提高拟上市企业IPO审核通过率策略研究

发布时间：2018-02-12 12:04

本文关键词： 拟上市企业 IPO发行审核核准制规范性实质性审核　出处：《西安电子科技大学》2014年硕士论文　论文类型：学位论文

【摘要】：资本市场的迅速发展在融资、资源配置等方面发挥着越来越重要的做作用,但是我国目前新股发行体制存在上市门槛过高,审核严格,阻碍了资源配置功能、融资功能的实现。仍有许多优秀企业因为各种原因错过了上市的机会,错过企业快速发展的时机。IPO于2014年4月重启,拟上市企业如何提高发行审核通过率,成为关注的热点,本文针对拟上市企业IPO被否原因,结合案例研究分析监管机构关注的审核要点,希望能够给拟上市企业提供参考。本文对首先对我国IPO审核制度的演变做简要介绍,重点分析审批制与核准制出现的背景及优缺点,与西方国家注册制作出比较,明确我国审核制度未来的发展方向。随后介绍核准制下企业上市流程与上市要求,并分析近些年我国企业IPO审核通过整体情况,分析宏观环境对企业上市的影响。重点研究企业被否原因,强调企业从自身原因出发,通过对企业在改制、公司治理、股权、财务、持续盈利能力、独立性、资金募集运用七个方面进行详细的案例研究与分析,总结监管机构关注要点。从而对拟上市企业申报前的规范性运营和申报中企业实质性的审查两个方面针对性的提出参考意见,提高拟上市企业IPO审核通过率。
[Abstract]:The rapid development of the capital market plays a more and more important role in financing and resource allocation. However, the current IPO system in our country has too high a threshold for listing and strict auditing, which hinders the function of resource allocation. The realization of financing function. There are still many outstanding enterprises that have missed the opportunity of listing for various reasons, missed the opportunity of rapid development of enterprises. The IPO restarted on April 2014. How to improve the pass rate of issuance audit of the listed enterprises has become the focus of attention. In this paper, according to the reasons of the IPO of the proposed listed enterprises, the author analyzes the audit points concerned by the regulatory authorities in the light of the case study, hoping to provide a reference for the listed enterprises. Firstly, this paper briefly introduces the evolution of the IPO audit system in China. This paper mainly analyzes the background, advantages and disadvantages of the examination and approval system and the approval system, compares it with the western countries' registration and makes clear the future development direction of our country's auditing system, and then introduces the listing process and listing requirements of the enterprises under the approval system. It also analyzes the overall situation of the IPO audit in China in recent years, and analyzes the impact of the macro environment on the listing of the enterprises. It focuses on the reasons of whether the enterprises are listed, and emphasizes that the enterprises, starting from their own reasons, through the restructuring, corporate governance, equity, Detailed case study and analysis on seven aspects of finance, sustainable profitability, independence, and the use of funds, This paper summarizes the main points concerned by the regulators, and then puts forward some suggestions on the normative operation of the enterprises to be listed before the declaration and the substantive examination of the enterprises in the declaration, so as to improve the pass rate of the IPO audit of the enterprises to be listed.
【学位授予单位】：西安电子科技大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.51;F275

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