上市公司放弃增发股份认购权的损益效应研究——基于证监会“会计新规”的视角  

Study on Profit Loss Effect of Listed Companies Giving up Subscription Rights to Issuance of Additional Shares:From the Perspective of Accounting New Regulations

作　　者：顾海峰[1] 

机构地区：[1]东华大学旭日工商管理学院,上海200051

出　　处：《财经理论与实践》2013年第3期48-52,共5页The Theory and Practice of Finance and Economics

基　　金：国家社科基金项目(09BJY109);中国博士后科学基金项目(20090450683);教育部人文社会科学基金项目(11YJC790051)

摘　　要：以中国证监会"会计新规"为切入点,构建基于"会计新规"的上市公司损益效应测度模型,在此基础上,揭示上市公司损益效应演进的二维微观机理,并以此为理论依据,设计基于损益效应的上市公司增发认购策略。该研究成果可为上市公司理性对待被投资企业的增发认购问题提供决策依据,有利于实现证券市场上市公司与投资者之间的"双赢局面",从而维护证券市场的健康、稳定、可持续发展。The profit loss effect model has been built in the paper from the perspective of accounting new regulations.The two-dimensional micro mechanism of listed companies profit loss effect evolution has been revealed.Then based on the theoretical analysis,the strategy to subscription rights to issuance of additional shares for listed companies has been provided.The research results will provide an important basis of decision making for listed companies how to rationally deal with the problems to subscription rights to issuance of additional shares from the invested enterprises,which will possess important theoretical and practical significance to listed companies and investors obtaining ＂win-win＂ in securities market,and so as to maintaining a healthy,stable and sustainably developing securities market.

关 键 词：上市公司 增发股份 认购权 损益效应 会计新规 

分 类 号：F830.91[经济管理—金融学]