上市公司兼并的方式及其利益流动研究

随着我国资本市场的兴起和发展,作为资本市场重要组成部分的兼并行为越来越活跃,呈现出来的方式也多种多样。兼并过程通常伴随着相关各方之间的利益流动,但是,这种利益流动并不平衡,流通股股东和债权人的利益不能得到保护,兼并机制存在诸多问题。本文试图在对兼并收益进行深入分析的基础之上,对兼并的方式进行分类,并通过案例揭示各种兼并方式的特点,并阐释我国目前兼并过程中的利益流动的问题。然后针对兼并中存在的问题,试图提出一些有益的措施。

Listed company merger way and its interest float research

With the rise of China＇s capital market and development of capital markets as an important part of the annexation be increasingly active,tend to come out in many ways.Merger process is often accompanied by movement between the interests of relevant parties,but this benefit flows and uneven flow of the interests of shareholders and creditors can not be protected,mergers and mechanisms,problems abound.This paper attempts merger proceeds on the basis of in-depth analysis on the merger of the way,and through the case reveal the characteristics of a variety of mergers and methods and explain China＇s current annexation of interest flow.Then,for the merger problems to try to make some useful measures.