股份公司章程限制股份转让的经济学分析——兼谈《公司法》第138条之完善  

An Economic Analysis of Restrictions by Articles of Association upon Share Transferability with a Reference to the Improvement of Article 138 of the Company Law

作　　者：孙远辉[1] 徐江 

机构地区：[1]南京大学法学院,江苏南京210093 [2]江苏省盐城市亭湖区人民法院,江苏盐城224000

出　　处：《北京交通大学学报（社会科学版）》2012年第3期115-119,共5页Journal of Beijing Jiaotong University(Social Sciences Edition)

基　　金：教育部人文社科研究规划基金项目"后金融危机时代公司治理规制创新研究"(11YJA820083)

摘　　要：股份自由转让权是股东的一项初始权利,在法律未禁止的情况下,股东可以以之与股份公司交易,由公司章程限制股份转让,从而形成新的更有效率的权利安排。公司章程限制股份转让应以提高效率为目的,并应具有合理界限。我国公司法中关于股份转让方面的规定存在结构性的缺陷,应遵循经济逻辑予以完善。The liquidity right is the initial right of shareholders, and, if not forbidden by law, could be transacted with the stock company and be restricted by articles of association in order to make a new and more effective arrangement of the legal rights. The restrictions are established for the improvement of performance efficiency with reasonable limits. The provisions of transferability of shares in China＇s Company Law have some structural defects, which should be revised with a close observation of the logic of economy.

关 键 词：公司章程 股份自由转让 权利安排 经济学分析 立法完善 

分 类 号：F276.6[经济管理—企业管理]