Under these conditions external guaranty is apt to be the means by which the major shareholder or insider tunnel the listed companies,and deteriorate the corporate financial condition.
在我国大股东或“内部人”控制上市公司的制度背景下,上市公司代理问题严重,公司治理结构存在缺陷,不能起到监督大股东及管理者、保护中小股东利益的目的,对外担保容易成为大股东或“内部人”侵占上市公司利益的手段,导致公司财务状况恶化。
At present, China s listed company s external guaranty is very popular.
上市公司对外担保行为是一种正常的经济现象,正当担保可为企业融资提供便利,而不当担保则会给上市公司、债权银行、投资者等带来巨大的风险。
The Guarantee of Listed Companies:A Perspective of Ownership Structure;
上市公司对外担保行为的股权结构特征解析
Listed company external guarantee means listed company as the guarantor put guarantees for other market players debt and credit activities, but also includes personal debt guarantees.
上市公司对外担保是以上市公司为担保人,为市场其他主体的债务、信用活动提供担保,同时也包括对个人债务担保。
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.
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。
The paper selects all the external guarantee behaviors of listed A-share companies from 2001-2004 as the research sample.
本文以2001—2004年沪深两市所有发生对外担保的上市公司为样本,采用事件研究的方法,考察对外担保的公布给股东带来的财富风险,区分不同的担保对象和担保类型,对企业对外担保行为的市场结果进行研究。
The act of external Guarantee of listed companies is ubiquitous in business of China.
上市公司对外担保行为是我国目前证券市场上普遍存在的一个事实。
Paragraph 1,Article 16 of the“Company Law”has given greater freedom to the company s external security,but it is ambiguous for the provisions beyond the scope of the company s external security.
新《公司法》第16条第1款虽赋予了公司对外担保较大的自由权,但对公司超出经营范围的对外担保问题规定模糊。
Notice on External Security by Listed Companies jointly promulgated by CSRC and CBRC replaced relevant provisions previously stipulated by CSRC as official rules to guide external security by listed companies.
证监会、银监会联合发布的《关于规范上市公司对外担保行为的通知》,对证监会以前发布的一系列涉及上市公司担保的规定作出了修改。
In the early times, for protecting of the investor s interests, the company s external security is strictly restricted.
早期 ,因为强调对股东等投资人的保护 ,各国多对公司对外担保予以严格限制。
The Reasonability of Company s Foreign Guaranteeing and the Perfection of China s Foreign Guaranteeing;
公司对外担保的合理性及我国公司对外担保的完善
A listed company providing guaranty to any other party must demand the other party to provide counter-guaranty, and the provider of the counter-guaranty shall have actual capacity to bear it.
上市公司对外担保必须要求对方提供反担保,且反担保的提供方应当具有实际承担能力。
Understanding of China s Listed Company s External Guaranty;
对我国上市公司对外担保行为的剖析
A listed company providing guaranty to any other party shall abide by the following provisions:
上市公司对外担保应当遵守以下规定:
Strictly controlling the risks of listed companies in providing guaranty to any other party
严格控制上市公司的对外担保风险
Research on Guarantee Outward Accounting Information Disclosures of Listed Companies;
上市公司对外担保会计信息披露研究
DISCUSS ABOUT CORPORATE EXTERNAL GUARANTY FROM CORPORATE GOVERNANCE ASPECT;
从公司治理谈我国上市公司对外担保
and shall bear several and joint liabilities in accordance with the law for the losses caused from irregular or inappropriate provision of guaranty to any other party.
并对违规或失当的对外担保产生的损失依法承担连带责任。
On the Influence of Corporation s Regulations to It s Guarantee Ability;
试论公司章程对公司对外担保权的影响
carefully perform the obligation to disclose information on providing guaranty to any other party,
认真履行对外担保情况的信息披露义务,
Lawfully investigating the liabilities for irregular possession of funds and provision of guaranty to other parties
依法追究违规占用资金和对外担保行为的责任
To provide guarantee for external obligations without authorization and in violation of the relevant government regulations;and
违反国家有关规定,擅自提供对外担保的;
An Exploratory Study on Listed Companies Financial Risks Arising from External Guarantee and its Evasion;
试论上市公司对外担保的财务风险及规避
A Study on External Guarantee of Listed Firms and Risk of Shareholders Wealth;
上市公司对外担保与股东财富风险研究
ON ESTABLISHING AN INTERNAL ACCOUNTING CONTROL SYSTEM FOR LISTED CORPORATION S FINANCIAL GUARANTEE;
上市公司对外担保内部会计控制制度建设
New Provisions in the Companies Act Concerning the Guaranty Given by the Company;
《公司法》有关公司对外担保新规定的质疑
The Guarantee of Listed Companies:A Perspective of Ownership Structure;
上市公司对外担保行为的股权结构特征解析
Corporate External Guaranty and Financial Distress;
中国上市公司对外担保与财务困境研究
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