論我國(guó)上市公司關(guān)聯(lián)交易(已修改)
2025-01-20 11:07 本頁(yè)面
【正文】 論我國(guó)上市公司關(guān)聯(lián)交易 摘要 關(guān)聯(lián)交易 ,是我國(guó)證券發(fā)展的必然產(chǎn)物。關(guān)聯(lián)交易是關(guān)聯(lián)者之間進(jìn)行的商業(yè)性交易活動(dòng) ,由于我國(guó)股份改革過(guò)程中的諸多企業(yè)自身能力不足 ,往往會(huì)出現(xiàn)相互關(guān)聯(lián)從而得以生存。最基礎(chǔ)的既是國(guó)有控股的國(guó)有企業(yè)重組 ,重組后將其核心部門或者產(chǎn)品作為上市公司 ,而將其原來(lái)的公司作為母公司 ,上市公司是母公司的一個(gè)分支 ,因此不可避免的與母公司存在一定聯(lián)系 ,關(guān)聯(lián)交易的發(fā)展便隨之增大。 關(guān)聯(lián)交易的存在 是利弊均有的， 有利的方面主要是公允的關(guān)聯(lián)交易可以降低企業(yè)的交易成本、優(yōu)化企業(yè)的資金產(chǎn)業(yè)結(jié)構(gòu) ，從而 從整體上提高上市公司的利潤(rùn)。然而 ,關(guān)聯(lián)交易的弊端也是不可忽視的 ,在實(shí)際的關(guān)聯(lián)交易中幾乎不存在真正意義上的公允 ,因此往往會(huì)出現(xiàn)一方控股而使其它中小股東的意志不能得到反映 ,致使不利于中小股東利益的維護(hù)。此外為獲取高額利潤(rùn) ,許多企業(yè)通過(guò)弄虛造假的方式抬高業(yè)績(jī) ,操縱股價(jià) ,獲取大量資本， 嚴(yán)重?fù)p害投資者的利益 ,擾亂證券市場(chǎng)秩序。因此 ,對(duì)于我國(guó)上市公司的關(guān)聯(lián)交易的研究就很有必要 ,通過(guò)研究了解我國(guó)關(guān)聯(lián)交易中的利弊問(wèn)題 ,有利于為制定相應(yīng)的法律法規(guī)提供相應(yīng)的參考，維護(hù)廣大投資者的合法權(quán)益 ， 維護(hù)證券市場(chǎng)的健康繁榮發(fā)展。 文中就我 國(guó)上市公司關(guān)聯(lián)交易現(xiàn)狀進(jìn)行了研究 ,分析了我國(guó)關(guān)聯(lián)交易存在的諸如會(huì)計(jì)問(wèn)題、公司股權(quán)結(jié)構(gòu)、及監(jiān)督監(jiān)管指標(biāo)等一系列問(wèn)題 ,并提出相應(yīng)的對(duì)策。全文 總體分為 五個(gè)部分。第一部分對(duì)關(guān)聯(lián)方和關(guān)聯(lián)交易的界定進(jìn)行了 簡(jiǎn)明闡述 。第二部分綜合分析了我國(guó)上市公司關(guān)聯(lián)交易的現(xiàn)狀、主要形式及特征 ， 并闡述了關(guān)聯(lián)交易發(fā)生的原因及動(dòng)機(jī) 。第三部分結(jié)合案例闡述了我國(guó)上市公司在關(guān)聯(lián)交易中存在的種種問(wèn)題 ,包括會(huì)計(jì)會(huì)計(jì)規(guī)范問(wèn)題、相關(guān)法律問(wèn)題、公司治理結(jié)構(gòu)問(wèn)題、政府監(jiān)管指標(biāo)問(wèn)題等 。第四部分則 針 對(duì) 關(guān)聯(lián)交易中 存在的問(wèn)題提出相應(yīng)的建議 ， 第五部分 總結(jié)陳述全文 。 關(guān)鍵詞 : 上市公司 關(guān)聯(lián)方 關(guān)聯(lián)交易 現(xiàn)狀 Abstract Related transactions, is the inevitable oute of China39。s securities development. The related transaction is the mercial transaction between the associates. As many of the enterprises in the process of stock reform are insufficient in their own capacity, they are often interrelated to survive. The most basic is the stateowned stateowned enterprise restructuring, the reanization of its core sector or product as a listed pany, and its original pany as a parent pany, listed panies as part of the parent pany, inevitably with the parent pany , The development of related transactions will increase. There are advantages and disadvantages of related party transactions. Advantageously, the fair transaction can reduce the transaction cost of the enterprise, optimize the capital structure of the enterprise, and improve the profit of the listed pany. However, the drawbacks of related party transactions can not be ignored, in the actual related party transactions almost no real sense of fairness, so often there will be a party holding the other small shareholders will not be reflected, which is not conducive to the interests of small shareholders The In addition, in order to obtain high profits, many enterprises through fraud fake way to raise performance, manipulate the stock price, from which the market capital, serious damage to the interests of investors, disrupt the securities market order. Therefore, it is necessary to study the related transaction of listed panies in our country. By studying and understanding the advantages and disadvantages of the related transactions in China, we can provide the corresponding reference for the policy of regulating the related trading market and so on. The legitimate rights and interests of investors to ensure the healthy operation of the capital market, for the maintenance of the healthy development of the securities market is of great significance. In this paper, the status quo of the related transactions of listed panies in China is studied, and the existing problems such as accounting problems, the ownership structure of the pany and the supervision and supervision indicators are analyzed, and the corresponding countermeasures ar
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