本文關(guān)鍵詞：廣匯汽車借殼上市的動(dòng)因及財(cái)務(wù)績(jī)效研究　出處：《廣東外語(yǔ)外貿(mào)大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

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【摘要】：近年來,我國(guó)汽車流通行業(yè)發(fā)展迅猛。在國(guó)家政策的驅(qū)動(dòng)下,汽車流通企業(yè)紛紛響應(yīng)號(hào)召做大做強(qiáng)。與此同時(shí),汽車流通企業(yè)也面臨著各種發(fā)展難題,其背后的原因主要?dú)w結(jié)于資金的短缺,融資難成為民營(yíng)企業(yè)發(fā)展壯大的阻礙,而上市則成為了不二之選。我國(guó)企業(yè)上市途徑主要有兩種:IPO上市和借殼上市。雖然目前證監(jiān)會(huì)已經(jīng)將借殼上市的標(biāo)準(zhǔn)由趨近IPO更改為等同于IPO標(biāo)準(zhǔn),使借殼上市的門檻提升了很多,但實(shí)際上借殼上市通過率仍高于IPO上市,因此市場(chǎng)對(duì)此熱度仍然不減,反而有增加的趨勢(shì)。企業(yè)通過借殼上市融資,而募集資金的使用則與公司的財(cái)務(wù)績(jī)效有著密不可分的聯(lián)系。因此對(duì)借殼上市財(cái)務(wù)績(jī)效的研究具有研究?jī)r(jià)值。本文探討了廣匯汽車借殼上市的動(dòng)因并評(píng)價(jià)其財(cái)務(wù)績(jī)效,分析其財(cái)務(wù)績(jī)效變化的原因。廣匯汽車服務(wù)股份公司是汽車流通行業(yè)的領(lǐng)先者,其成功實(shí)現(xiàn)借殼上市具有一定的代表性。因此,文章選取了廣匯汽車借殼美羅藥業(yè)上市的案例進(jìn)行研究。研究的重點(diǎn)是分析廣匯汽車借殼上市的動(dòng)因以及借殼上市前、中、后的財(cái)務(wù)績(jī)效。本文首先對(duì)國(guó)內(nèi)外相關(guān)文獻(xiàn)進(jìn)行綜述,進(jìn)而分析了廣匯汽車借殼上市的動(dòng)因,接著運(yùn)用會(huì)計(jì)指標(biāo)研究法對(duì)財(cái)務(wù)績(jī)效進(jìn)行了詳細(xì)分析。本文得出以下結(jié)論:廣匯汽車在國(guó)家大力要求汽車流通企業(yè)做大做強(qiáng)的大背景下急需發(fā)展,在IPO受阻的情況下,借殼上市成為進(jìn)軍資本市場(chǎng)的最佳選擇;借殼上市的成功實(shí)現(xiàn)了廣匯汽車借殼動(dòng)因;借殼上市對(duì)廣匯汽車的財(cái)務(wù)績(jī)效產(chǎn)生了正效應(yīng)。最后本文提出了廣匯汽車成功借殼上市并促進(jìn)公司可持續(xù)發(fā)展的啟示與建議:第一是尋找合適的殼資源;第二是通過借殼上市這一融資手段合理進(jìn)行后續(xù)資源整合;第三是發(fā)力新能源汽車銷售。
[Abstract]:In recent years, the automobile circulation industry in China has developed rapidly. Driven by national policies, automobile circulation enterprises have responded to the call to become bigger and stronger. At the same time, automobile circulation enterprises are also facing various development problems. The reasons behind it are mainly due to the shortage of funds, and the difficulty of financing has become a hindrance to the development and growth of private enterprises. There are two main ways for Chinese enterprises to go public:. IPO listing and backdoor listing. Although at present the CSRC has changed the standard of backdoor listing from approaching IPO to equivalent to IPO standard. The threshold of backdoor listing has been raised a lot, but in fact, the pass rate of backdoor listing is still higher than that of IPO listing, so the heat of the market is still not decreasing, on the contrary, there is an increasing trend. The use of raised funds is closely related to the financial performance of the company. Therefore, the research on the financial performance of backdoor listing is of great value. This paper discusses the motivation of Guanghui Automobile backdoor listing and evaluates its finance. Performance. Analysis of the reasons for its financial performance changes. Guanghui Automotive Services Co., Ltd. is the leading automobile circulation industry, its successful realization of backdoor listing has a certain representative. This paper selects the case of Guanghui Automobile backdoor Merlot Co., Ltd. The focus of the study is to analyze the motivation of Guanghui Automobile backdoor listing and before the backdoor listing. First of all, this paper summarizes the relevant literature at home and abroad, and then analyzes the motivation of Guanghui Automobile backdoor listing. Then we use the accounting index research method to analyze the financial performance in detail. This paper draws the following conclusions: Guanghui Automobile is in urgent need of development under the background that the country strongly requests the automobile circulation enterprises to become bigger and stronger. When IPO is blocked, backdoor listing becomes the best choice to enter the capital market. The success of backdoor listing has realized the motivation of Guanghui auto shell borrowing; Backdoor listing has a positive effect on the financial performance of Guanghui Automobile. Finally, this paper puts forward the enlightenment and suggestions on the successful backdoor listing of Guanghui Automobile and promoting the sustainable development of the company: first, to find suitable shell resources; The second is through the backdoor listing of the financing means of reasonable follow-up resource integration; The third is to develop new energy car sales.
【學(xué)位授予單位】：廣東外語(yǔ)外貿(mào)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F426.471;F832.51;F406.7

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