大庆联谊公司重组及退市过程调研报告

发布时间：2018-01-28 05:54

本文关键词： 大庆联谊公司重组退市调研报告　出处：《东北石油大学》2014年硕士论文　论文类型：学位论文

【摘要】：随着全球经济一体化进程的加快，企业竞争日益激烈，为增强竞争力，就必须对不合理的资源配置和企业结构进行调整，资产重组就成为企业优化资源配置的重要手段。特别是1998年中国证监会出台ST，*ST制度以来，越来越多的ST，*ST公司加入了资产重组的行列，并试图通过整合自身资源改善公司业绩，但资产重组是否能够改善ST，*ST公司的财务状况，是否能促进ST，*ST公司股东财富效应的增加，不同的资产重组方式对改善公司绩效的效果有何差异，目前人们对此并未达成共识。本文研究了并购重组的概念和理论，结合我国上市公司并购重组和退市发展历史和监管现状来分析问题。分析大庆联谊案例发展基本情况、重组原因，调研了其退市的过程及原因。最后，为了进一步推动上市公司并购重组市场化和规范化发展，针对大庆联谊并购重组中存在的问题，提出大力加强并购重组制度建设，规范并购重组行为，加强并购重组监管力度，加大并购重组违法违规的处罚力度，充分发挥中介机构在并购重组中的作用，提高并购重组的质量，修改完善并购重组信息披露制度，充分保护中小投资者利益，大力推进并购重组市场化等对策。
[Abstract]:With the acceleration of the process of global economic integration, the competition of enterprises is becoming increasingly fierce. In order to enhance the competitiveness, it is necessary to adjust the unreasonable allocation of resources and the structure of enterprises. Asset restructuring has become an important means for enterprises to optimize the allocation of resources, especially since the introduction of St system by China Securities Regulatory Commission in 1998, more and more St. St company joined the ranks of asset restructuring and tried to improve its performance through the integration of its own resources, but whether asset restructuring can improve the financial situation of St company, whether it can promote St. At present, there is no consensus on the increase of shareholder wealth effect and the difference between different ways of asset restructuring to improve the performance of St company. This paper studies the concept and theory of M & A, analyzes the development history and regulatory status of listed companies'M & A and delisting in China, and analyzes the basic situation of Daqing Lianyi case and the reasons of reorganization. Finally, in order to further promote the marketization and standardized development of mergers and acquisitions of listed companies, aiming at the problems in Daqing friendship mergers and acquisitions reorganization. Put forward to strengthen the system construction of M & A, standardize the behavior of M & A, strengthen the supervision of M & A, increase the punishment of illegal and illegal M & A, give full play to the role of intermediary in M & A. To improve the quality of M & A reorganization, to modify and perfect the information disclosure system of M & A reorganization, to fully protect the interests of small and medium-sized investors, and to vigorously promote the marketization of M & A reorganization and so on.
【学位授予单位】：东北石油大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F426.722;F271

【相似文献】