上市公司配股门槛变迁理论解读

随着我国证券市场的发展,其配股政策处在不断变革中,新公司法对配股规则作了重大调整,这意味着证券市场的利益格局将重新分配。本文用利益相关者理论对这一问题进行分析,探讨门槛变迁与监管政策变化对监督机构、上市公司、投资者、会计师事务所、地方政府等利益相关者的影响。还讨论了配股门槛变迁是否有助于解决上市公司配股过程中存在的问题。

Decipher the Changes of the Threshold in Right Issue

Discipline for right issue has changed many times with the development of stock market in China. The latest change has been explained in the new Corporation Law. In virtue of Correlative Interests Theory, our article try to explain the interests distribution among interrelated groups, such as regulation departments of government, corporations, investors, accountant office, local government etc. Furthermore, whether changes of the threshold can help to resolve problems arising in the process of right issue have been discussed.