论文部分内容阅读
1、继续完善发展股市。我国国有企业一旦经过股份制改造获准上市,通常便把股票融资作为公司融资的首选途径,不但极力扩大发行额度,而且公司的分配方案也很少支付现金,多以配股为主,把股票市场作为一块免费的蛋糕,都试图占据更大一块。根据现代资本结构理论的信号传递理论,外部投资者往往凭借企业的融资行为判断企业价值,而股权融资往往被认为是企业经营
1, continue to improve the development of the stock market. Once the state-owned enterprises in China are allowed to go public after the shareholding system reform, stock financing is usually regarded as the preferred way to finance the company. Not only the issuance quota is greatly expanded, but also the company's distribution plan seldom pays cash. Free cake, all trying to occupy a bigger piece. According to the signal transmission theory of modern capital structure theory, external investors often judge the enterprise value by virtue of the financing behavior of the enterprise, while equity financing is often considered as the business operation