本文關(guān)鍵詞： 定向增發(fā) 利益輸送 折價(jià)發(fā)行 信息披露　出處：《赤峰學(xué)院學(xué)報(bào)(自然科學(xué)版)》2016年24期 　論文類型：期刊論文

【摘要】：股權(quán)分置改革一直是困擾中國(guó)證券市場(chǎng)運(yùn)行的一項(xiàng)重要制度因素,因?yàn)槎ㄏ蛟霭l(fā)這項(xiàng)制度的操作流程比較簡(jiǎn)單、進(jìn)入的門檻比較低,同時(shí)還節(jié)省了大筆的發(fā)行費(fèi)用,獲得了經(jīng)濟(jì)市場(chǎng)的廣泛認(rèn)可.但是,定向增發(fā)制度在我國(guó)的資本市場(chǎng)中卻出現(xiàn)了很多利益輸送的現(xiàn)象.本文以東方精工為例,分別對(duì)發(fā)行時(shí)機(jī)、信息披露和盈余管理與發(fā)行定價(jià)的關(guān)系進(jìn)行研究,分析探討了上市公司如何在定向增發(fā)過(guò)程中進(jìn)行利益輸送.
[Abstract]:The split share structure reform has always been an important institutional factor troubling the operation of China's securities market, because the operation process of this system is relatively simple, the threshold for entry is relatively low, and the issuance costs are also saved. It has been widely recognized by the economic market. However, there are a lot of phenomena of profit transmission in the capital market of our country. This paper takes Oriental Seiko as an example to analyze the timing of issuance respectively. This paper studies the relationship between information disclosure, earnings management and issue pricing, and analyzes and discusses how the listed companies carry out profit transmission in the process of directional additional issuance.
【作者單位】： 安徽財(cái)經(jīng)大學(xué)會(huì)計(jì)學(xué)院;
【基金】：安徽財(cái)經(jīng)大學(xué)國(guó)家社會(huì)科學(xué)基金一般項(xiàng)目:“機(jī)會(huì)主義擇時(shí)與股權(quán)激勵(lì)有效性研究”(13BJY013)
【分類號(hào)】：F275.5;F426.474

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本文編號(hào)：1544820