摘要
创业利润是与股份公司和股票发行相伴随的一个经济范畴,它的实质是发起股东或先进入公司的股东与后投资入股的股东之间因持股成本差异而产生的利益平衡问题。创业利润由发起股东或"先入股东"的企业价值与企业净资产之间的差额构成,这个差额的大小取决于企业净资产收益率与货币资本基准收益率的比值。创业利润必然表现为新入伙股东的每股出资多于原有股份的每股净资产。因此,创业利润问题的研究必然导致对股票发行价及两类股东利益关系的分析评价。
The essence of initial profit, an economic category accompanying stock company and stock issue, is a matter of interest balance between initial stockholders and the later investment stockholders. Because of the composition and the form of initial profit, the study of it inevitably leads to the analysis evaluation of stock issue price and two kinds of stockholder interest relations.
出处
《广东商学院学报》
2005年第2期22-25,共4页
Journal of Guangdong University of Business Studies
关键词
创业利润
股份公司
两类股东利益关系
initial profit
stock company
two kinds of stockholder interest relations