我国建立优先股制度的若干问题分析-analysis of some problems in establishing preferred stock system in china.docx

establishment and improvement of the preferred stock system in China, first tell us China has met the basic conditions for the implementation of the preferred stock system; secondly discusses there is surviving a blind spot in our preferred stock system; finally, the blind spot is found improve the preferred stock system some suggestions.This article through above analysis to get the results that, if the establishment of the preferred stock in China, it will enable enterprises in the financing process more inclined to issue preferred stock system, as preferred stock financing can effectively prevent enterprises to issue shares is overvalued in the financing behavior, Attracting the attention of investors and improve corporate financing capacity, reduce the pressure which come from corporate dividends and refinancing, bring huge economic benefits for corporate finance, investors also will bring benefit to the overall financial markets. In this article, there use the overall value advantage of preferred stock to described the reasonableness and necessity of preferred stock system which establishment in China.Key words: Preferred stock, Preferred stock system, The advantages of preferred stock, Corporate financeIII目录中文摘要 I英文摘要 II引言 1（一）选题背景 11.研究背景 12.研究意义 23.研究内容与研究方法 2（二）优先股制度的研究现状及发展趋势 31.我国资本市场融资现状——普通股与优先股 32.国外优先股制度起源及其发展历程 43.优先股制度的相关研究现状 5一、优先股概述 7（一）优先股的概念及其特征 71.优先股的概念 72.优先股的特征 7（二）优先股的种类 81.累积优先股与非累积优先股 92.参与优先股与非参与优先股 93.可收回优先股与不可收回优先股 104.可转换优先股与不可转换优先股 11（三）优先股会计处理方式 12二、优先股制度理论依据 15（一）融资优序理论 15（二）信号传递理论 18三、优先股制度优势分析 21（一）优先股制度对企业的优势 211.利用优先股推动上市公司分红 222.优先股在并购或被并购时的优势 23（二）优先股制度对投资者及市场的优势 261. 投资者受益 262. 整体市场受益 26（三）优先股融资案例分析 271．银行现状 272.融入优先股制度后的发展预测 303.案例结论——优先股制度的积极作用 32四、优先股制度在我国的建立与完善 34（一）我国已具备推行优先股制度的基本条件 341.政策条件 342.法律条件 34（二）优先股制度在我国尚存盲点 35（三）完善我国优先股制度的若干建议 35结语 38参考文献 39后记 41引言随着中国经济的高速发展及金融市场的不断扩大，在国外有着百年历史的优 先股制度，如今在我国的政策环境中正处于不断完善的过程。本文希望通过对优 先股制度多角度的研究，说明在我国建立优先股制度势在必行。伴随着多种优先 股制度融资案例的经验，国外对优先股制度的研究已日趋成熟，