CAJ | 학술논문

在股改后的中国股市,全体股东利益都集中反映在上市公司的市值上,市值管理将成为上市公司的战略管理行为。当前我国上市公司已有开展市值管理的需要,全流通的实现和市场有效性的提高也为上市公司的市值管理提供了初步条件。具体的市值管理可从价值创造、价值实现和价值经营三个方面展开。市值管理要处理好这三个方面关系和其他一些问题。
재고개후적중국고시,전체고동이익도집중반영재상시공사적시치상,시치관리장성위상시공사적전략관리행위。당전아국상시공사이유개전시치관리적수요,전류통적실현화시장유효성적제고야위상시공사적시치관리제공료초보조건。구체적시치관리가종개치창조、개치실현화개치경영삼개방면전개。시치관리요처리호저삼개방면관계화기타일사문제。
On the background of accomplishment of shareholder structure reform,the interests of all shareholders are fully reflected in the market value of listed companies.Market value management will become strategic management practices of a listed company.There is a necessity of Market value management in China＇s current capital market.The accomplishment of shareholder structure reform and the improving of the market effectiveness provides the initial conditions of Market value management.The framework of market value management of Chinese listed companies based on three links of value creation,value operation and value realization.We must handle the relationship between these three areas and other questions