我国上市公司股票回购动因与经济后果分析

发布时间：2018-10-19 15:32

【摘要】：上市公司为了让公司成功减小资本,优化公司的股本体系,公司往往应用股票回购这一有效措施。在证券交易过程中,资本运作的方式多种多样,股票回购就是其中的一种,而且往往效果显著,受到许多上市公司的青睐。公司在生产经营时,公司所处的市场一直处于变动之中,适时适量的股票回购是对变化市场的有效应对。恰如其分的股票回购在公司产业资金有效利用、股票价上涨等方面作用显著,而且股票回购有利于股票利润的合理分配,减小持股人之间的矛盾。然而,尽管公司深知股票回购的重要性,近几年来我国股票回购的现象逐年增多,但是我国的资本市场还不完善,公司股票回购过程当中有些问题有待解决。本文就我国上市公司股票回购动因与经济后果进行简要分析,希望对上市公司有效的股票回购有所帮助。
[Abstract]:In order to make the company reduce its capital and optimize its equity system, the listed company often applies the effective measure of stock repurchase. In the process of securities trading, there are many ways of capital operation, among which stock repurchase is one of them, and the effect is obvious, which is favored by many listed companies. When the company is in production and operation, the market in which the company is in is always changing, and the right amount of stock repurchase is an effective response to the changing market. The proper share repurchase plays an important role in the effective utilization of the company's industrial funds and the rise of the stock price. Moreover, the stock repurchase is beneficial to the rational distribution of the stock profits and reduces the contradiction among the shareholders. However, although the company knows the importance of stock repurchase, the phenomenon of stock repurchase has been increasing year by year in China in recent years, but the capital market of our country is not perfect, and some problems need to be solved in the process of stock repurchase. This paper makes a brief analysis of the causes and economic consequences of stock buyback of listed companies in China, hoping to be helpful to the effective stock repurchase of listed companies.
【作者单位】：陕西兴化化学股份有限公司;
【分类号】：F832.51

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