股改中通谋与非法交易引发的思考  

Thinking Caused by Conspiracy and Illegal Trading in Shareholding Reform

作　　者：刘艳华[1] 董万程[2] 

机构地区：[1]广东金融学院,广东广州510521 [2]海南大学法学院,海南海口570228

出　　处：《肇庆学院学报》2010年第4期39-41,共3页Journal of Zhaoqing University

摘　　要：机构投资者对改革方案的支持率与对价之间存在很多的关联,而流通股股东对改革方案的支持率与对价之间呈正比例关系。机构投资者对改革方案的支持率与公司非法交易呈正比例关系,其他流通股股东的表决意见与公司非法交易没有明显关联。这说明非流通股股东与公司机构投资者通谋进行非法交易,使得非流通股支付低对价,机构投资者获得额外收益,这是股改中出现的新的违法问题,值得我们去探讨。Institutional investors support to reform programs is related very much to the stock prices.The support from holders of circulating stocks are positive with the stock prices,while those from institutional investors are positive with illegal trading.And polls from other circulating shareholders have no obvious rela-tionship with illegal trading.Which reveals that there is illegal trading between shareholders of non-circulating stocks and institutional company investors.The former pay lower prices and the in...

关 键 词：股权分置改革 通谋 非法交易 利益 法治 

分 类 号：D922.287[政治法律—经济法学]