《借壳上市对企业绩效的影响—基于山煤集团借壳中油化建的分析》-毕业论文设计.docVIP

广东外语外贸大学南国商学院本科毕业论文—— 借壳上市对企业绩效的影响 ——基于山煤集团借壳中油化建的分析 [摘 要] 20世纪90年代以来，国有企业借壳上市已经成为国内普遍关注的热点问题，同时，也是地方政府实现经济战略性发展的重要方式。由于我国资本市场尚处于初级阶段，上市额度成为一种不可多得的稀缺资源，研究非上市国有公司如何通过一条捷径上市，从而运用证券市场的功能提高企业运营绩效，具有重要的现实意义。国有企业借壳上市作为充分利用上市资源的一种并购形式存在，市场对借壳上市有着强烈需求，但是国有企业借壳上市中，不同的策略影响着企业借壳上市的成败。本文将山煤集团借壳上市作为研究案例，从该案例中分析总结非上市国有企业在借壳上市的过程中采取哪些战略政策，可以使企业绩效得以改善。 [关键词] 国有企业；上市公司；借壳上市；企业绩效 Backdoor Listing on the Impact of Corporate Performance Abstract：Since 1990’s, the back-door listing of the state-owned enterprise is the hotspot which has been paid close attention to by the whole nation ,and which is the significant way to bring economic growth used by local government.Since the Chinese capital market is still in the primary stage,the listing quota scarce resources prove to be a kind of scarce resources.The study of the means of going publice of the state-owned enterprise necessarily has its own realistic significance.As one of the ways of merger and acquisition,the back-door listing of the state-owned enterprises has run into a lot of difficulties.Werther it works dues to many strategies.The research topic of this paper is the back-door listing of Shanxi Coal International Energy Group CO.LTD. Through the case , it analysises and summaries what strategies the unlisted state-owned enterprises take during the progress of the back-door listing help to improve the performance of the enterprises. Keywords：State-owned enterprise；Listed company；Back-door listed；Corporate performance 目 录 TOC \o 1-2 \h \z \u HYPERLINK \l _Toc312616330 1 绪论 PAGEREF _Toc312616330 \h 1 HYPERLINK \l _Toc312616331 1.1 研究背景和研究意义 PAGEREF _Toc312616331 \h 1 HYPERLINK \l _Toc312616332 1.2 文献综述 PAGEREF _Toc312616332 \h 1 HYPERLINK \l _Toc312616333 1.3 研究框架 PAGEREF _Toc312616333 \h 3 HYPERLINK \l _Toc312616334 2 借壳上市的理论分析 PAGEREF _Toc312616334 \h 5 HYPERLINK \l _Toc312616335 2.1 借壳上市的概念 PAGEREF _Toc312616335 \h 5 HYPERLINK \l _Toc312616336 2.2 衡量企业绩效的财务指标的选择 PAGEREF _Toc312