论近代外商在华企业的优先股制度——兼与华商企业比较

Study on the Institution of Preference Share of the Alien Enterprise in Modern China and Compared with the Chinese Enterprise

近代外商在华企业不仅长期在资金和技术上处于优势地位,而且在企业制度方面也领风气之先。优先股作为近代西方股份制企业中特种股份的重要类型之一,亦被诸多外商在华企业作为重要的融资工具引入中国,并对其企业的权力结构均衡和融资成本优化产生了非常深远的影响。因此对近代外商在华企业中的优先股做出系统分析,并探讨其与华商企业优先股之间的关系,不仅对进一步了解当时企业组织制度有重要意义,而且有助于完善近代中外企业制度变迁的研究。

Alien enterprise not only has been in a dominant position for long time in capital and technology in modern China, but also led the pioneer of enterprise institution. As one of the important type of special shares in joint-stock enterprise, preference share has also been introduced to China as a financing tool, and has made a far-reaching impact on the power structure balance and financing cost optimization of enterprise. So making a systematic analysis and studying on the relationship between Chinese and alien enterprises of their preference share, not only had had significant meaning for comprehending the institution of enterprise organization, but also contributed to improving the study of institutional change of Chinese and alien enterprises in modern China.