摘要
从表面来看,我国债转股实施过程中出现非债非股等问题是因为转股操作程序本身的倒置,但从深层次来看,由于国家所实施的债转股是一种政策性的资产处置方式,转股程序的倒置在某种意义上成为这一制度安排的一部分,其结果必然是处置规模扩大,而处置价格降低,表现为非债非股等一系列问题。这在一定程度上符合地方政府和企业的利益,但随着转轨的深入,其潜在风险也在不断增大。
The problems of non-debt or non-stock and others have been engendered during the practice of debt into stock.The superficial reason for them is the perversion of the procedure and the faultiness of the policy;but when taking into deep consideration,the conversion of debt into stock is a political disposition.Therefore,it is inevitable that the conversion has become a part of the system,and the result is that the scale is enlarged while the price of disposition is reduced,thus engendering a series of problems.Although it meets the needs of local governments and enterprises,its latent risk increases continually with the deepening of the transition.
出处
《大连理工大学学报（社会科学版）》
2005年第3期43-46,共4页
Journal of Dalian University of Technology(Social Sciences)
关键词
资产管理公司
债转股
非债非股
assets management companies
conversion of debt into stock
non-debt non-stock
作者简介
刘铮(1975-),女,陕西绥德人,西北大学经济管理学院博士研究生,现就职于审计署西安特派员办事处,主要从事金融发展研究;
何炼成(1928-),男,湖南浏阳人,西北大学经济管理学院教授,博士生导师,主要从事发展经济学研究.
