企业并购重组中异议股东股权(份)回购请求权研究  

On the Repurchase Rights for Dissent Shareholders in Corporate Mergers and Acquisitions

作　　者：胡洁[1] 张卓媛 HU Jie;ZHANG Zhuoyuan(The School of Business and Management,Shang hai International Studies University,Shanghai 201620;Department of Law School,North China University of Technology,Beijing 100144)

机构地区：[1]上海外国语大学国际工商管理学院,上海201620 [2]北方工业大学法律系,北京100144

出　　处：《内蒙古师范大学学报（哲学社会科学版）》2019年第1期90-103,共14页Journal of Inner Mongolia Normal University：Philosophy and Social Sciences Edition

基　　金：北京市社会科学基金重大项目(15ZDA41)阶段性成果

摘　　要：异议股东股权(份)回购请求权又称现金选择权、异议权、估价权等。股权(份)回购请求权是公司法上的请求权,属于自益权,具有形成权的特征。偏好性协调理论实际上是在公司契约理论的基础上对异议股东权利保护提出的一个新的理论支撑,不仅在分析股权回购请求权的产生原因上有重要作用,而且在界定适用范围上有着独特的意义。异议股东回购请求权法律制度在中国的引入呈现出逾淮为枳的困境。上市公司采取的现金选择权成为强制收购的合法工具,与异议股东回购请求权的真义貌合神离。The repurchase rights for dissent shareholders is also called cash option,dissenter’s right,appraisal right and so on.The repurchase rights for dissent shareholders is the right to request in the company law,belonging to the self-benefit right,with the characteristic features of legal formulation right.Preference reconciliation theory is actually a new theoretical support for the protection of dissident shareholder rights on the basis of the company contract theory.It not only plays an important role in the analysis of the reasons for the repurchase rights for dissent shareholders,but also bears unique significance in the definition of application scope.The introduction of the legal institution of repurchase rights for dissent shareholders in China presents dilemmas that it becomes inferior in quality after legal transplant.The cash option used by listed companies has drifted into a legal tool for compulsory acquisitions,and is seemingly in harmony but actually at variance with the repurchase rights for dissent shareholders.

关 键 词：异议股东股权(份)回购请求权 形成权 并购 现金选择权 

分 类 号：DF411.91[政治法律—经济法学]