国有股上市流通与减持方案的分析研究-工商管理(MBA)专业论文.docxVIP

摘要我国证券股票交易市场在十年的发展过程中，取得了巨大的成就，同时也 摘要 我国证券股票交易市场在十年的发展过程中，取得了巨大的成就，同时也 存在很多问题。其中，国有股如何上市流通与减持，这个问题近来讨论十分广 泛，国家始终没有拿出一套行之有效的方案。阃题焦点集中在国有股的定价和 流通与减持方式上，怎么做才能实现国有资产保值、增值的同时，又要避免对 证券二级市场造成太大冲击和压力。因为国有股数量庞大，急于变现会造成二 级市场的巨大压力，会严重影响到证券二级市场的繁荣和稳定。也正因为此， 国有股流通与减持始终难有实质性进展。对其进行深入的探讨和政策研究是十 分必要的，也有着很高的学术理论价值和意义。 本文采用理论与实践相结合的方法，从存在的问题入手。到解决问题的意 义，对问题解决方案进行深入分析，理论联系实践，从而得出结论。具体如下： 首先简要介绍我国证券市场中上市公司和国有股的大概情况，通过对国有股流 通与减持问题正、反两方面的比较，得出解决国有股流通与减持问题的意义； 其次，通过仔细分析国有股流通与减持的主要方案特点，相应方案对小到微观 上市公司，大到宏观股票二级市场的影响，运用理论与实践相结合的方法，加 以分析研究，最后得出结论：上市公司在提高自身业绩的同时，应当结合自己 的实际情况，在遵循市场规则和国家法律政策的条件下，制定出一套系统、完 整、妥善的保障运行机制，采取多种途径来解决国有股的流通与减持问题。 中文关键字： 国有股：流通减持方案；分析研究 AbstractOur Abstract Our Country’S Stocket Exchange market has been developing for ten years， which makes great achievements and exists many problems．One of the problem is how to circulate and reduce the state-owned shares in the stocket market．It is being widely discussed nowadays．Up to now,the state has not put forward an effective program．The problem centers amund fixing the price of state-owned shares and the patterns of circulation and reduction．What is to be done to increase or preserve the value of state-owned assets without causing very much shock and pressure to the stocket exchange market?Since the state—owned shares are huge in quantity,a hasty marketability will b血培about great pressure to the stocket exchange market and gravely affect the prosperity and stability of the stocket exchange market．Therefore，it’s hard tO make substantive progress in reduction of state-owned shams．Thus，it is quite necessary and has a hi曲academic and theoretic value and significance to make a thorough study and probe into the relevant policy． This thesis，which starts with existing problems to the significance of solving the problems，through combining theory with practice，makes a thorough analysis of various programs and then comes to a conclusion．The whole contents ofthis thesis are as foUows： The first part is a brief introduction of listed oompaules