【作者】 周正平；

【导师】 陈石清；

【作者基本信息】 中南林学院 ， 森林经理学， 2002， 硕士

【摘要】 我国的现实经济中存在着两大“并发症”，即国有商业银行巨额的不良资产和国有企业高比例的资产负债率，其能否妥善地解决关系到我国经济的长远发展。根据国外不良资产重组的经验，本文提出债转股这样一种全新的制度设计以期彻底了断我国银行与企业间的债权债务。全文主要内容和观点为：(1)系统地阐释了我国银行不良资产历史形成原因，即是经济转轨时期银行信贷资金财政化的结果。(2)总结了国外化解银行不良资产所采取的措施以及对我国的经验借鉴。(3)客观地评析了我国以往处置银企间债权债务的经验，提出债转股这一全新的制度设计。(4)将公司治理结构的理论引入到债转股，阐释了债转股的理论基础是企业相机干预下的公司治理结构的完善。(5)在实证分析的基础上论述了我国债转股的运行机制以及对其运行效应的分析与评价。(6)通过对债转股与资本市场关系的分析，提出完善和发展我国资本市场的现实选择。(7)提出债转股的核心问题——其退出机制的设想以期赋予本文研究的时代意义。(8)分析了债转股运行过程中的“道德风险”及应采取的防范措施。更多还原

【Abstract】 There are two big symptoms in the same time which are state-owed commercial bank high rate of non-performing assets and state-owed enterprise high liability-asset ratio in our country economy. Whether they are solved influences our country economy long-term development. Based on foreign bank’s non-performing assets restructure experience , the paper bring out a new kind of institution design which is the debt-equity swap(DES) in order to solve assets and liabilities between bank and enterprise. Major viewpoints are: (1) conducting the reason of the bank’s non-performing assets to bank’s credit loaning capital fiscal in the transition economy period;(2) concentrating the way of foreign bank’s non-performing assets disposal; (3)evaluating the measure of our country bank’s non-performing assets disposal to bring out DES;(4)citing the theory of enterprise governance structure to DES and describing the theory foundation of DBS lies in the improvement of enterprise governance structure. ;(5)based on the reality analysis, describing the operating mechanism of DES and the evaluation of the consequence;(6)in the light of the relation between DES and capital market, pointing out the choice of our country capital market improvement;(7)bringing out the means to the exit mechanism of DES ;(8)analyzing the moral hazard of the operation of DES to probe the measure to prevent from.更多还原