提高債轉(zhuǎn)股在化解中國(guó)不良資產(chǎn)中的作用效率.pdf

1、復(fù)旦大學(xué)碩士學(xué)位論文提高債轉(zhuǎn)股在化解中國(guó)不良資產(chǎn)中的作用效率姓名：張?zhí)怪猩暾?qǐng)學(xué)位級(jí)別：碩士專(zhuān)業(yè)：金融學(xué)指導(dǎo)教師：唐朱昌2002.4.13AbstractThedebtforequityswap(DES)isacurrentimportanteconomicmeasureaimedatgettingridoffinancialrisk，reducingenterprises’liabilityandfinancialexpenseThro

2、ughtheoreticalanalysiscombiningwithforeignpractice，thewriterpointsoutthattheriskscausedbyDESareprobablyfarmorethanthebenefitsThus，theuseofDESswapshouldbelimitedThethesisfirstlyintroducesthepredicamentofstateownedenterpri

3、ses(SOEs)andthecausesofthedebtThewriterpointsOutthatthewidespreadofoverleverageandnonperformingloanshasgreatlydeterioratedthesecurityoffinancialinstitutionsAndDESisanimportantmeasuretelievetheSOEsfromthejamsofthehugedebt

4、sandthenonperformingloansofstate—ownedcommercialbanksThesecondchapterfocusesonthetheoreticalanalysisofDESFirstly，thewritedemonstratestherationalityoftheDESfromtheangleofEconomicsThenhediscussesthebenefitsandrisksthatDESm

5、aybetaketousThethirdchapterchoosesthreedifferentcountriestomtroducetheexperiencesofDESonaglobalscaleThesecountriesareUSAthatboaststhematuremarketeconomy，PolandthatexperiencedthetransformationofeconomyandKoreawhosegovernm

6、entoverinterferesintheeconomyThewriterconcludesthatDESisnotthemainmeasurefortheenterprises’debtrestructuringthroughinternationalexperiencesTheadoptionofDESplanisprobablyfromthethoughtthattheplanwithlessharmmaybethebetter

7、choiceThesuccessfulDEScasemustpaysignificantrespecttothecreditors’interestsThefourthchapterdiscussestheDEScaseofMeishanCoLtdandevaluatetheDESinsolvingthequestionofnonperformingassetsThoughDEShassomeeffectsinreducingenter

8、prises’financialexpense，itmustbecombinedwithothermeasurestogetmoreeffectiveresultFinally，withtheanalysisofthepreviouschapters，thewritergivesseveralgoodsuggestionsontheimprovementofDESforChineseenterprisesHopethewrite’Swo