本文選題：上市公司 + 關聯交易�。� 參考：《河南大學》2012年碩士論文

【摘要】：眾所周知，我國第一批上市公司的出現，被賦予建立和完善市場經濟的使命，大多數是由國有企業(yè)改制上市而成。在這個制度變遷的過程中，中國上市公司股權結構呈現一種失衡狀態(tài)，主要表現為股權高度集中，國有股一股獨大。在這樣的股權結構下，控股股東對上市公司有著重大影響，中小股東缺乏對控股股東的監(jiān)督和制約�？毓晒蓶|能夠通過非公平關聯交易操縱利潤，掏空上市公司。這不僅直接損害了中小股東的利益，損害了上市公司的利益，同時也扭曲了財務信息，誤導了投資者的判斷，從而破壞了資本市場秩序，削弱了市場在資源配置中的基礎性作用。 在這樣的背景下，如何有效控制我國上市公司非公平關聯交易的頻繁發(fā)生，就顯得頗為必要，這個問題也是本文研究的重點。本文在描述我國上市公司非公平關聯交易現狀及特征的基礎上，著重分析了上市公司股權結構與非公平關聯交易的關系，提出了三個假設，，分別為：非公平關聯交易金額與控股股東數量呈負相關；非公平關聯交易發(fā)生頻率與第一大股東持股比例正相關；當公司存在一個以上的控股股東時候，控股股東持股比例越接近，非公平關聯交易發(fā)生金額越低。通過實證檢驗，確認了假設的合理性。除此之外，本文還運用了規(guī)范研究的方法分析了內部控制制度與非公平關聯交易之間關系。 本文在綜合運用了規(guī)范和實證兩種方法進行分析的基礎之上，針對我國上市公司非公平關聯交易的現象提出了建議，包括股權分置改革，完善內部控制，合理確定關聯交易轉讓定價以及加強監(jiān)管等措施。其中，通過股權分置改革和完善內部控制是本文的重點，也是一個創(chuàng)新點，以前關于我國上市公司非公平關聯交易現象的研究，大多數研究成果主要圍繞在如何加強監(jiān)管這一領域，本文則通過論證提出繼續(xù)深化股權結構改革這一建議。如果不從股權結構改革著手，完善上市公司內部控制制度，僅僅依靠完善相關法律法規(guī)，加強監(jiān)管，很難從根本上解決我國上市公司非公平關聯交易的現象。
[Abstract]:As we all know, the emergence of the first batch of listed companies in our country has been entrusted with the mission of establishing and perfecting the market economy, most of which are formed by the reform and listing of state-owned enterprises. In the process of institutional change, the ownership structure of Chinese listed companies presents a state of imbalance, which mainly shows that the ownership is highly concentrated and the state-owned shares are dominant. Under this kind of ownership structure, the controlling shareholder has great influence on the listed company, and the minority shareholder lacks the supervision and restriction to the controlling shareholder. Controlling shareholders can manipulate profits through unfair related party transactions, hollowing out listed companies. This not only directly damages the interests of minority shareholders and listed companies, but also distorts financial information and misleads the judgment of investors, thus undermining the order of the capital market. Weakened the market in the allocation of resources in the basic role. In this context, how to effectively control the frequent occurrence of unfair related party transactions of listed companies in China is quite necessary, and this issue is also the focus of this paper. On the basis of describing the current situation and characteristics of unfair related party transactions of listed companies in China, this paper focuses on the analysis of the relationship between the equity structure of listed companies and non-fair related party transactions, and puts forward three hypotheses. They are as follows: the amount of unfair related party transactions is negatively correlated with the number of controlling shareholders; the frequency of unfair related party transactions is positively related to the proportion of the largest shareholders; when the company has more than one controlling shareholder, The proportion of controlling shareholders is close, the amount of unfair related party transactions is lower. Through the empirical test, confirmed the rationality of the hypothesis. In addition, this paper also analyzes the relationship between internal control system and unfair related party transactions by the method of normative research. On the basis of synthetically applying normative and empirical methods to analyze the phenomenon of unfair related party transactions of listed companies in China, this paper puts forward some suggestions, including the reform of split share structure and the improvement of internal control. Reasonably determine the transfer pricing of related party transactions and strengthen supervision and other measures. Among them, through the reform of split share structure and the improvement of internal control is the focus of this paper, but also an innovation point, the previous research on the phenomenon of unfair related party transactions of listed companies in China, Most of the research results mainly focus on how to strengthen the supervision of this field, and this paper puts forward the suggestion of deepening the reform of ownership structure through demonstration. If we do not start from the reform of equity structure, perfect the internal control system of listed companies, only rely on the improvement of relevant laws and regulations, strengthen supervision, it is difficult to fundamentally solve the phenomenon of unfair related party transactions of listed companies in our country.
【學位授予單位】：河南大學
【學位級別】：碩士
【學位授予年份】：2012
【分類號】：F832.51;F224

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本文編號：1876576