库藏股制度评析

The Evaluation and Analysis of the Treasury Stock System

库藏股制度在美国、英国、德国和日本等国家已实施多年 ,它对证券市场的稳定、企业人才的延揽和剩余资金的有效利用都起到了积极的作用。但如果监管不力 。

Treasury stock may be defined as shares of a corporation's own capital stock that have been issued and later reacquired by the issuing company, but that have not been canceled or permanently retired. Treasury stock system has been used in USA. UK. Germany and Japan for many years. It plays active effect on stability of securities market, attraction of talent and utilization of residual capital. It will hurt the benefit of the investors and creditors if the supervise is not effective.