【作者】 李春阳；

【导师】 李志文； 尹伟民；

【作者基本信息】 大连海事大学 ， 民商法学， 2008， 硕士

【摘要】 公司股份回购作为一种资本运作方式在国外公司立法中已存在多年。长时间的探索,使其已形成一套较为成熟的制度,在公司运营领域扮演着重要角色。但就我国而言,由于市场经济起步较晚,公司股份回购现象也是近几年才出现的事情,相应的法律规范原则而且简单,现实操作中也存在许多不完善之处。与此同时,针对我国公司中国有股比重偏大的特殊情况,股份回购制度对国有股减持、活跃股票市场、实施员工激励等方面又有特殊意义。因此,在对公司股份回购制度给予充分重视的同时,有必要对该制度的中国化作深入细致的分析,进而构建中国特色的股份回购制度。本文从公司股份回购的概念、性质等基本问题入手,以构建符合我国国情的公司股份回购制度为主线,对股份回购的利弊进行分析。同时结合国内外立法现状及典型案例,运用比较分析、经济分析、利益衡量等研究方法,对如何规制公司的股份回购行为,以达到兴利除弊的目的展开论述,俾求对完善我国股份回购制度提出建设性的意见。本文的主体部分包括5章:第1章是公司股份回购的基本问题;第2章是公司股份回购的价值分析;第3章是公司股份回购的国外立法规制;第4章是我国公司股份回购制度的构建意义及现状;第5章是构建符合我国国情的公司股份回购制度。其中,第1章介绍了公司股份回购的涵义和特征,并在此基础上与相关概念进行了辨析。接着介绍了现存公司股份回购的主要方式,并讨论了该制度所适用的公司组织形式。第2章主要从正反两个方面运用对比方法和经济分析方法讨论了公司股份回购制度存在的意义。第3章主要从立法态度和制度的具体内容两个角度介绍了当今世界主要国家公司股份回购制度的立法经验。第4章首先探讨了公司股份回购制度在我国的特殊意义。然后阐述了该制度立法现状及法律实践,分析了当前该制度存在的不足。第5章针对我国目前公司股份回购制度存在的缺陷,在确立立法价值目标和立法原则基础上,具体构建适合我国国情的公司股份回购制度。更多还原

【Abstract】 Corporation Stock Repurchase has existed in the companies abroad as a way of capital operation for years. Through long time’s exploration, it is developed into a mature regulation which plays an important role in the commercial operation process. In China, Corporation Stock Repurchase appears just recently, so the relevant law and regulation are simple, and many shortages emerge during the operation. At the same time, regarding the condition that the state stock takes up great part in China’s companies, this system makes great sense for the reduction and possession of state stock, activation of stock market, implementation of staff inspiration, and so forth. Thereby, it is necessary to analyze particularly during the further use of Corporation Stock Repurchase in China, when great attention is paid to this system, to establish a suitable stock repurchase system for China.The conception and property of Corporation Stock Repurchase are discussed in the first part of the thesis. To establish a suitable Corporation Stock Repurchase system is the main content, and the pros and cons of stock repurchase are discussed relatively in the later part. How to regulate the Corporation Stock Repurchase behavior to develop the advantages and abandon the disadvantages is also discussed in this part to obtain the advice for perfecting the stock repurchase system in China.The thesis is divided into five chapters. The basic problems of Corporation Stock Repurchase are specialized in the first chapter. The value of the system is analyzed in the second chapter. The third chapter is mainly for the Corporation Stock Repurchase legislation regulations in foreign countries. The significance and status quo of the system are introduced in the fourth chapter. The last chapter is for establishing a Corporation Stock Repurchase system suitable for the situation of China.In the first chapter, the meaning and characteristics of Corporation Stock Repurchase are introduced, from which the relevant conceptions are differentiated and analyzed. The main ones of existing Corporation Stock Repurchase forms are contained in this chapter, as well as the form of company organization suitable for this system. The second chapter discusses the existing significance of the system with comparing the pros and cons, and with economic analysis method.In the third chapter, the legislation experience of the system in the world nowadays is introduced from the points of legislation attitude and concrete content of the regulation.The significance of establishing the system in China is discussed. And then, the status quo and law enforcement of the system are indicated and the disadvantages of present system are analyzed.How to establish a regulation to establish the system suitable for the situation of China is put forward in the fifth chapter, with regarding to the shortcomings of the system in the companies in China as well as value objective and regulation of legislation.更多还原