我国上市公司融资行为实际问题研究  

Empirical Analysis on the Stock Financing Preference of China's Listed Companies

作　　者：王小哈[1] 周永强[1] 

机构地区：[1]厦门大学经济学院,福建厦门361005

出　　处：《中国地质大学学报（社会科学版）》2002年第3期47-52,共6页Journal of China University of Geosciences(Social Sciences Edition)

摘　　要：根据现代企业融资理论和成熟市场经济国家的实践经验 ,上市公司在有融资需求时 ,融资顺序依次为内部留存、债务融资、股票融资。本文通过某些事实分析 ,认为我国上市公司在再融资方式的选择上呈现出强烈的股权融资偏好。结合实际情况分析了上市公司偏爱股权融资的弊端及其原因 。Modern enterprise financing theory and the experience of developed market economic countries show that when listed companies need money,they will select firstly the retained earnings,then debt financing secondly and finally stock financing Based on empirical analysis,this paper reckons that listed companies of our country have strong stock financing preference of choosing refinancing methods,analyses the causes and drawbacks of this phenomenon,and gives out some stvategical advices

关 键 词：上市公司 股权融资 偏好 

分 类 号：F832.5[经济管理—金融学]