摘要
我国上市公司存在强烈的股权融资偏好,这有悖于西方融资理论和实践.本文首先通过一组统计数据说明我国上市公司进行内源融资的困难,然后从内部人控制和债券融资渠道不畅两个方面分析了我国上市公司股权融资偏好的原因,最后指出过分股权融资所产生的不良后果,并提出了相应的对策。
The listed companies of our country have intensive equity financing preference. It is different to the western financing theory and practice. Firstly, the hardness of the listed companies of our country in carrying on internal financing is discussed in the paper; then, the reasons of equity financing preference of our country＇s listed companies are analyzed from two different aspects, i. e. the controlling of insiders and the obstruct of bond financing. Finally, the bad results of excessive equity financing are pointed out, and the methods that can solve the problem are given.
出处
《价值工程》
2005年第9期122-124,共3页
Value Engineering
关键词
上市公司
融资
融资偏好
listed company
financing
financing preference
