企业海内外上市环境比较分析.pdfVIP

2006 /14 总第 346期 商业研究 COMMERCIAL RESEARCH : 1001- 148X ( 2006) 14 - 0135- 04 冯 莉, 张明倩 (河北大学 经济学院, 河北保定 071002) : 近年来, 在金融国际化国内经济持续高速增长以 国内证券市场疲弱不振的背景下, 大量企 业海外上市已成为引人注目的热潮企业为何不惜高额成本海外上市? 必须就此问题对企业海内外上 市环境做深入的比较分析, 才能发现我国资本市场的制度性缺陷, 从而采取相应的对策 : 企业上市; 企业海外上市; 企业上市环境; 资本市场 : F270 : A A C om parative Ana ly sis of D om estic and Overseas L isting C ircum stances for Ch inese Com pan ies FENG Li, ZHANG M ing- q i n (School of Economics, H ebei Un iversity, Baod in 07 1002, China) A bstract: In recen t ye rs Ch inese econom y h s grown very r pid ly. H ow ever, the we k dom estic securities m rket m kes it r ther d ifficu lt for Ch inese enterprises get overse s listing in the process of fin ne intern liz tion. W hy do so m ny dom estic comp n ies get listed overse s desp ite of high cost? Through thorough com p r tive n lys is of dom estic nd overse s listing circumst nces, th is p per points out the m ech nism we kness of domestic c p it lm rket nd puts forw rd the corresponding solutions. K ey w ords: com p nies listing; com p niesoverse s listing; listing circum st nce; , c pit lm rket , , , 2 000 A 2000 , , , 2003, 2004 ADR , 2004, , , , , , 2004 , , ? , , , , () , , 1700 () , 99% , 2004 5,