后股权分置改革时期公司控制权市场面临的新问题  

Problems in the Development of Corporate Control Market in Post Share-trading Reform Era

作　　者：张慕濒[1] 

机构地区：[1]华东师范大学金融系

出　　处：《社会科学》2008年第6期76-81,共6页Journal of Social Sciences

摘　　要：上市公司股权分置改革从根本上建立了我国资本市场的运行基础,其本质是流通股股东和非流通股股东通过协商方式重新分配上市公司控制权的过程,并由此引发上市公司控制权的竞争行为,给后股权分置改革时期我国公司控制权市场的发展带来了巨大的机遇与挑战。为此,有必要从公司控制权市场治理效力的角度分析后股改时期我国公司控制权市场发展面临的问题,并对未来公司控制权市场的培育提出政策建议。Share-trading reform in China's listed companies established the foundation of capital market.Actually,this reform reallocated control rights of listed companies by way of negotiations between circulation shareholders and non-circulation shareholders.As a result,it had led to active competitions for corporate control rights among insiders and outsiders,which brought huge opportunities and challenges to the development of China's corporate control market.This paper analyzes problems in the development of corporate control market in post share-trading reform era from perspective of its corporate governance ability,and furthermore,it puts forward some useful suggestions about the future mechanism design.

关 键 词：后股权分置改革时期 公司控制权市场 公司治理 

分 类 号：F830.91[经济管理—金融学]