论股票公开发行和上市的关系

发布时间：2018-11-17 14:32

【摘要】：通过对股票公开发行行为的分析,可以发现,股票公开发行以及是否准备上市体现了发行人和投资者之间的合意,契约性是该行为的基本法律属性。但是,股票公开发行属于要式行为,双方合意的效力首先取决于法律的许可,并应符合法定的条件,而且,在我国该合意生效的前提是股票公开发行的核准。股票公开发行后是否上市,将在法律适用、投资者权利内容和保护方式、监管模式等方面产生差异。股票公开发行且不上市将催生我国新的公司形态——非上市公众公司,这方面的理论研究和制度建设亟需加强。
[Abstract]:Through the analysis of the behavior of the public offering of stocks, it can be found that the public offering of stocks and whether they are ready to go public reflect the agreement between the issuer and the investors, and the contract is the basic legal attribute of the act. However, the public offering of stock is a kind of behavior, and the effect of mutual agreement depends on the permission of law, and should meet the legal conditions. Moreover, the premise of this agreement in our country is the approval of the public offering of stock. There are differences in the application of law, the content and protection of investor's rights, the mode of supervision and so on. It is urgent to strengthen the theoretical research and institutional construction of the non-listed public companies, which will be a new corporate form of China when the shares are publicly issued and not listed.
【作者单位】：南京大学法学院;
【分类号】：F832.51

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