公司股份回购制度研究

发布时间：2018-03-05 13:45

本文选题：股份回购　切入点：价值取向　出处：《南京师范大学》2005年硕士论文　论文类型：学位论文

【摘要】：股份回购(Stock Repurchase),又称为股份的赎回和重购(Redemption and Repurchase of Shares),即公司按照一定的程序,重新购回发行在外或流通在外的部分公司股份的行为。在西方资本制度成熟的国家,股份回购是常见的资本运作和企业经营方式。各国关于股份回购的立法主要有“原则禁止,例外允许”和“原则允许,例外禁止”两种模式。我国关于股份回购制度的立法和实践仍处于探索、尝试阶段。透过我国的《公司法》、《上市公司章程指引》、《到境外上市公司章程必备条款》等法律中关于股份回购的规定,可以看出我国采用的是更为严格的“原则禁止,例外允许”的模式。这种模式在我国市场经济发展的初期,对保护股东和债权人利益、维护交易秩序等方面起到了积极的作用。然而,还应当看到我国的股份回购制度仍有许多不完善的地方,并且随着经济的进一步发展,其在立法上存在简单、缺乏操作性等弊端日益显露出来,越来越不能解决实践中出现的问题。因此,如何通过立法完善我国的股份回购制度已经提上了历史日程。
[Abstract]:Stock repurchase is also called redemption of shares and repurchase of shares, that is, the act of repurchasing and repurchasing some shares of a company which is issued or circulated in accordance with certain procedures. In western countries with mature capital system, share repurchase is a common mode of capital operation and business operation. The legislation and practice of share repurchase system in China are still in exploration. Through the provisions on share repurchase in China's Company Law, the guidelines of articles of Association of listed companies, and the articles of Association of overseas listed companies, we can see that our country adopts a more stringent "prohibition" principle. This model has played a positive role in protecting the interests of shareholders and creditors and maintaining the order of transactions in the early stage of the development of the market economy in China. We should also see that there are still many imperfections in China's share buyback system, and with the further development of the economy, its shortcomings in legislation are simple and lack of operability. Therefore, how to perfect the stock repurchase system through legislation has been put on the historical agenda.
【学位授予单位】：南京师范大学
【学位级别】：硕士
【学位授予年份】：2005
【分类号】：D912.29

【引证文献】