【作者】 张鑫；

【导师】 仲维清；

【作者基本信息】 辽宁工程技术大学 ， 企业管理， 2003， 硕士

【摘要】 文章从我国银企债务的现状出发，论述我国国有商业银行与国有企业间的不良债权债务状况，及银企之间不良债务对企业、银行乃至整个国民经济运行的严重影响；经分析造成这一状况的制度性原因是宏观上投融资体制的扭曲和微观上银企产权的软约束，能否从根本上解决这两方面问题将直接决定重组工作的成败。通过借鉴国内外重组运作的理论与经验，及对国内债转股运作实例的研究，认为我国以金融资产管理公司为中介的债转股运作，还不能从根本上解决这两方面问题。故此提出以发展健全的资本市场，改革投融资体制的宏观环境；以金融资产管理公司与股有投资公司的互补运作和银行产权多元化改革，重构银企产权微观基础；并通过完善破产重整立法健全偿债保障机制的改革建议。更多还原

【Abstract】 The thesis proceed from current situation of the enterprise-banking debt of our country, and expound the fact of bad credit and debt state between our State-run commercial bank and State-owned enterprise, and the serious influence on the enterprise, bank and even whole national economical operation. The thesis announced that two institutional reason of this state are financing-and-investing system distortion of enterprise-banking debt in macroscopic system and negotiable constrain of enterprise’s and bank’s property right in microcosmic system. Whether solution to the two respects or not, which decided t her;e determine success or failure of the debt reconstruction of enterprise-banking fundamentally. The chapter has a survey on the operating of the debt reconstruction of enterprise-banking both at home and abroad extensively, correspondingly gain some lessons and experiences: and analyze the moot on the do. bt~ i n t o - e qu i t y op.? ration at home. The thesis pointed out the d eb ’-into-equity operation taking finance assets management corporation as intermediary of our country have c e r t ain feasibility, but it can’t solve the two problems fundamentally. Based on the above seasons, our proposals can be summed tip as three points, reforming macroscopic environment of financing-and-investing system with development of the capital market, reconstructing the microcosmic base on enterprise-banking property with the de localization of finance assets management corporation and the multiplicity of bank property,更多还原