摘要
股份回购早已成为上市公司为配合资本结构决策或股利政策而广泛采用的财务举措,而在我国股份回购无疑也是证券市场上的一项重大制度突破和金融创新。本文首先阐述了股份回购的基本理论,然后结合东北老工业基地公司股份回购的相关情况,着重地分析了股份回购的负财务效应。最后针对股份回购负财务效应分析中所发现的问题,提出了一系列相应的建议和解决措施,使其无论在理论上还是实践上的研究都得到了进一步的完善。
Repurchase shares already or capital structure of decision-making country is a major system breakthrough become financial measure used widely that listed companies with dividends and policy. Nevertheless, the repurchase shares of securities market in our and financial innovation system. The paper first expounds the basic theories of repurchase shares, then combining the repurchase shares of the relative conditions of north-east old industry base corporations, analyzes emphatically the negative financial effects of repurchase shares. Finally, pointing at the problems of negative financial effects of repurchase shares, the paper put forward a series of proposals and the solution measure, whether in theory or practice studies repurchase shares has been further improved.
出处
《科技和产业》
2007年第1期69-72,共4页
Science Technology and Industry
关键词
股份回购
财务风险
负财务效应
库藏股
Repurchase Shares
Financial Risk
Negative Financial Effects
Treasury Stock
