论外资并购国企中国有资产流失的法律防范

发布时间：2019-01-24 19:47

【摘要】：随着我国加入世贸组织和国有企业改革的深化,外资并购国有企业已成为外商对华直接投资的一种新趋势,它犹如一剑双刃,对我国经济带来双重的影响。外资并购国有企业对于我国吸引外资, 积极引进先进技术和科学管理经验,推动我国国有企业改革,完善国有企业产权结构和组织结构,起着特别重要的作用。然而,外资并购国有企业也给我国带来一定的负面影响。其中,最不容忽视的, 就是外资并购国有企业中的国有资产流失问题。本文正是围绕这一问题,以企业、市场和政府为坐标,分析了中国特殊背景下的独特的外资并购运行机制,剖析了外资并购国有企业中有关国有资产流失的状况和成因,进而揭示了目前镶嵌于行政层级中的产权结构及由此派生出的行政干预下的内部人控制型企业治理结构,以及国有资产委托代理关系下特殊的外商跨国并购机制等制度性特征是造成国有资产流失的真正根源。在上述分析的基础上,本文阐述了我国外资并购国有企业的现有法律环境,指出了其中的缺陷所在。然后,本文对西方发达国家的外资并购立法进行了比较分析,旨在借鉴各国先进的立法经验为我所用。全文的重心在于系统性地构建遏制国有资产流失的法律框架,改进招商引资的法律模式,有针对性地提出具体的法律对策。整个法律系统应由民商法规范和经济法规范共同组成,前者构成防止国有资产流失的民商机制,后者构成防止国有资产流失的监督机制。不同层次的法律规范之间应该协调配合,共同发挥法律的体系化功能,形成多维法律结构,从而在确保国有资产保值增值的前提下,科学、合理、有效的利用外资。
[Abstract]:With China's accession to the WTO and the deepening of the reform of state-owned enterprises, foreign capital mergers and acquisitions of state-owned enterprises have become a new trend of foreign direct investment in China. To our country economy brings double influence. Foreign capital mergers and acquisitions of state-owned enterprises to attract foreign capital, actively introduce advanced technology and scientific management experience, and promote the reform of state-owned enterprises in China. Perfecting the property right structure and organizational structure of state-owned enterprises plays a particularly important role. However, foreign mergers and acquisitions of state-owned enterprises also bring some negative effects to our country. Among them, the most important thing is the loss of state-owned assets in M & A. This paper analyzes the unique operation mechanism of foreign capital M & A under the special background of China, taking the enterprise, market and government as the coordinate around this problem. This paper analyzes the situation and causes of the loss of state-owned assets in the merger and acquisition of state-owned enterprises by foreign capital. Furthermore, it reveals the property right structure embedded in the administrative hierarchy and the governance structure of the insiders controlled enterprises under the administrative intervention derived from it. The real root of the loss of state-owned assets is the special system of transnational and machine purchasing under the principal-agent relationship of state-owned assets. On the basis of the above analysis, this paper expounds the existing legal environment of foreign capital merger and acquisition of state-owned enterprises, and points out the defects. Then, this paper makes a comparative analysis on the legislation of foreign capital M & A in western developed countries, in order to draw lessons from the advanced legislative experience of other countries. The focus of this paper is to systematically construct the legal framework to curb the loss of state-owned assets, to improve the legal model of attracting investment, and to put forward specific legal countermeasures. The entire legal system should be composed of the norms of civil and commercial law and the norms of economic law. The former constitutes a civilian and commercial mechanism to prevent the loss of state-owned assets. The latter constitutes a supervisory mechanism to prevent the loss of state-owned assets. The legal norms at different levels should be coordinated and coordinated to bring into play the systematization function of the law and form a multi-dimensional legal and legal structure so as to ensure the preservation and appreciation of the value of state-owned assets. Scientific, reasonable and effective utilization of foreign capital.
【学位授予单位】：湘潭大学
【学位级别】：硕士
【学位授予年份】：2004
【分类号】：D922.295

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