交叉持股对上市公司的影响毕业设计.doc

河南财经学院本科生毕业论文 交叉持股对上市公司价值的影响分析 姓　　名 学　　号 专　　业 指导教师 2008年月日 本文结合新会计准则对交叉持股的相关规定，在国内外专家学者研究的基础上，首先分析了交叉持股具有降低交易成本、方便财务运作、对抗公司收购和稳定公司股价的功能；其次探讨了交叉持股的危害，即交叉持股不仅虚增资本、妨碍证券市场正常交易秩序、不利于公司治理结构的完善还影响上市公司价值评价；然后通过对比分析，针对我国的现状提出了对交叉持股进行法律规制的构想。 关键词：交叉持股；虚增资本；交易性金融资产；可供出售金融资产 Abstract The implementation of the new accouting standards has reformed the deal of foreign equity investment, which adopts the concept of assets and liabilities to recognize and measure the strong flow equity investment by fair value measurement. The new accouting standards are important for the performance of companies, which have cross-shareholdings. Then a listed companys equity investment value, which triggered a reassessment of the equity investment process. Investors in the market information misunderstanding is not conducive to the stable development of the securities market, but also scattered listed companys business focus. So a correct understanding of cross-shareholdings play an important role in chinas capital market development and improvement of the corporate governance structure. Combined with the new accounting standards on the provisions of cross-shareholdings and domestic and foreign experts’ research , this paper mainly introduces the following elements: Firstly, cross-shareholdings have function of lowering transaction costs, facilitating financial operations, resisting the acquisition and stabilizing the company shares’prize; Secondly, cross-shareholdings have negative effects of inflating capital, hampering the normal trade order and the consummation of corporate governance structure and affecting performance evaluation; Thirdly, this paper accomplishs the series of legal regulation through comparative analysis, in view of present status. Key Words: Cross-shareholdings；Inflated capital； Transactions of financial assets；Financial assets available for sale 目 录 引 言 1 一、上市公司交叉持股的现状分析 1 （一）交叉持股的概念 1 （二）交叉持股的现状分析 2 二、新会计准则对交叉持股的相关规定 3 （一）新会计准则对长期股权投资的规定 3 （二）新会计准则对交易性金融资产和可供出售金融资产的