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“流通股与非流通股”并存使国有股权在上市公司股权结构变动中处于不平等地位,其后果即是直接降低了国有股权的价值。包括新股发行、配股和国有股权转让中的价值贬损。
The coexistence of “tradable shares and non-tradable shares” makes the state-owned equity in an unequal position in the ownership structure of listed companies, the consequence of which is to directly reduce the value of the state-owned equity. Including the IPO, placement and the devaluation of the value of state-owned equity transfer.