03-15 16:17

　　一、引言随着全球经济一体化愈演愈烈,海外上市早已不是一个新话题,但仍然是一个非常吸引人的话题。近年来随着金融市场的国际化和金融工具的多样化,融资渠道表现的越来越广泛。在所有的融资渠道里,海外上市依然是一个最为典型的手段。特别需要指出的是,越来越多的发展中国家正逐步参与海外上市的大趋势。然而,这其中不仅有成功的例子,而且也有许多不成功的例子。由于无数参与者的参与和世界大舞台的统一,海外上市的动机变得越来越复杂,因此,海外上市其结果也变得多样化。本文选择两个具有不同背景和不同发展水平的不同国家作为主要研究目标:中国和意大利,其中一个代表亚洲发展中国家,另一个代表西方发达国家。作为本文的必要背景,本文选取了四个在本文研究范围内的发挥重要作用的证券交易所:上海证券交易所,香港证券交易所,意大利证券交易所和纽约证券交易所。本文将不同的证券交易所的上市要求和公司的履行义务进行比较,试图总结出这两个因素对上市公司的影响。然后,本研究着重研究并指出两国企业在海外上市的动机,这其中包括影响两国企业海外上市的动因的相同点和不同点。最后是案例分析,两个案例分别是意大利电信和中国移动。文章的这部分进一步用数据... 

【文章来源】：复旦大学上海市 211工程院校 985工程院校 教育部直属院校

【文章页数】：86 页

【学位级别】：硕士

【文章目录】：
Contents
Contents of Tables
Acknowledgement
Abstract
Abstract in Chinese
Chapter 1 Introduction
Chapter 2 Review of related literature
    2.1 Review of benefits from listing abroad
    2.2 Review of considerable conditions of a sound stock market for listing
    2.3 Review of Chinese stock market
    2.4 Review of Italian and European stock markets
    2.5 Review of US stock market
Chapter 3 Comparison of listing rules in Europe and China
    3.1 Backgrounds of different markets
        3.1.1 Chinese stock market
        3.1.2 Hong Kong's stock market
        3.1.3 Italian stock market
        3.1.4 US stock market
    3.2 Comparison of prerequisites of listing
        3.2.1 Prerequisites of listing in mainland China
        3.2.2 Prerequisites of listing in HKEx
        3.2.3 Prerequisites of listing in Borsa Italiana
        3.2.4 Prerequisites of listing in NYSE
        3.2.5 Results of comparison
    3.3 Comparison of compulsory duties
        3.3.1 Compulsory duties of listing in mainland China
        3.3.2 Compulsory duties of listing in HKEx
        3.3.3 Compulsory duties of listing in Borsa Italiana
        3.3.4 Compulsory duties of listing in NYSE
        3.3.5 Results of comparison
Chapter 4 Analysis of different motives between Europe and China
    4.1 Similarities of listing abroad between Italian and Chinese firms
        4.1.1 Exogenous motives of listing abroad
        4.1.2 Endogenous motives of listing abroad
    4.2 Differences of listing abroad between Italian and Chinese firms
        4.2.1 Particular motives of Chinese companies
        4.2.2 Particular motives of Italian companies
Chapter 5 Related cases
    5.1 China Mobile
        5.1.1 Background
        5.1.2 Analysis of financial data
    5.2 Telecom Italia
        5.2.1 Background
        5.2.2 Analysis of financial data
Chapter 6 Conclusion
Appendix
References
附表



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