上市公司偏好定向增发的外部因素分析

An Analysis on the External Factors Affecting the Preference for Private Placements of Public Companies

外部因素对上市公司定向增发偏好的影响表现在三个方面:一是定向增发的发行条件较低;二是定向增发具有其他相对比较优势;三是定向增发有助于上市公司实现特定战略目的。目前,在为上市公司定向增发创造有利的制度便利的同时,还应对定向增发制度中不合理的环节进行完善和健全。

External factors are one of the important reasons why private placements become the mainstream way of equity refinancing after the share restructure reform.External factors affect the preference for private placements of public companies from three aspects,which include the low conditions of issuance,other relatively comparative advantages and achievement of specific strategic objectives of public companies.In addition,we should make the current placement system perfect and sound.