本文關(guān)鍵詞：引入境外投資者對上市公司影響的研究　出處：《西安電子科技大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 境外投資者 現(xiàn)代企業(yè)公司治理 治理績效 信息披露

【摘要】：隨著經(jīng)濟(jì)全球化以及我國資本市場開放程度的不斷提高，外國資本越來越深入地參與到我國資本市場，上市公司如何有效引入境外投資者成為了我國企業(yè)和政府共同關(guān)注的課題引入外資制度的不斷完善，對于保障我國資本市場和社會經(jīng)濟(jì)的穩(wěn)健有序發(fā)展有著十分重要的現(xiàn)實(shí)意義國外投資者的加入，將給我國上市公司的股權(quán)結(jié)構(gòu)戰(zhàn)略目標(biāo)財(cái)務(wù)績效公司文化等多方面帶來變化但是，由于我國的公司治理制度和監(jiān)管體系尚不夠完善，難以有效判斷外資持股對上市企業(yè)的公司治理和績效是否有利因此，論文以我國上市公司為研究對象，針對外資持股對我國上市公司的治理結(jié)構(gòu)和治理績效影響進(jìn)行了研究 論文以現(xiàn)代公司治理理論利益相關(guān)者理論等為基礎(chǔ)，運(yùn)用我國有外資持股的上市公司數(shù)據(jù)，從外資持股對我國上市公司治理結(jié)構(gòu)的影響入手，進(jìn)行理論分析和實(shí)證研究探究外資持股對治理結(jié)構(gòu)和治理績效的影響，驗(yàn)證其在改善我國上市公司信息披露不完全現(xiàn)狀中的積極作用 論文的主要工作和創(chuàng)新性主要體現(xiàn)一下幾點(diǎn)：第一，我國現(xiàn)有文獻(xiàn)對于引入境外投資者的研究主要從理論的角度，而且大多是對金融業(yè)或者國有企業(yè)等特殊的樣本進(jìn)行研究本文以我國上市公司的角度，，從股權(quán)結(jié)構(gòu)董事會監(jiān)事會等層面對境外投資者對各行業(yè)進(jìn)行實(shí)證研究第二，論文通過對引入境外投資者的上市公司企業(yè)結(jié)構(gòu)治理的分析進(jìn)一步探究對企業(yè)績效的影響，對我國引入外資的相關(guān)政策提出建議第三，我國關(guān)于外資持股對上市公司信息披露水平是否有作用的探索比較少，論文試圖從上市公司信息披露效果角度分析引入外資作用的效果 我國引入外資的目的是利用境外資本改善我國上市公司的治理結(jié)構(gòu)和信息披露水平，從而提高企業(yè)的經(jīng)營績效本次研究結(jié)果表明，我國現(xiàn)有的境外投資者對于上市公司的董事會規(guī)模兩職合一等公司治理結(jié)構(gòu)有改變，也會積極作用于上市公司的信息披露質(zhì)量，但對于財(cái)務(wù)績效沒有顯著的正面效益論文為股權(quán)多元化進(jìn)程中，國內(nèi)上市公司針對外資股東的選擇以及國外投資者在中國的投資對象與投資規(guī)模提供決策依據(jù)；同時(shí)，為監(jiān)管部門制定我國上市公司如何利用外資的相關(guān)政策提供參考
[Abstract]:With the economic globalization and the increasing degree of opening of China's capital market, foreign capital is more and more deeply involved in China's capital market, listed companies how to effectively introduce foreign investors has become the common concern of China's introduction of foreign system of enterprises and government subject and constantly improve, for the protection of China's capital market and the economic and social stability with the orderly development of foreign investors is of great practical significance, will bring about changes in the financial performance of the equity structure of the company strategic target culture and other aspects to the listed companies in China but because of China's corporate governance system and supervision system is not perfect, it is difficult to effectively determine whether to foreign ownership, thus favorable corporate governance of listed companies and the performance, the listed companies in China as the research object, in view of foreign ownership on governance structure and governance of Listed Companies in China Research on the impact of performance
Based on the interest of modern corporate governance theory related theory, using the data of Listed Companies in China of foreign ownership, starting from foreign ownership influence on the governance structure of Listed Companies in China, theoretical analysis and empirical research on foreign ownership influence on governance structure and governance performance, verify its positive role in improving our country the information disclosure of listed companies is not completely in the current situation
The main work and innovation mainly embodies the following points: first, China's existing literatures on the introduction of foreign investors, mainly from the perspective of theory, but mostly on the financial sector or state-owned enterprises such as the special sample for the study based on the listed companies in China from the perspective of ownership structure, board of Directors Board of supervisors and other overseas an empirical study of second investors of various industries face layer, through the analysis of the governance of listed companies on the introduction of foreign investors to further explore the impact on corporate performance, policies related to the introduction of foreign investment in China's third recommendations, explore about whether foreign ownership has an effect on the level of information disclosure of Listed Companies in China is relatively small this paper attempts to analyze the effect, the effect of the introduction of foreign information disclosure of listed companies
The introduction of foreign investment in China is to improve the level of corporate governance and information disclosure of Listed Companies in China's use of foreign capital, to improve the business performance and the results of this study show that China's current foreign investors to the listed company board size two level one, corporate governance structure has changed, the quality will be positive acting on the information disclosure of listed companies, but not for the positive benefits of significant financial performance for the equity diversification process, domestic listed companies to foreign shareholders as well as the choice of foreign investors to invest in Chinese to provide the basis for decision-making and investment; at the same time, to provide reference for how to use the foreign policy supervision department to make Chinese listed company

【學(xué)位授予單位】：西安電子科技大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2014
【分類號】：F832.51;F271;F832.6

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