论目标公司反收购的立法规制  

Legislative Restriction on Anti-acquisition of Object Corporation

作　　者：苏平[1] 梁新奕[2] 

机构地区：[1]重庆工学院,重庆400050 [2]西南政法大学,重庆400031

出　　处：《重庆工学院学报》2003年第6期98-100,共3页Journal of Chongqing Institute of Technology

摘　　要：敌意收购可以从公司外部监督管理者,确保公司管理层努力提高工作效率,并自觉维护股票的价值。但目标公司管理层采取反收购措施,则会抵消敌意收购的积极作用,我国公司立法应当从改善公司治理结构,保护小股东的角度对公司反收购进行规制。Hostile acquisition may function in supervising the directorate and promoting the efficiency of the management from the outside, and maintain the share value of the corporation. If object corporation implements the anti-acquisition, it may offset the active functions of the hostile acquisition. Therefore, more legal restrictions to anti-acquisition of corporation should be made in China from the perspective of improving company's management and protecting small shareholders' interests.

关 键 词：敌意收购 反收购 代理成本 小股东利益 公司收购 

分 类 号：D912.29[政治法律—民商法学]