论文部分内容阅读
公司达到一定的条件后,可以申请公开发行,获得融资,进入证券市场,成为公众公司。公众公司可以提高企业的形象和价值,获得更多的融资机会,但是他也必须受到公众的监督,定期公布自身的经营和财务状况。公司由于一定的原因业绩下滑或者管理不善就会被市场发现,或者因为失去了上市公司应具有的条件而被限期改正,如果不能改正则会被退出证券市场,就会出现上市公司的退市。上市公司退市制度是证券市场机制的重要组成部分,在证券市场上发挥着重要的作用。但是目前由于我国的退市制度过于宽松,被特别处理的公司可以轻易的规避退市的风险,退市制度的实施效果不尽人意,也没有起到促进上市公司提高质量的目的。本文以昌九公司为例,进一步探讨分析政府补助对我国的退市制度影响。
After the company reaches certain conditions, it may apply for public offering, obtain financing, enter the stock market and become a public company. Public companies can enhance the image and value of their businesses and get more financing opportunities, but he must also be subject to public scrutiny and regularly publish their own business and financial position. If for some reason, the Company’s performance declines or mismanagement will be discovered by the market or it will be rectified within a time limit due to the loss of the conditions that the listed company should have, and if it can not be rectified, it will be withdrawn from the stock market and the delisting of the listed company will occur. The delisting system of listed companies is an important part of the securities market mechanism and plays an important role in the securities market. However, due to the over-liberalization of China’s delisting system, specially treated companies can easily avoid the risk of delisting. The implementation of the delisting system is not satisfactory and does not serve to promote the improvement of the quality of listed companies. In this paper, Chang nine companies, for example, to further explore the impact of government grants on China’s delisting system.