我国上市公司对外担保相关问题研究

【作者】 刘智；

【导师】 焦薇；

【作者基本信息】 西南财经大学 ， 会计学， 2006， 硕士

【摘要】 由于我国上市公司公司治理结构存在缺陷、相关担保法规不完善、企业融资渠道不畅通等原因,使得上市公司对外担保行为具有担保频率高、担保金额大、公司业绩越差对外担保水平越高等特征,担保风险不断扩大,严重干扰了正常的社会经济秩序。尽管相关监管部门出台了很多法律法规规范上市公司对外担保行为,并严厉查处了一批违规担保事件,但我国上市公司对外担保风险仍然很大。故本文试图通过对当前上市公司对外担保的现状及特征的分析,发现其存在的问题,分析其产生的根源,提出相应的对策和建议,以期提高上市公司对外担保制度的实效性,并防范和化解担保风险。笔者拟按“发现问题——分析问题——解决问题”的思路构建全文。主要内容如下:第一章担保的相关概念本章主要对担保的相关概念展开讨论。一是,通过对担保概念的内涵和外延的界定,指出本文所探讨的上市公司对外担保,是指上市公司及上市公司控股子公司为本公司以外的其它公司提供的担保。二是,通过对担保交易成本等的分析指出担保存在的必要性。第二章我国上市公司对外担保行为的演变、特征及风险本章首先分析了我国上市公司对外担保的演变历程。以1995年6月颁布的《中华人民共和国担保法》、2000年7月证监会颁布的《关于上市公司为他人提供担保有关问题的通知》及2003年8月证监会与国资委联合发布的《关于规范上市公司与关联方资金往来及上市公司对外担保若干问题的通知》实施为界限,将上市公司对外担保行为划分为四个阶段。接着对我国上市公司对外担保行为进行统计特征分析。笔者通过对1999年至2004年,沪市上市公司担保数据所做的描述性统计分析发现,我国上市公司对外担保行为存在诸如涉及对外担保的上市公司数量逐渐增加,担保连续性特征明显,而且违规担保事件范围广、担保金额大,信息披露滞后现象突出等特征,这些都有可更多还原

【Abstract】 Lack of efficient governance of listed companies and perfecting of related laws, the unreasonable the ownership of a share construction is and so on, the guarantee behavior has some features including the following aspects: more and more listed companies involve in guarantee; many guarantees violate the rules. According to these, our listed companies get into the guarantee risk deeply. The correlation departments have constituted laws to make the behavior of guarantee standardization and punished some irregular guarantee severely. But the guarantee risk of our listed companies is still high. Therefore, this thesis pays attention to seek the current problems about guarantee by the statistics analysis. Then the author scoops the negative effects of the guarantee. And then this thesis analyzes the relevant reasons. The author puts some measures and advices forward for solving the relevant problems.This thesis is based on the logistic structure: seeking problems——analyzing problems——solving problems. Based on this thought, the thesis includes for chapters:Chapter1 The related concepts of the guaranteeFirstly, this chapter confines guarantee’s definition. Secondly, on the base of analyzed guarantee’s features,we analyzed the function of reduces the agent cost ,to mean the necessity of the exist of guarantee.Chapter2 Analyzing the history of the guarantee and the risk of it Firstly, the thesis explores the track of the guarantee of Chinese listed companies, which contains four stages: 1. Few people pay close attention to the guarantee of listed companies before 1996. 2. Listed companies mainly guarantee to big shareholders and connection business enterprises from 1996 to July 2000; 3. Listed companies primarily guarantee with each other or the subsidiary from July 2000 to August更多还原