CAJ | 학술논문

在市场体制逐步健全、政策法规日趋成熟、“军民融合”不断深入的新形势下，军工企业利用资本市场进行上市融资的趋势日益凸显。本文首先结合我国中小企业股权融资方式，梳理了军工企业常用的股权融资方式，并重点介绍了上市融资的必要性；然后对我国军工企业上市融资现状及存在问题进行深入分析；最后基于军工集团自身特点及外部环境，提出了相应的对策建议。
재시장체제축보건전、정책법규일추성숙、“군민융합”불단심입적신형세하，군공기업이용자본시장진행상시융자적추세일익철현。본문수선결합아국중소기업고권융자방식，소리료군공기업상용적고권융자방식，병중점개소료상시융자적필요성；연후대아국군공기업상시융자현상급존재문제진행심입분석；최후기우군공집단자신특점급외부배경，제출료상응적대책건의。
The trend that Military enterprises carry out public financing in the capital market has become increasingly prominent, under the new situation of market system gradually improved, policies and regulations gradually matured, civil-military integration continuous deepening. Firstly, this paper reviews the equity financing ways used commonly by military enterprises, combining of equity financing ways used by SMEs in China, and focuses on the necessity of public financing; then conducts in-depth analysis of the present situation and existing problems that China＇s military enterprises＇ public financing has; finally, proposes the corresponding countermeasures and suggestions based on the military industrial groups＇ own characteristics and external environment.