网络融资平台A与新三板对接流程优化研究

发布时间：2018-01-09 07:28

本文关键词：网络融资平台A与新三板对接流程优化研究　出处：《南京师范大学》2016年硕士论文　论文类型：学位论文

【摘要】：自2013年美微传媒在淘宝售卖股权以来,互联网股权类众筹在中国迅速发展,但伴随其迅猛增长的却是同样迅猛增长的风险与问题。监管层相继出台《指导意见》和《通知》将众筹概念细化,而无论从政策面还是现实环境看,构建多层次资本市场的诉求以及直接融资成为主要融资手段将是大势所趋。于是各众筹平台纷纷对准股权类众筹。在新的竞争形势下,联姻新三板似乎成为互联网非公开股权融资的不二选择,这也表明二者彼此需要的客观实际。诚然,二者在对接过程中也不断显露出种种问题,甚至欺诈投资者、卷款逃跑的事件也时有发生。在此背景下,本文以开展互联网非公开股权融资业务的代表性平台A上的企业为例,以其对接新三板的业务流程为观察对象和写作视角,通过细分业务流程试图发现尚存的问题,并结合国内外相关经验措施提出修改建议,以期优化当前对接流程。全篇五部分分别为前两章节的背景介绍及理论梳理；第三章承接前章内容阐述二者对接的必要性以及选择平台A的原因。最后两章则是陈述对接流程、发现流程问题以及针对问题提出优化建议。具体是：第一章介绍文章的选题背景及意义,并对国内外相关文献进行了梳理。第二章分别介绍了互联网非公开股权融资和新三板的相关概念。第三章基于比较优势理论对二者的对接的必要性从理论上进行了论述并说明选择平台A的理由。第四章则分别以拟挂牌企业融资和已挂牌企业融资两类项目的具体对接流程进行论述,拆分对接的各个环节。继而论述了当前对接流程中存在的不足,并将各环节的问题按照参与对象加以分类具体阐述各个环节存在的问题。最后,第五章针对上述问题并结合国内外相关经验措施从宏观环境以及平台微观运营两个方面提出流程优化建议。
[Abstract]:Since 2013, the United States Micromedia in the sale of shares in Taobao, Internet equity crowdfunding in China's rapid development. But its rapid growth is accompanied by the same rapid growth of risks and problems. Regulators have issued "guidance" and "notice" to refine the concept of crowdfunding, whether from the policy side or the reality of the environment. Construction of multi-level capital market and direct financing as the main means of financing will be the trend of the times. So the various funding platforms have focused on the equity class of crowdfunding. In the new competitive situation. The marriage of the new three boards seems to be the Internet private equity financing options, which also shows that the two need each other's objective reality. Admittedly, the two in the docking process also constantly revealed a variety of problems. In this context, this paper takes the representative platform A of Internet private equity financing business as an example. Taking the business process of the new three boards as the observation object and writing perspective, this paper tries to find the remaining problems through the subdivision of the business process, and puts forward some suggestions for modification combined with the relevant experience and measures at home and abroad. In order to optimize the current docking process. The whole five parts are the first two chapters of the background introduction and theoretical combing; The third chapter follows the content of the previous chapter to explain the necessity of the two docking and the reasons for choosing platform A. the last two chapters are to state the docking process. Find out the flow problem and put forward the optimization suggestions for the problem. Specifically: the first chapter introduces the background and significance of the selected topic of the article. The second chapter introduces the related concepts of the private equity financing and the new third board respectively. Chapter three, based on the theory of comparative advantage, makes a theoretical analysis of the necessity of the connection between the two. This paper discusses and explains the reasons for choosing platform A. Chapter 4th discusses the specific docking process of the two kinds of projects, which are listed enterprise financing and listed enterprise financing respectively. Then it discusses the shortcomings of the current docking process, and the problems of each link are classified according to the participating objects. Finally, the problems in each link are elaborated. Chapter 5th puts forward flow optimization suggestions from two aspects of macro environment and platform micro operation in view of the above problems and combined with relevant domestic and foreign experiences.
【学位授予单位】：南京师范大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F724.6;F832.51

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