毕业设计（论文）-我国上市公司并购融资问题研究精选.doc

我国上市公司并购融资问题研究 中文摘要 英文摘要 序言 问题的提出 融资在并购中的重要作用 国际并购融资理论及经验借鉴 1.1. 国际并购融资理论简介 1.2. 国际并购融资的经验回顾 1.3. 国际并购融资的经验总结 国际并购融资的类型及比较分析 2.1. 债务性融资 2.2. 权益性融资 2.3. 混合式融资 2.4. 不同形式的并购融资比较分析 我国上市公司并购融资存在的问题和原因 3.1. 债务性融资存在问题分析及原因 3.2. 权益性融资存在问题分析及原因 3.3. 混合性融资存在问题分析及原因 3.4. 我国上市公司并购融资的逆向选择性问题 4. 解决我国上市并购融资问题的途径 4.1．建立完善的多层次的并购融资资本市场体系 4.2．建立完善并购融资法律制度体系 4.3．综合证券收购方式 摘要 公司并购作为我国经济中的一个重要现象，在促进企业制度创新、引导资源优化配置和产业结构战略调整方面起着越来越重要的作用。从我国公司并购的发展看，长期以来，并购的资金来源问题制约大规模战略性并购的主要瓶颈之一。与国外相比，目前我国公司并购的融资渠道不通畅，融资工具的品种相对单一。在以前那种以行政划拨和协议转让为主要方式的财务性并购中，并购融资问题并不随着我国公司从财务性并购向战略性实质并购转变的纵深发展，解决并购融资问题借鉴国际成功经验，丰富我国并购融资工具品种以开辟并购融资渠道显得日益重要 研究该论题的意义在于通过对国内外公司并购不同融资方式、不同融资工具的分析比较，结合我国国情，探索在我国上市公司并购融资过程中，应如何建立适合我国国情的公司并购融资资本市场及相应的并购融资法律制度。 Abstract Merger and Acquisition (MA),the very significant economy phenomena, is playing more and more important role in innovating company governance, improving the distribution of the resources and adjusting the industry structure of our country. From the history development of MA in our country and in the long run, shortage of means of fund raising has been the obstacles of carrying out large-scale strategic MA. Compared with that in foreign countries, ways of financing in our country is filled with obstacles and financing tools are very limited at present. The above mentioned situation did not effect very much such ways of financial MAs as Debt-committed, Administrative Transfer or Transfer by Agreements in the past, however, with the further development of MA in our country from the past financial MA to the strategic MA, to solve the problem of MA financing, learn the successful experiences from foreign countries, enrich MA financial tools and diversify ways of MA financing appear more and more urgent. It is a very complicated and systematic project to solve the above mentioned problems and cannot be resolved simply by adopting all the foreign-ever-used financial tools. We should not only develop our multilevel capital market system but also remove all the obstacles of l