上市公司股权结构与再融资行为研究

The Study on Listed Companies' Corporate Structure and Refinancing Behavior

以2000-2002年末进行增配股的上市公司为样本,用实证的方法分析股权结构与股权融资方式的关系,以及融资前后股权结构的变化。结果显示选择配股的上市公司流通股占总股本比例明显高于选择增发的上市公司流通股所占比例,并且配股和增发新股能够直接导致上市公司股权结构的变动,使上市公司股权结构进一步优化。

By sampling the listed companies that had ration shares during the years of 2000-2002, the paper analyzes the relationship between corporate structure and finacing methods, and also the changes of that structure before and after financing. It finds that the percent of circulating share of listed companies choosing ration shares is higher than that of those which choose issuing additional new share in total share, both of which account for the change and further optimizing of corporate structure.