国有企业民营化:股票发行视角的一个分析  

The Privatization of State-owned Enterprises:An Analysis from the Perspectives of Share Issue

作　　者：桑榕[1] 

机构地区：[1]辽宁大学经济学院,辽宁沈阳110036

出　　处：《辽宁大学学报（哲学社会科学版）》2015年第3期67-72,共6页Journal of Liaoning University(Philosophy and Social Sciences Edition)

基　　金：国家社科基金"金融风险传导与我国保险业风险防范研究"(12BJY165)的阶段性成果

摘　　要：各国国有企业民营化采取了不同的方式,具体包括直接出售、股票发行和发行民营化凭证等。就具体的民营化方式来讲,包括中国在内的诸多国家越来越多地采用了股票发行方式。股票发行方式民营化不但提高了股票市场的流动性,同时也极大地促进了一国股票市场的发展。成功的股票发行方式民营化涉及发售机制的选择、股票的出售与分配以及股票的定价等相关方面。因此,一国在民营化时应注重股票发行的具体操作,并加强证券市场的法制建设和投资者保护,努力实现民营化与股票市场二者之间的良性共同发展。The governments of different countries used several kinds asset sales, share issue privatizations and voucher privatizations etc.. With of privatization methods, including regard to the methods of privatizations,the share issue privatizations is adopted by more and more countries,including China. Share issue pri- vatization not only increases the liquidity of the stock market,but also promotes the development of the national stock market. The success of privatization are related to a series of aspects,including the selection of IPO selling mechanism,the selling and distribution of the IPO stocks, and the pricing of IPO stocks etc., and therefore the government should pay more attention to the operation of the share issue privatization,enforce the protection of the investors and the building of the laws relating to the stock market, and make efforts to re- alize the mutual promotion and development between the privatization and the stock market.

关 键 词：国有企业 民营化 股票首次公开发行 

分 类 号：F830.91[经济管理—金融学]