公交迷网 - 巴士之家

标题: 经济学论文的摘要…… [打印本页]

作者: john_william    时间: 2010-12-15 21:53
标题: 经济学论文的摘要……
英文部分是我翻译的,若各位发现有不准确的地方,请留言告诉我,谢谢。
----------------------------------------------------------------------
可转换债券作为一种公司融资的金融工具起源于美国,在我国的起步较晚,而且在具体实践中,由于可转换债券的创新不足,出现了诸多问题,严重阻碍了公司融资以及可转换债券市场的发展。在中国证券市场中,上市公司也罢,投资者也罢,对可转换债券的认识往往停留于将其作为一种再融资渠道的认识之上,而较少有人把可转换债券的出现和发展视做中国证券市场上的一种金融产品创新。这样一种特殊的情况,加上可转换债券本身在中国产生,尤其是被市场接受的时间很短,在客观上就使得中国证券市场各类主体对其本质及特性了解不深。自2001年起,发行可转换债券逐渐成了我国上市公司直接融资的重要方式,但在具体实践中,由于可转换债券的创新不足,大部分上市公司没有很好地将可转换债券融资动机与公司的财务特征相结合,从而出现了只要符合条件就发行可转换债券的现象,这些问题严重阻碍了公司融资以及可转换债券市场的发展。本文从可转换债券的概念和特征着手,分析了可转换债券的一般经济分析和融资的机遇与误区,并对完善我国上市公司可转换债券融资的建议作一分析。
-------------------------------------------------------------------
Convertible bond, a method of financing, was originated in the U.S.A. In China, it started late and because of lack of innovation, Convertible bond contains many problems which seriously obstruct the development of financing and market of convertible bond. In Chinese stock market, both listed companies and investors do not treat the appearance and development as financial product innovation but as the refinancing, and besides this condition, the period of the convertible bond appearing in China and being accepted by Chinese market doesn’t last for enough long time caused the superficial understanding of the nature and the characteristics of the convertible bond. Since 2001, the convertible bond became the important financing method of listed companies gradually. However, most listed companies didn’t let company's financial characteristics get along well with the motive for the convertible bond, which caused that the convertible bond will be issued in the right condition. These problems seriously obstruct the development of financing and market of convertible bond. General economic analysis of convertible and the opportunity and mistakes of financing will be analyzed from the concept and characteristics of bond, and the other analyze will be made for the suggestion of perfection the Chinese listed companies’ convertible bond financing
作者: wangtian2233    时间: 2010-12-25 14:24
哥就是喜欢找人少的帖子回
如果沉了哥会很有成就感 感觉是哥弄沉的
如果火了 哥也在前排
这**叫稳赚不赔啊

作者: 东客站    时间: 2010-12-25 14:27
看了二楼……决定回复
作者: 寳舆貝    时间: 2010-12-25 15:39
你净整些没用的东西    一点都不好玩
作者: 大连港濠1094    时间: 2011-1-4 16:00
o(∩_∩)o...哈哈
作者: 大连港濠1094    时间: 2011-1-4 16:01
有用呀,我想考个研究生
作者: ~滨州公交~    时间: 2011-1-9 17:40
                  




欢迎光临 公交迷网 - 巴士之家 (http://www.gongjiaomi.com/) Powered by Discuz! X3.2