对上市公司“以股抵债”行为的思考

Reflection on Listed Company' Action-Paying a Debt by Stock

在我国,股东特别是国有大股东无偿占用企业资金是一个历史难题,“以股抵债”就是解决这一问题的思路之一。基于此,本文对“以股抵债”模式隐含的体制、制度、操作等层面的问题进行了深刻分析,为处理、解决类似问题提供决策参考。

In our country, it＇s a historical problem that some shareholders, particularly shareholders of the state-owned enterprises, impropriate the fund of their enterprises. Paying a debt by stock is one way to solve this problem. We must have a profound reflection on factors of such the way as it conceals system and practical operation. Through analyzing its advantages and disadvantages, when one meets such problems, one could get an aid from this consultation to make decisions.