摘要
2008年全球金融危机对世界股票市场造成强烈冲击,为稳定中国股市,中国证监会一度暂停企业IPO上市融资,使得反向收购(又称"借壳上市")成为企业上市的选择途径。本文以新疆天润乳业股份有限公司反向收购的实践为研究案例,采用单一案例的研究方法,对企业应该如何选择合理的壳资源,又该以何种方式将资本注入壳资源,以及反向收购对企业绩效有何种影响等问题进行了思考与研究,以求为企业上市提供理论支持。
The global financial crisis in 2008 caused great impact on the world's stock market,and in order to stabilize the stock market,the China Securities Regulatory Commission once suspended IPO financing of the enterprise,making the Reverse Merger(also called"Backdoor Listings")has become an important option for companies.Based on Xinjiang Tianrun Dairy CO.,Ltd.listing case,taking a single case study method,this paper researches how to choose a reasonable shell resource,how to put capital into the shell resource and what are the impacts of the Reverse Merger on firm performance,so as to provide theoretical support for the listing of enterprises.
作者
王鑫
Wang Xin(School of Business Administration,Xinjiang University of Finance&Economics,Urumqi Xinjiang 830012)
出处
《山东纺织经济》
2018年第3期20-22,28,共4页
Shandong Textile Economy
基金
新疆财经大学研究生科研基金项目
项目编号:XJUFE2017D003
关键词
反向收购
战略实施
企业绩效
reverse merger
strategy implementation
enterprise performance