物产中大集团整体上市案例研究

发布时间：2018-01-15 05:25

本文关键词：物产中大集团整体上市案例研究　出处：《吉林财经大学》2017年硕士论文　论文类型：学位论文

【摘要】：整体上市是国家推动国有企业改革的重要举措,是完善国企现代企业制度的助推器,能够完善国企股权结构,彻底解决股权结构倒置的问题,形成长效机制,以推进国企改革进程。不管是从证券市场的角度,还是从国有经济角度来看,企业实现整体上市都有举足轻重的意义。为了推进国有大型企业的现代企业制度建设,2015年9月以来,包括顶层设计《关于深化国有企业改革的指导意见》在内的重磅政策相继下发,拉开了新一轮国企改革序幕,中央首次表态鼓励、支持国有大型企业整体上市,为国有企业整体上市创造了有利条件。近年来,在中国资本市场良性发展的背景下,证券市场逐渐升温,国有经济长势良好,效益实现了巨大的飞跃。整体上市模式得到了越来越多公司高管的青睐,我国资本市场刮起一阵整体上市风潮。本文结合理论分析与案例研究的方式探究整体上市这一核心话题。首先参考了国内外关于整体上市以及相关话题的大量研究和讨论,例如国企改制历程、优化股权结构、整体上市经典案例、分拆上市与整体上市对比分析等,在总结他人研究成果的基础上,从整体上市的概念入手,提出其理论支撑,总结出整体上市具有反向收购母公司、吸收合并、直接IPO三种模式,对其进行综合对比,文章以物产中大集团整体上市为例,运用事件研究法分别分析了物产中大集团整体上市的驱动因素和效果。最后,本文从国有集团自身、保障整体上市和推进整体上市进程三方面提出一些建议,以求推动国有企业整体上市进程,为国有企业如何选取适合企业自己的上市模式以及在整体上市过程中如何规范操作提供借鉴,对于实际工作整体上市具有认知和研究层面的理论意义与选择和操作层面的现实意义。
[Abstract]:Overall listing is an important measure to promote the reform of state-owned enterprises, is a booster to improve the modern enterprise system of state-owned enterprises, can improve the ownership structure of state-owned enterprises, thoroughly solve the problem of equity structure inversion, and form a long-term mechanism. In order to promote the reform of state-owned enterprises, whether from the perspective of the securities market or from the point of view of the state-owned economy. In order to promote the construction of modern enterprise system of large state-owned enterprises, since September 2015, it is of great significance for enterprises to realize the overall listing. The heavy policies, including the top-level design of the "guiding opinions on deepening the Reform of State-owned Enterprises," have been issued one after another, opening a new round of state-owned enterprise reform. For the first time, the Central Committee has declared its encouragement to support the overall listing of large state-owned enterprises. In recent years, under the background of the benign development of China's capital market, the securities market is gradually warming up, and the state-owned economy is growing well. Efficiency has achieved a huge leap. The overall listing model has been more and more favored by corporate executives. There is a wave of holistic listing in China's capital market. This paper combines theoretical analysis and case study to explore the core topic of holistic listing. First of all, we refer to a large number of domestic and foreign research on holistic listing and related topics. Research and discussion. For example, the course of state-owned enterprise reform, the optimization of the ownership structure, the classic case of the whole listing, the comparative analysis of the split listing and the overall listing, etc., based on summarizing the research results of others, starting with the concept of holistic listing. Put forward its theoretical support, summed up that the overall listing has reverse takeover parent company, absorption merger, direct IPO three modes, comprehensive comparison of them, the article takes the product of the large group as an example. This paper analyzes the driving factors and effects of the overall listing of large and medium product groups by using the event research method. Finally, this paper puts forward some suggestions from three aspects: the state-owned group itself, the protection of the overall listing and the promotion of the overall listing process. In order to promote the overall listing process of state-owned enterprises, how state-owned enterprises to choose their own listing mode and how to regulate the operation of the overall listing process to provide reference. It has the theory meaning of cognition and research level and the realistic meaning of choice and operation level for the actual work.
【学位授予单位】：吉林财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.51;F832.39

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