论文部分内容阅读
上海上市公司的特点是:起步早、数量多、门类齐、国有股比重大和业绩分化。根据党的十五大提出的必须对国有资产进行战略性重组的要求,通过多种途径降低上市公司国有股比重,从而提高上市的质量,这是当前亟待解决的一个重要问题。一1、国有股回购股份回购是上市公司向其股东购回股份的一种金融操作手段。在市场经济中,企业的经营不仅受到商业循环与市场周期的影响,企业自身也有循环周期。当企业发展低迷时,将闲置或收益率较低资金用于其股份的回购注销,无疑是对资源配置效率的某种改善。
Shanghai listed companies are characterized by: early start, a large number of categories, Qi, the proportion of state-owned shares and performance differentiation. According to the requirements put forward by the 15th National Party Congress for the strategic restructuring of state-owned assets, it is necessary to reduce the proportion of state-owned shares of listed companies in various ways so as to improve the quality of the listing. This is an important issue to be solved urgently. First, the repurchase of state-owned shares The repurchase of shares is a financial means by which listed companies repurchase their shares to their shareholders. In a market economy, the operation of an enterprise is not only affected by the business cycle and the market cycle, but also by itself. When the business development downturn, the idle or low-yielding funds for the repurchase of its shares canceled, is undoubtedly some improvement in resource allocation efficiency.