《我国上市公司可转换债券融资问题的研究》-毕业论文（设计）.doc

PAGE 第PAGE 1页（共14页） 我国上市公司可转换债券融资问题的研究 中文摘要：可转换债券是一种被赋予了股票转换权的公司债券，是上市公司再融资的又一种常规模式。可转换债券是作为一种中间性的融资工具，对我国资本市场的繁荣和发展十分有利。现今，可转换债券市场在经历股改带来的转股冲击之后，将再度迎来扩容高潮。毫无疑问，可转换债券现已成为我国资本市场不可或缺的投融资工具。然而，我国上市公司可转换债券发行起步比较晚，因此对可转换债券的研究需要不断地探索和完善，使之真正成为我国资本市场上配置资源的重要金融工具。以前已经有不少学者针对我国上市公司的可转换债券这种再融资方式进行了一系列的研究，同时也提出了不少建议。本论文则从可转换债券的起源、特征、适用范围以及发展与现状着手，分析了可转换债券融资方式的利弊，进一步探讨了新形势下我国上市公司可转换债券存在的问题，最后针对这些问题提出发展和完善我国上市公司可转换债券融资的对策。 关键字：上市公司 可转换债券 融资 Abstract: The Convertible bonds have been given a right to convert the stock of corporate bonds , is also a conventional mode of Refinancing of listed companies .The convertible bonds as a intermediate financing tool are very conducive to the prosperity and development of Chinas capital market. Today, after the share restructuring brought the impact of conversion of stock, the convertible bond market will once again usher the expansion in the climax. There is no doubt that the convertible bonds today has become an indispensable investment and financing tool for Chinas capital market. However, because of Chinas listed companies to issue convertible bonds relatively late starting, the research of convertible bonds needs to explore and improve continuously, to truly become Chinas capital market allocation of resources on the important financial instruments. Ago, many scholars had directed this way of Chinas listed companies refinance convertible bonds a series of studies, at the same time, also made a lot of recommendations. This paper proceed with convertible bonds from the origin, characteristics, scope of application, development and present situation, analysis of convertible bonds that can be advantages and disadvantages of the mode of financing, discussion of Chinas listed companies may be the question of the existence of convertible bonds. Finally, in response to these issues advanced the development and perfection of our convertible bonds of listed companies financing strategies. Key words: Listed Companies Convertible bonds