基于减持新规的创业期特定股东违规减持动因与后果分析  

Analysis of the Causes and Consequences of the Illegal Reduction of Specific Shareholders in the Start-up Period Based on the New Reduction Rules

作　　者：汪炜[1] 何欣忆 Wang Wei;He Xinyi(School of Law,Humanities and Social Sciences,Wuhan University of Technology,Wuhan 430070,China)

机构地区：[1]武汉理工大学法学与人文社会学院,湖北武汉430070

出　　处：《科技创业月刊》2025年第3期137-141,共5页Journal of Entrepreneurship in Science & Technology

基　　金：武汉理工大学校级“十三五”规划(建项基金)项目“《交通法概论》规划教材《内河交通安全管理条例》修订必要性研究”(20202h0284)。

摘　　要：减持新规视域下,创业期特定股东减持操作应合规化推进,这是顺应股权分置改革的必然趋势,也是保障股东利益的基本要求,推动公司由创业期过渡到成长期,以此促进公司快速扩张。当前,创业期特定股东违规减持现象屡禁不止,这无疑对减持新规的实施提出挑战。为确保减持新规有效应用,要深入分析特定股东违规减持动因与后果,据此拓展特定股东规范减持的思路。研究在相关概念介绍的基础上,总结股东违规减持的类型及过程,重点分析创业期特定股东违规减持动因及后果,根据减持新规提出规范创业期特定股东减持行为的意见。Under the perspective of the new regulations on shareholding reduction,the shareholding reduction operation of specific shareholders in the start-up period should be promoted in compliance,which is the inevitable trend of the reform of non-tradable shares,and also the basic requirement to protect the interests of shareholders,promote the transition from the start-up period to the growth period,and promote the rapid expansion of the company.At present,the phenomenon of specific shareholders in the entrepreneurial period is repeatedly banned,which undoubtedly challenges the implementation of the new reduction rules.In order to ensure the effective application of the new regulations on shareholding reduction,it is necessary to deeply analyze the causes and consequences of the illegal shareholding reduction of specific shareholders,and accordingly expand the idea of the standard shareholding reduction of specific shareholders.On the basis of the introduction of relevant concepts,this paper summarizes the types and processes of shareholders'illegal shareholding reduction,then focuses on the analysis of the causes and consequences of the illegal shareholding reduction of specific shareholders in the start-up period,and finally puts forward opinions on regulating the shareholding reduction behavior of specific shareholders in the start-up period according to the new rules of shareholding reduction.

关 键 词：创业期 股东违规减持 信息披露 监管体系 法律规制 

分 类 号：F271[经济管理—企业管理]