JY公司IPO过程中资源整合的案例分析

发布时间：2018-06-21 20:38

本文选题：中小板市场 + 首次公开发行（IPO）　；参考：《华南理工大学》2013年硕士论文

【摘要】：近年来，在国家政策的大力扶持下，我国中小企业无论在规模还是数量上都得到较快的发展，，已经成为国民经济发展的主要力量。但随着企业的不断发展，企业对资金的需求越来越大，单靠自身的积累及有限的银行贷款已无法满足需要，2004年6月在深交所推出的中小企业板，成为了中小企业上市融资的主要平台。依据现行中小企业板发行审核相关规定，拟上市企业必须满足“具有持续盈利能力、财务状况良好”的基本要求，实践中对中小企业板上市的业绩要求一般都比规定更高。为了达到上市条件各方面的要求，中小企业板上市公司在IPO筹划期间，一般都会对上市主体进行战略规划与整合，尤其是在业绩方面，要达到至少三年及一期的业绩要求。那么，如何通过资源整合以达到IPO要求则成为中小企业关注的重点。本论文利用复杂科学管理理论对企业资源整合进行了研究，系统的分析了资源整合中的产业链整合、人力资源整合、财务资源整合理论，并结合JY公司IPO过程资源整合的案例进行了实证研究。本论文从JY公司IPO过程中采取的资源整合措施入手，通过案例研究方式，阐述中小企业板拟上市公司在IPO过程中如何通过资源整合以达到资源优势的集中，进而提升公司市场竞争力，提高业绩以达到上市条件，并在资本市场实现最大化融资。本论文通过理论与实证研究，分析出资源整合对拟上市公司IPO的意义，并提出对中小企业板上市门槛进行制度创新的思考。
[Abstract]:In recent years, with the support of national policies, small and medium-sized enterprises in China have developed rapidly in both scale and quantity, and have become the main force in the development of national economy. However, with the continuous development of enterprises, the demand for funds of enterprises is growing, relying solely on their own accumulation and limited bank loans can no longer meet the needs. In June 2004, the small and medium-sized enterprises board was launched in Shenzhen Stock Exchange. It has become the main platform for the listing and financing of small and medium enterprises. According to the relevant regulations of issuing and auditing of SME boards, the listed enterprises must meet the basic requirements of "continuous profitability and good financial situation". In practice, the performance requirements of SME board listing are generally higher than those stipulated. In order to meet the requirements of listing conditions, SMEs board listed companies in the IPO planning period, generally will be listed on the main strategic planning and integration, especially in terms of performance, to achieve at least three years and one stage of performance requirements. So, how to achieve IPO requirements through the integration of resources has become the focus of small and medium-sized enterprises. This paper makes use of the complex scientific management theory to study the enterprise resources integration, and systematically analyzes the industrial chain integration, the human resources integration, the financial resources integration theory in the resources integration. And combined with JY IPO process of the case of the integration of resources to conduct an empirical study. This paper starts with the measures of resources integration in the process of JY company's IPO, and through the way of case study, expounds how to achieve the concentration of resource advantage by the integration of resources in the process of IPO of the small and medium-sized enterprise board to be listed company. Furthermore, the market competitiveness of the company is improved, the performance is improved to meet the listing conditions, and the maximum financing is realized in the capital market. Through theoretical and empirical research, this paper analyzes the significance of resource integration to the IPO of listed companies, and puts forward the thinking of institutional innovation on the threshold of listing of small and medium-sized enterprises.
【学位授予单位】：华南理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F832.51

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