本文選題：上汽集團 + 整體上市��； 參考：《湘潭大學》2017年碩士論文

【摘要】：隨著分拆上市暴露出的種種弊端,以及我國整體上市成功案例的普及,整體上市方案越來越受到擬上市企業(yè)的青睞。通過整體上市,企業(yè)可以減少相互間的關聯(lián)交易,避免同行業(yè)競爭,增強企業(yè)的行業(yè)競爭力,從而提高企業(yè)績效。因此,整體上市,它作為帶有中國特色的上市模式,對我國上市公司質量的提高,證券市場的健康有序發(fā)展,有著至關重要的意義。但是,對于整體上市是否能夠改善企業(yè)長期績效的問題,研究學者們各抒己見,還未有統(tǒng)一的定論。隨著當今國民經濟的發(fā)展與壯大,汽車制造業(yè)逐漸成為我國制造業(yè)中的支柱產業(yè),并對我國經濟發(fā)展和社會進步產生深遠的影響。上汽集團,作為我國汽車制造行業(yè)的先列,四大汽車集團之首,擁有多家合資品牌,吸收各國先進技術,企業(yè)底蘊深厚。因此,對它進行分析研究,會給我國汽車制造業(yè)的發(fā)展帶來重要的借鑒作用,并為整體上市的企業(yè)給予了積極的理論指導和實踐借鑒。本文以上汽集團為研究樣本,首先介紹了上汽集團整體上市的背景和動因,對上汽集團為實施整體上市所進行的具體步驟進行梳理。而后運用定性、定量、比較分析相結合的方法,先縱向分析上汽集團整體上市前后各財務數據的變動,其中采取單一分析企業(yè)的償債、營運、盈利等各財務指標再綜合分析影響企業(yè)績效的決定性因素;最后將整體上市后的上汽集團與我國其他汽車集團進行橫向比較。依據分析,歸納并總結出上汽集團整體上市績效研究的相關結論:整體上市對企業(yè)的財務指標影響顯著,短期內促進了企業(yè)的績效;整體上市對部分非財務指標有影響;橫向比較中,整體上市對績效的影響不顯著。最后,根據本文已有的分析和結論,為我國想要利用整體上市這一契機提高績效水平的企業(yè)提供幾點政策性建議:對整體上市方案進行事前評估;加強對并入資產調控,防范整體上市所帶來的風險;注重整體上市后企業(yè)的內部管理、資本運營等方面的加強。
[Abstract]:With the malpractice exposed by the split listing and the popularization of the successful cases of the whole listing in our country, the scheme of the whole listing is more and more favored by the enterprises to be listed. Through the whole listing, the enterprises can reduce the related transactions, avoid competition with the same industry, enhance the competitiveness of the industry, and improve the performance of the enterprises. Therefore, the overall listing, as a listing mode with Chinese characteristics, is of great significance to the improvement of the quality of listed companies and the healthy and orderly development of the securities market. However, whether the overall listing can improve the long-term performance of enterprises, scholars have expressed their views, there is no unified conclusion. With the development and expansion of the national economy, the automobile manufacturing industry has gradually become the pillar industry in our manufacturing industry, and has a profound impact on the economic development and social progress of our country. SAIC Group, as the first in China's automobile manufacturing industry, is the first of the four major automotive groups, with many joint ventures, absorbing advanced technology from various countries, and deep corporate heritage. Therefore, the analysis and study of it will bring an important reference to the development of China's automobile manufacturing industry, and provide positive theoretical guidance and practical reference for the listed enterprises as a whole. Taking SAIC Group as the research sample, this paper firstly introduces the background and motivation of the whole listing of SAIC Group, and combs the concrete steps of SAIC Group to implement the whole listing. Then using the method of qualitative, quantitative and comparative analysis, we analyze the changes of financial data before and after the whole listing of SAIC Group. Among them, we adopt a single analysis of the debt service and operation of the enterprise. Finally, this paper makes a horizontal comparison between SAIC and other automobile groups after the overall listing. Based on the analysis, the relevant conclusions of the research on the overall listing performance of SAIC Group are summarized: the overall listing has a significant impact on the financial indicators of the enterprise, and promotes the performance of the enterprise in the short term, and the overall listing has an impact on some non-financial indicators. In horizontal comparison, the impact of overall listing on performance is not significant. Finally, according to the analysis and conclusion of this paper, it provides some policy suggestions for the enterprises that want to take advantage of the opportunity of overall listing to improve their performance: to evaluate the overall listing plan in advance; to strengthen the regulation and control of the incorporation of assets. To guard against the risks brought by the whole listing and to pay attention to the internal management and capital operation of the enterprises after the whole listing.
【學位授予單位】：湘潭大學
【學位級別】：碩士
【學位授予年份】：2017
【分類號】：F426.471;F406.7

【參考文獻】

相關期刊論文 前10條

1 孟雪瑩;蔡釗艷;宋希亮;;我國上市公司整體上市長期財富效應研究[J];財務與會計;2016年08期

2 俞軍;魏朱寶;曹中紅;王書珍;;上市公司定向增發(fā)運作模式探析[J];會計之友;2016年04期

3 劉亭立;李景輝;石倩倩;;整體上市的財富效應與戰(zhàn)略績效研究——基于華僑城的案例分析[J];財務與會計;2015年20期

4 佟巖;華晨;宋吉文;;定向增發(fā)整體上市、機構投資者與短期市場反應[J];會計研究;2015年10期

5 祝晶;;對我國定向增發(fā)反向收購母公司整體上市模式的研究[J];商業(yè)會計;2015年16期

6 紀成君;李娜;李慶;;國有企業(yè)整體上市長期績效研究[J];商業(yè)研究;2014年09期

7 李甘霖;;央企整體上市和分拆上市比較分析[J];經營管理者;2014年01期

8 肖萬;宋光輝;;定向增發(fā)與其整體上市:宣告效應、長期績效的比較研究[J];河南大學學報(社會科學版);2013年05期

9 尹筑嘉;楊曉光;黃建歡;;大股東主導的資產重組、公司效率與利益侵占——基于中國重組類整體上市案例的研究[J];管理科學學報;2013年08期

10 王詩夢;寧宇新;;企業(yè)整體上市定向增發(fā)新股模式研究述評[J];財會通訊;2013年06期

，

本文編號：2054116