首都文化创意产业境外上市公司的资本结构研究  

Study on Capital Structure of the Overseas Listed Companies in Beijing Cultural Creative Industry

作　　者：于宁[1,2] 张月[1] 高媛[3] 

机构地区：[1]北京第二外国语学院经贸与会展学院高端服务业投融资研究中心,北京100024 [2]特华博士后科研工作站,北京100029 [3]秦皇岛职业技术学院旅游系,秦皇岛066100

出　　处：《河北大学学报（哲学社会科学版）》2014年第3期100-104,共5页Journal of Hebei University(Philosophy and Social Science)

基　　金：2013年国家社科基金项目<城市会展产业发展模式的国际比较研究>(13CGL075);2013年度北京第二外国语学院校级科研立项项目<后危机时代首都文化创意产业国际投融资研究>(13Bb003);2014年度河北省社会科学发展研究课题<河北省文化创意产业国际投融资研究>(2014021408)

摘　　要：近年来文化创意产业对我国GDP产值的贡献日益显著,然而由于产业内无形资产较难评估,文化创意企业在发展初期就很难从国内市场融资,这在一定程度上促使我国文化创意企业纷纷进军海外市场,目前已有数十家文化创意企业在境外资本市场成功上市。不过较多文化创意企业在赴美上市后,尤其是小盘股公司,在上市后多受到市场冷遇,资产流动性变差,后续融资变得越来越困难。将基于北京市文化创意产业境外上市公司的研究数据,来分析产业内境外上市融资公司的资本结构的特点及存在的问题,进而提出相应的政策建议。Over the recent years, the cultural creative industry has been playing an increasingly important role in our country＇s GDP. However, at the early stage of development, with the limit of difficult assessment for intangible assets, cultural creative companies couldn＇t find a good way to finance in domestic market, which to some extents contributes that they marched into the overseas market for financing. Then many of them went for IPOs successfully. But after that, several small-cap stock companies came across a chilly reception in the marketplace, a slow reaction of liquidity of assets and then difficulty in fi- nancing. In this paper, based on the analysis of overseas listed companies of Beijing cultural creative industry, it will research further on the capital structure＇s current situation and characteristics, and analyze the reasons and necessity of overseas financing, and propose relative suggestions.

关 键 词：文化创意产业境外上市公司 境外融资 资本机构 

分 类 号：G124[文化科学]