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Going Public Through Buying A Shell And The Normative Development Of The Enterprise In China

Posted on:2005-10-16Degree:MasterType:Thesis
Country:ChinaCandidate:Y Y LengFull Text:PDF
GTID:2156360122486214Subject:National Economics
Abstract/Summary:
As our country joins WTO, the international capital enters on a large scale, the rule will become strict day by day , the rival will become strong day by day , so we need enterprises of our country to develop urgently, make it occupy a tiny space in international market. Enterprise's development has two basic ways : First, enterprise's rolling oneself type development, namely passing enterprise's own accumulations, relying on one's own technological advantage, fund advantage and management advantage , winning the competition advantages of enterprises and market advantage , thus expand assets business scale of enterprises and market share, this is enterprise's interior expansion type development model. Second, enterprise's outside expanding type development, namely through the way of rearrangement of assets of purchasing, annexing, amalgamating etc., making various kinds of factors of production, such as capital, technology, information, talent, etc., centralized to advantage enterprises rapidly, implement low cost, high-efficiency expansion. George Stigler ,U.S.A. famous economist, who gained Nobel Prize for economics said: "None of big companies of U.S.A. did not grow up through the annexation of a certain degree, a certain way, nearly no big company grows up by interior expansion. "In a situation that China's economy is in transformation period at present, not every enterprise has a chance to list, especially the enterprise run by the local people, it is quite difficult to verify through the public publication of the stock, and need to pay the listing expenses with high number. Going public through buying a shell becomes some distance that curve saved the nation of enterprise. The real meaning of going public through buying a shell is to be for developing enterprise, 1+1>2.The theorical basis of the research on buying shell and the standardizing development of the enterprise is realizing the efficiency through the optimum disposition, that is, reaching the biggest effectiveness with the minimum cost. And that make both sides gain profits. Finally, our purpose is that making the shell resource use in maximum extent. Making the enterprises benefit to the biggest extent, avoiding the various risks as well as promoting the competitive ability in the international market. Otherwise, it can solute the losing job for the goal company with social benefit. So weshould study how to plan rationally to go public through buying a shell, how to solve the problem and correct its, explore the new interests, play function of the standardizing and development for enterprise.I expound that going public through buying a shell with enterprise and the question of standardization development from following five chapter.Chapter one describes concept and characteristic of going public through buying a shell mainly. Explain what is going public through buying a shell and its feature, and subject require and operation course, etc. general rudimentary knowledge.Chapter two expounds shell resource and the way of going public through buying a shell the choice. Inside telling choice principle of shell Company and the standard, describes several ways to go public through buying a shell especially.Chapter three describes feasibility and influence of going public through buying a shell in our country. Having analysed going public through buying a shell in the feasibility of China and reason in China. Having analysed its economic benefits and social benefit and question and risk existed.Chapter four describes some situations of going public through buying a shell of our country, telling production and development in our country, and the reason of upsurge of going public through buying a shell at present, and make a concrete analysis of the case of purchasing the Chuanchangzheng of Top's software.Chapter five analysed the new problem and solution under the new situation. Putting forward the new problem that appears recently, analyses the incomes of enterprises when going public through buying a shell, and point out...
Keywords/Search Tags:Going public through buying a shell, Shell company, The secondary market of company of shell purchases, assets replacement
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