本文關(guān)鍵詞：南京醫(yī)藥定向增發(fā)引入境外戰(zhàn)略投資者的案例研究　出處：《沈陽工業(yè)大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

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【摘要】：隨著我國改革開放與經(jīng)濟(jì)全球化的逐漸深化,越來越多的外國企業(yè)進(jìn)入中國市場,對我國企業(yè)進(jìn)行投資并取得合作,境外戰(zhàn)略投資者逐漸成為一種風(fēng)潮。起初,境外戰(zhàn)略投資者大多對我國的銀行進(jìn)行投資,但我國資本市場日漸完善,境外企業(yè)的投資與合作開始擴(kuò)展到各個行業(yè)。引入境外戰(zhàn)略投資者可以幫助企業(yè)完善公司的治理結(jié)構(gòu)、強(qiáng)化經(jīng)營約束機(jī)制、提高技術(shù)開發(fā)能力、提升企業(yè)形象及公司業(yè)績等,因此我國對正確適當(dāng)?shù)囊刖惩鈶?zhàn)略投資者是鼓勵與支持的。采用何種方式引入境外戰(zhàn)略投資者是值得企業(yè)關(guān)注的,在我國實施股權(quán)改革后,定向增發(fā)由于發(fā)行成本較低、發(fā)行流程較為簡便、準(zhǔn)入門檻偏低等優(yōu)勢,贏得我國上市企業(yè)的普遍認(rèn)可,并且已成為我國資本市場上最主要的股權(quán)融資模式。由于企業(yè)定向增發(fā)的對象中包含著境外戰(zhàn)略投資者,所以我國上市公司選擇以定向增發(fā)方式引入境外戰(zhàn)略投資者的行為不斷增加,問題也接踵而至。因此,關(guān)于企業(yè)運(yùn)用定向增發(fā)模式引入境外戰(zhàn)略投資者方面的研究也逐漸增多。本文對有關(guān)于定向增發(fā)以及引入境外戰(zhàn)略投資的文獻(xiàn)進(jìn)行梳理與研究,在闡述定向增發(fā)與境外戰(zhàn)略投資者的相關(guān)概念與理論的基礎(chǔ)之上,對南京醫(yī)藥通過定向增發(fā)方式引入境外戰(zhàn)略投資者的案例進(jìn)行深入全面的分析。在對南京醫(yī)藥定向增發(fā)引入境外戰(zhàn)略投資者的分析中,首先介紹了南京醫(yī)藥與戰(zhàn)略投資者的基本情況、此次定向增發(fā)的背景及流程,隨后重點(diǎn)分析了南京醫(yī)藥定向增發(fā)引入境外戰(zhàn)略投資者的動機(jī)、對境外戰(zhàn)略投資者的選擇、公司選擇定向增發(fā)方式引入境外戰(zhàn)略投資者的原因以及南京醫(yī)藥定向增發(fā)引入境外戰(zhàn)略投資者給公司在治理、業(yè)務(wù)、財務(wù)、籌資投資及二級市場方面帶來的影響來檢驗此次定向增發(fā)引入境外戰(zhàn)略投資者的效果。最終得出關(guān)于此案例的啟示與思考,為我國非銀行金融企業(yè)定向增發(fā)引入境外戰(zhàn)略投資者提供一定的借鑒。
[Abstract]:With the gradual deepening of reform and opening-up and economic globalization in our country, more and more foreign enterprises to enter the Chinese market, invest in enterprises of our country and achieve cooperation, foreign strategic investors has gradually become a trend. At first, most foreign strategic investors to invest in China's banks, but China's capital market gradually improved, investment and cooperation for overseas enterprises began to expand to various industries. The introduction of foreign strategic investors can help enterprises to improve the corporate governance structure, strengthen the management mechanism, improve the ability of technical development, enhance corporate image and corporate performance, therefore our country to properly introduce foreign strategic investors is to encourage and support. By means of introducing overseas strategic investors is worthy of attention of enterprises, the implementation of equity reform in China after the issuance of private placement due to low cost, the issuance process is relatively simple Then, the access threshold is low advantage, won general recognition of China's listed companies, equity financing mode and has become China's capital market, the main object of the enterprise. Because the private placement contains foreign strategic investors, so the choice of Listed Companies in China in the way of private placement to introduce foreign strategic investors behavior increasing there are problems. Therefore, research on the enterprise uses the placement mode of introduction of foreign strategic investors has also gradually increased. In this paper, a private placement, the introduction of foreign strategic investment literature to sort out and study, based on the related concepts and directional issuance of foreign strategic investors and theory, in-depth analysis the Nanjing medicine by way of private placement to the introduction of foreign strategic investors in the case of Nanjing medicine. Introduction of private placement environment Analysis of foreign strategic investors, first introduced the basic situation of Nanjing pharmaceutical and strategic investors, the placement of the background and process, then analyzes the Nanjing medicine placement of introduction of foreign strategic investors in the motivation of foreign strategic investors, the reason companies choose private placement to introduce foreign strategic investors and financial Nanjing medicine placement of the introduction of foreign strategic investors to the company in the management, business, investment and financing, impact of two class market to test the placement of the introduction of foreign strategic investors. Finally draw inspiration and thinking about this case, non bank financial firms for private placement in China to introduce foreign strategic investors to provide a reference.

【學(xué)位授予單位】：沈陽工業(yè)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號】：F832.51;F426.72

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