文档介绍：摘要
我国目前所进行的债转股浅层次的目标在于化解困扰银企双方历史上形成的
不良债权和债务问题拿掉包袱提高效益而深层次的目标则在于以债转股
为契机实现银企双方经营机制的根本转换建立现代商业银行制度和现代企业制
度从制度上避免以后此类问题的再次形成本文的研究方向主要指向国有股权改
革研究对象主要针对国有大中型企业
本文回顾了国外处理不良债权的文献对我国政策性债转股进行了理论分析
揭示了政策性债转股是在国家设定的政策目标之下参与主体之间进行博弈的本质
提出债转股企业的生存与发展必须以的顺利退出为大背景即国有资产退出机制
下的企业股权改革
文章通过对国企价值亏蚀的原因进行系统分析从性质重新界定股权
多元及的定位三方面探索国家所有权的有效管理同时本文提出国家所有权
的有效管理的目标即债转股企业价值最大化通过以建立科学的法人财产制度和有
限责任制度规范的所有者治理法人治理和利益相关者共同治理制度及有效的激
励约束制度三个建立现代企业制度的必要条件为理论指导提出债转股企业在国有
资本退出机制下的国有股权改革机制一套为实现企业的价值增长大胆设计的
股权改革机制
关键词不良资产债转股国有资本退出国有股权改革
I
Abstract
Current translating creditor’s rights to stockholder’s rights aims superficially to deal
with the bad creditor’s rights and liabilities that had been accumulating historically
between the banks and enterprises. The essential purpose is to ensure the bad liabilities no
more happen by establishing modern enterprise institution and mercial bank
institution. The article directs to the former. And the object of study is state-owned
enterprises.
This article reviews the literature on foreign government’s dealing with bad creditor’s
rights, and then analyzes Chinese translating creditor’s rights to stockholder’s in
theoretical dimension and points out that the nature of its is a tactics of concerned bodies
under the political objective, and also points out the survival and development of the
object should shoulder the essful drawback of AMC.
Finally, the article analyzes systematically reasons of state-owned value depreciation,
the objective mode of establishing modern enterprise institution, the effective management
of state-owned ownership, and hope to explore a way to benefit the state-owned
enterprises and our nation.
Keywords: The Bad Assets Translating creditor’s rights to stockholder’s rights
The withdraw of state-owned capital The Transformation of state-owned option
II
独创性声明
本人声明所呈交的学位论文是我个人在导师指导下进行的研究工作及取得的研究
成果尽我所知除文中已经标明引用的内容外本论文不包含任何其他个人或集体已
经发表或撰写过的研