电影企业“上市热潮”背后的冷思考

发布时间：2018-04-29 05:17

本文选题：电影上市潮 + 冷思考　；参考：《当代电影》2014年09期

【摘要】：当前又现电影企业"上市热潮",其拟上市企业数量之多,种类之丰富,覆盖产业链条之全面,上市手段之多样,均为历史之最。本文拟通过透视当前的上市热潮,详细分析上市三大主流途径——IPO排队、借壳、并购——在时间成本、资金成本、风险系数方面的优劣,并且指出"上市热潮"之后电影企业要冷静思考两方面情况:一是成为上市公司,能否满足严格的上市公司治理要求并将之转化为公司健康发展的内生动力?二是一旦上市成功,电影公司能否拿出迸发的业绩回报投资者,满足资本市场对业绩稳定、连续增长的苛求?最后,文章指出要警惕当前"影业投资堰塞湖"现象,需要企业、行业(市场)和政府三方面各自发挥作用,打通融资与产业贯通的壁垒,取消行政化的审核,加快市场化的生产流程,完善产业链条利益分配机制,促进文化产品竞争力,从而提高电影产业利润率,进而回报投资者,形成良性循环。
[Abstract]:At present, the "upsurge" of the "listing" of the film companies, the number of listed companies, rich in variety, covering the overall industrial chain, the variety of the means of listing, is the most historical. This paper intends to analyze the current upsurge of listing three main ways - IPO queuing, shell, merger and acquisition - in time cost, capital cost, The advantages and disadvantages of the risk factor, and point out that after the "market boom", the film enterprises should think calmly in two aspects: one is to become a listed company, can we meet the strict management requirements of the listed company and turn it into the endogenous driving force for the healthy development of the company? Two, if the company is successful, the film company can take out the burst of performance return investment. In the end, the article points out that the phenomenon of "the barrier lake of film investment" should be vigilant to the current phenomenon of "the barrier lake of film industry investment", which needs enterprises, industry (market) and the government to play their respective roles in three aspects, to get through the barriers of financing and industry, to eliminate administrative audits, to speed up the market process and to improve the industrial chain. The profit distribution mechanism promotes the competitiveness of cultural products, thereby improving the profit margin of the film industry, and then returns to investors, forming a virtuous circle.

【作者单位】：中国上市公司协会;
【分类号】：J943

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