谈企业如何上市融资分析研究 财务管理专业VIP专享VIP免费

谈企业如何上市融资摘要：上市公司融资实质上是公司剩余控制权与剩余索取权重新配置的过程，融资方式的选取直接影响公司相关经济主体的利益和行为，并最终影响公司治理的效率，因此，合理的融资结构是公司有效治理的基础。我国上市公司在免费资本幻觉的驱使下表现出强烈的股权融资偏好，形成了重股权、轻债权的融资结构在目前我国证券市场低效、控制权市场欠发达、融资制度不健全的情况下，这种融资结构加大了股东与经理人之间的利益冲突，降低了公司的治理效率。因此，加强债券市场建设、完善股市融资制度、建立良好的信用评级和信息披露制度是规范我国上市公司融资行为、改善其治理效率的重要手段。本文我国上市公司融资现况做出分析与研究，并对其存在的问题做出相应的对策。关键词：上市公司股权融资影响对策Abstract：Thelistedcompanyfinancingisessentiallyremainderofthecompanyandresidualclaimstocontrolconfigurationprocess,theselectionofthefinancingwaydirectlyaffectthecompanyrelevanteconomicsubjectinterestsandbehavior,andultimatelyaffecttheefficiencyofcorporategovernance,therefore,reasonableoffinancingstructureisthefoundationofthecompanyeffectivegovernance.China'slistedcompaniesinthecapitalofillusiondrivenbyfreeshowedastrongequityfinancingpreference,formedheavyequity,lightofcreditor'srightsfinancingstructure,inthecurrentourcountrysecuritiesmarketinefficient,controlmarketowesthedeveloped,financingsystemisnotperfect,thefinancingstructureincreasedtheshareholdersandmanagersconflictsofinterestbetween,reducingthecompany'smanagementefficiency.Therefore,strengtheningthebondmarketconstruction,improvingthestockfinancingsystem,establishagoodcreditratingandinformationdisclosuresystemofthelistedcompaniesinChinaarestandardfinancingbehavior,improvethemanagementefficiencyoftheimportantmeans.ThispaperpresentthelistedcompaniesinChinatofinanceanalysisandresearch,anditsexistingproblemsmakecorrespondingcountermeasures.Keywords：ListedcompanyEquityfinancinginfluencecountermeasures目录1综述........................................................................................................................................41.1本文的研究意义及目的.....................................................................................................41.2国内外研究现状.................................................................................................................41.2.1国外的研究现状..............................................................................................................41.2.2我国的研究现状..............................................................................................................51.3本文拟解决的问题.............................................................................................................62我国上市公司融资现状........................................................................................................62.1国内转债市场发行主体明显单一.....................................................................................62.2.发行公司的信息披露存在不规范情况.............................................................................62.3.部分公司对募集资金使用缺乏风险意识和效率.............................................................72.4部分公司转债股过程中存在不规范行为.........................................................................73我国现阶段上市公司资本结构主要存在的问题....................................................................83.1资产负债率水平偏低...