【摘要】：隨著我國經(jīng)濟(jì)體制的不斷推進(jìn)與資本市場(chǎng)改革的不斷深入,提高上市公司質(zhì)量、強(qiáng)化上市公司競(jìng)爭(zhēng)優(yōu)勢(shì)、有效提高上市公司融資效率,正成為我國資本市場(chǎng)當(dāng)前所面臨的重要任務(wù)。深入研究上市公司的配股等再融資問題,考察上市公司配股融資效率及其對(duì)公司財(cái)務(wù)與未來發(fā)展的影響,對(duì)于促進(jìn)上市公司快速發(fā)展、逐步完善資本市場(chǎng)具有重要的現(xiàn)實(shí)意義。本文擬通過中國衛(wèi)星配股再融資案例研究,深入分析上市公司配股對(duì)公司財(cái)務(wù)活動(dòng)及其財(cái)務(wù)狀況的影響,為航天行業(yè)上市公司配股再融資理論與實(shí)踐提供參考。本文通過運(yùn)用主成分分析法、事件法等研究方法,以中國衛(wèi)星2013年配股再融資案例為研究對(duì)象,深入分析了中國衛(wèi)星配股再融資對(duì)公司財(cái)務(wù)活動(dòng)、公司經(jīng)營績效、公司治理結(jié)構(gòu)等方面的影響,以及配股事件的市場(chǎng)反應(yīng)等問題。本文主要分為五個(gè)部分:第一部分緒論。主要介紹研究的背景及意義等內(nèi)容;第二部分基礎(chǔ)理論及文獻(xiàn)綜述。主要闡述配股再融資的相關(guān)理論及國內(nèi)外研究現(xiàn)狀;第三部分中國衛(wèi)星配股再融資案例簡(jiǎn)介與動(dòng)因分析。主要介紹中國衛(wèi)星配股再融資案例情況,并分析配股再融資動(dòng)因;第四部分中國衛(wèi)星配股再融資對(duì)公司財(cái)務(wù)影響分析。深入分析中國衛(wèi)星配股再融資對(duì)公司財(cái)務(wù)活動(dòng)等方面影響及配股事件市場(chǎng)反應(yīng);第五部分結(jié)論與建議。總結(jié)研究結(jié)論并提出建議。通過上述研究,本文得出以下結(jié)論:(一)中國衛(wèi)星配股再融資對(duì)公司財(cái)務(wù)活動(dòng)具有顯著的正向積極影響;(二)中國衛(wèi)星配股再融資對(duì)公司經(jīng)營績效提升的作用顯著;(三)中國衛(wèi)星配股再融資事件的市場(chǎng)反應(yīng)良好,得到了資本市場(chǎng)投資者的認(rèn)可。
[Abstract]:With the continuous promotion of China's economic system and the deepening of capital market reform, it is becoming an important task for China's capital market to improve the quality of listed companies, strengthen the competitive advantages of listed companies, and effectively improve the financing efficiency of listed companies. It is of great practical significance to deeply study the refinancing problems such as the rights issue of listed companies, and to investigate the efficiency of allotment financing of listed companies and its influence on the financial and future development of listed companies, which is of great practical significance for promoting the rapid development of listed companies and gradually perfecting the capital market. Through the case study of satellite allotment refinancing in China, this paper deeply analyzes the influence of the rights issue of listed companies on the financial activities and financial situation of listed companies, and provides a reference for the theory and practice of refinancing of listed companies in aerospace industry. By using principal component analysis and event method, this paper takes the case of Chinese satellite rights issue refinancing in 2013 as the research object, and deeply analyzes the influence of Chinese satellite rights issue refinancing on corporate financial activities, corporate operating performance, corporate governance structure, and the market response of rights issue events. This paper is divided into five parts: the first part is the introduction. Mainly introduces the background and significance of the study; the second part of the basic theory and literature review. This paper mainly expounds the related theory of refinancing of allotment rights and the research status at home and abroad. The third part is a brief introduction and motivation analysis of the case of refinancing of satellite rights issue in China. This paper mainly introduces the case of refinancing of satellite rights issue in China, and analyzes the motivation of refinancing of satellite rights issue. The fourth part is the analysis of the financial impact of China satellite rights issue refinancing on the company. This paper deeply analyzes the influence of Chinese satellite rights issue refinancing on the financial activities of the company and the market response of the allotment event. The fifth part is the conclusion and suggestion. Summarize the research conclusions and put forward some suggestions. Through the above research, this paper draws the following conclusions: (1) the refinancing of satellite rights issue in China has a significant positive impact on the financial activities of the company; (2) the refinancing of satellite rights issue in China plays a significant role in improving the operating performance of the company; (3) the market response of the refinancing event of satellite rights issue in China is good and has been recognized by investors in the capital market.
【學(xué)位授予單位】：深圳大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F426.5;F406.7

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