国企整体上市对企业价值提升的影响探析

On Influence of Holistic Listing of State-owned Enterprises to the Promotion of Enterprise Value

国企整体上市有利于促进产业整合、合理配置资源和优化治理结构,并以整体上市为契机,在探索和发现中培养企业价值,最终实现企业价值的提升。但整体上市对于企业价值提升也产生了产业或业态灵活性减弱、容易陷入财务危机、整合风险加大等消极影响。在整体上市操作中,应采取切实加强整体上市主体资格的审核、严格监督整体上市募集资金使用投向、保障中小投资者的合法权益以及建立合理科学的风险控制体系等对策措施,以消除国企整体上市对企业价值提升的消极影响。

The holistie listing of state-owned enterprises will promote industry integration, reasonable resource allocation and optimal governance structure to develop and advance the enterprise value in exploration. However, the holisfic listing also has negative ef- fect-weakening the flexibility of industry, easily involving into financial crisis, and increasing integrating risk, etc. Hence, in the process of holisfie listing, we should take the following measures to eliminate the negative influence of holistie listing of state-owned enterprises to the promotion of enterprise value： to strengthen auditing on subject qualification, to supervise the fund allocation of financing capital, to guarantee medium and small ＇investors＇ legal right, and to build rational and scientific risk control system.