新时期我国上市公司退市问题研究

发布时间：2018-01-01 22:00

本文关键词：新时期我国上市公司退市问题研究　出处：《四川师范大学》2014年硕士论文　论文类型：学位论文

【摘要】：退市机制的建立是为了净化市场，但是，我国证券市场一大批绩劣公司的存在使得退市制度几乎形同虚设。2012年6月28日，沪深交易所分别发布了主板上市公司退市制度方案，新的退市制度较之前有了较大的突破，开始逐渐向国际惯例接轨，这些新的政策能否促进我国证券市场形成有进有退的良性循环，，是一个值得研究的热点课题（刘存绪、刘圢，2013）。本文以此作为研究基础，详细分析了我国证券市场在退市问题上的发展情况和新时期所面临的问题，通过借鉴国外成熟市场的做法，从中汲取先进经验和方法。文章认为，由于退市问题和公司上市、公司治理以及资本市场资源配置的紧密联系，退市机制的完善和有效执行对于提高我国证券市场整体质量具有重大意义。本文共分五个章节。第一章是绪论，阐述论文选题的背景，选题的意义、国内外研究现状、研究目的和研究方法等；第二章是对上市公司退市制度的概述，介绍了我国退市制度的发展情况并同国外主要市场在退市制度上进行了对比；第三章是分析新时期我国上市公司退市面临的问题。研究了影响退市的市场环境、退市对于公司主体和中小股东权益的影响，对*ST炎黄和*ST创智两家公司退市的典型案例进行了分析；第四章是提出解决现阶段我国上市公司退市问题的相关意见；第五章是本文结论和局限性。
[Abstract]:The establishment of the delisting mechanism in order to purify the market, but our country stock market has a large number of bad performance company makes the delisting system is almost non-existent.2012 in June 28th, the Shanghai and Shenzhen stock exchange were released for the main board delisting system of listed companies, the new delisting system than before with a big breakthrough, gradually converging to the international practice, these the new policy can promote China's securities market has formed into a virtuous cycle of retreat, is a worthy research topic (Liu Cunxu, Liu Ting, 2013).
Taking this as the basis of the research, a detailed analysis of the problems facing the development of the delisting on the situation of China's securities market and the issue of the new period, through drawing lessons from foreign mature market, learn from the advanced experience and methods of the article, the delisting issue and the company, the company is closely related to governance and capital market allocation of resources the perfect and effective implementation of the delisting mechanism is of great significance to improve the overall quality of China's securities market.
This paper is divided into five chapters. The first chapter is the introduction, describes the background, significance, research status at home and abroad, the research purpose and research methods; the second chapter is an overview of the delisting system, introduces the development of the delisting system in China and abroad in the same market delisting system. Compared; the third chapter is the analysis of China's listed companies delisting faces in the new period. Effects of the delisting of the market environment, the company's main influence delisting and the interests of small shareholders, a typical case of *ST *ST Powerise glory and two companies retreat city were analyzed; the fourth chapter puts forward relevant suggestions to solve at the present stage China's listed companies delisting problems; the fifth chapter is the conclusion and limitations.

【学位授予单位】：四川师范大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F279.2;F832.51

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