中国民营企业在海外买壳上市的题目研究(1)
2016-06-26 01:02
导读：企业管理论文论文，中国民营企业在海外买壳上市的题目研究(1)样式参考，免费教你怎么写，格式要求，科教论文网提供的这篇文章不错：【摘要】近些年，买壳上市在民营企业中掀起了一股***。而美国股市是世界上最
【摘要】近些年，买壳上市在民营企业中掀起了一股***。而美国股市是世界上最大的资本市场。不仅上市公司数目多、交易规模大，而且有3个不同类型的正式市场可供选择。规模大的企业可选择纽约证交所或纳斯达克全国市场，小的企业可以选择纳斯达克小资本市场、美国证交所。在美国首发上市(IPO)通常都选择上述三大市场。然而，IPO需要一个完成的上市审批程序，因此一些情况下，企业为了节省时间，就采取买壳上市的方式。
中国企业进进美国资本市场的五种途径中，以IPO与买壳上市最为常见。买壳上市与IPO相比，具有风险低、经济、快捷等上风，很多民营企业家看重这些上风，纷纷选择通过买壳上市进进海外资本市场进行融资，实现资本增值，并进步企业在国际市场的声誉。
本文以美国资本市场为例，对中国民营企业在美国进行买壳上市进行探讨分析。本文从上市途径、买壳上市与IPO的差异比较、买壳上市的实现过程、壳公司的选择方案、美国资本市场简单先容等角度，较为系统地讨论了中国民营企业在美国买壳上市的上风与风险。并对以往的典型案例进行分析，找出民营企业在国外买壳上市败多成少的原因，指出现阶段在中国民营企业中盲目“买壳热”的误区是导致多数失败的根源。企业应该全面了解美国资本市场的真实情况，根据自身的实际情况选择合适的融资途径，才能真正得到发展。关键词：买壳上市、首次公然发行、中国民营企业、壳公司Abstract
Backdoor listing (which also known as reverse takeover) is becoming more and more popular during these years. It is no doubt that the US has the biggest capital market all over the world. Besides lots of public companies and large scales of transactions, there are also 3 different types of stock exchanges for investors to choose. Mostly, bigger enterprises would like to go public in NYSE or NASDAQ, while smaller ones usually prefer the Small 0.Cap or AMEX. IPO often occurs in the big three above. However, corporations take long time to examine and to approve in the process of IPO. Under this circumstance, enterprises go public from the backdoor instead in order to save time.
（科教范文网 fw.nseac.com编辑发布） Among the five ways of going public, IPO and backdoor listing are the most familiar ones to us. Compared with IPO, backdoor listing has advantages in timing, cost and low risk. On the ground of these advantages, large amount of enterprise went public in this way to achieve capital appreciation and to raise there fame in the international market.
In this Paper, I talk about backdoor listing of Chinese private enterprise in American capital market. In addition, I study in the aspects of approach of listing, backdoor and IPO comparing, process of carrying out backdoor listing, shell choosing and general introduction of the capital market in America to tell the advantages and risk of a reverse takeover. Also, some cases are analyzed to explain why most backdoor listing did not achieve their original goal and to point out that fanaticism of backdoor listing leads to the majority of failure. Investors ought to acquaint themselves with all-around knowledge of American capital market, so that they can find a right way of development.
