控制权市场与融资决策分析.docxVIP

论文题目 控制权市场与融资决策分析 PAGE \* MERGEFORMAT PAGE \* MERGEFORMAT 2 摘要 自上世纪50年代以来，公司融资决策问题逐渐成为当代金融学研究的热点问题。公司融资行为是现代金融体系的微观基础，在货币的传导机制中具有十分重要的地位。公司融资决策不仅受宏观经济政策环境的制约，更直接地反映了影响公司决策的内部制约因素。 在公司运作过程中，控制权的拥有者可以通过影响其他人的行为而获得控制权收益，控制权配置会影响到公司总体价值的最大化。在发达的市场体系中，公司股权可以自由流通，其控制权市场比较完善的、，但是在我国企业非流通股占据了很大的一部分，控制权市场无法发挥其应有的作用，这在一定程度上也是由于我国上市公司内部控制权配置不合理引起的。 关键词：融资决策、融资行为、控制权配置、控制权市场 Abstract Since the 50s of last century, the financing problem has become a hot issue in the study of modern finance. Corporate financing behavior is a micro foundation of the modern financial system, plays an important role in the monetary transmission mechanism in. Corporate financing decision is not only restricted by the macroeconomic policy environment, more directly reflects the factors which impact the companys decision. In the operation process, control of the owners can gain control benefits by influencing other peoples behavior, the allocation of control rights will affect the companys overall value maximization. In the developed market system, the company shares can circulate freely, the control right market is perfect, but in our country enterprise non tradable shares occupy a large part of, control rights market can not play its due role, which in a certain extent, is due to our country city company internal control right allocation caused by unreasonable. Key words: financing decision, financing behavior, control power allocation, control market 目录 TOC \o 1-3 \h \u HYPERLINK \l _Toc29904 摘要 PAGEREF _Toc29904 1 HYPERLINK \l _Toc27387 Abstract PAGEREF _Toc27387 2 HYPERLINK \l _Toc15318 1.引言 PAGEREF _Toc15318 4 HYPERLINK \l _Toc12645 1.1研究背景与意义 PAGEREF _Toc12645 4 HYPERLINK \l _Toc20937 1.1.1研究背景 PAGEREF _Toc20937 4 HYPERLINK \l _Toc280 1.1.2研究意义 PAGEREF _Toc280 4 HYPERLINK \l _Toc18086 1.2研究思路 PAGEREF _Toc18086 4 HYPERLINK \l _Toc11451 1.3研究方法 PAGEREF _Toc11451 5 HYPERLINK \l _Toc684 2.企业融资决策基本理论综述 PAGEREF _Toc684 6 HYPERLINK \l _Toc8955 2.1传统融资决策 PAGEREF _Toc8955 6 HY