上市公司再融资问题研究-金融学专业论文.docxVIP

2 2 内容提要 融资价格对上市公司各类股东之间利益的影响等，并提出了上市公司过度再融 资的问题及相关理论解析。 第四部分所讨论的是上市公司再融资方式选择过程中所出现的“股权再融 资偏好”问题，本文将通过相关的实证分析以证实其存在性以及导致这一问题 产生的诸多因素。 第五部分是对上市公司再融资后投资效益状况的研究，主要以实证分析的 方式来验证我国上市公司再融资效益下滑的实际情况。另外，还简要阐述了引 起上市公司再融资后投资效益下滑的主要原因。 第六部分，也是文章最后一个部分，是对本文以上各部分研究结果的全面 总结，并对整个分析过程中所发现的我国上市公司再融资方面的一些问题提出 了相关的政策建议。 关键词：上市公司再融资再融资总体规模再融资个体规模再融资 价格再融资方式再融资效益 ABSTRACT ABSTRACT l ABSTRACT Extended reproduction is the necessary way of enterprise’S existence and development in modem economy conditions．Furthermore，along with the larger enterprise scale and the deeper multi-industry，enterprise payoff that accumulates by them cannot fulfill the requirement of enterprise development any longer．So whether enterprise Can obtain fimds from outside has become the key“bottleneck”． Especially，in our country that was short of production capital，the difficulty of enterprise’S financing always constrains the economy entire development and affects directly all kinds of departments and enterprise．It means that enterprise’S financing from outside is the problem that deserves research deeply． Generally speaking，according tO the relationship between enterprise financing and financing ways，the enterprise financing from outside Can divide to direct and indirect way．The dissertation only discusses the indirect financing way and emphasizes on the list company’S re-financing and related investment after IPO． There are two reasons why the dissertation researches on the list company’S re—financing．One is the list company has many disadvantages and characteristics on financing way compared with other company，the other is the improvement of finance environment make the list company obtain funds easier and bring new problems about re·financing and investment． The dissertation will describe four parts of content，including re—financing scale， re-financing price，re—financing mode and re—financing benefit by demonstration and theoretic analysis and try to open out the problem and the reason causing these pro