Comparative Of Listed Company's Capital System

The purpose of this paper is to study that the closely relation between the listed company and it's capital and to study the influence with the series of system of the listed corporation by it's capital. The method of this paper is comparison, comparing Chinese and foreign listed company, and comparing the listed corporation and normal corporation. Through this kind of comparison, I'll form a set of listed company's capital system .This paper is made up of five parts. The first part introducts the relation between the listed company it's capital, the basic viewpoint is: The demand of capital creatsthe listed company, all system and act of it is around the capital's instinctive-increment, and the listed company is capital company. In this part, firstly, I study the listed company's feature from the developments of the legislation and it's history, point out that the circulation of stock is the most important feature of the listed company. Then, I analyses the feature of capital, make it clear that pursuing increment is the innate quality of capital. So, the listed company's feature is able to satisfy capital's requirement. Therefore, the listed company is capital company, The basic viewpoint of this part can be expressed through Table 2. The second part is to study the listed company's capital system: The basic viewpoint is that the compromise authorized capital system is to suit the listed company's capital system of our country. The title of this paper is the listed company's capital system. But, because of long-term since the usual practice that forms, capital system is considered as fingering to decide the definite system of the 3 kinds of capitals such as statutorycapital system. But this viewpoint is too narrow, the capital system of company should be pointed at a system concerning company's capital. Therefore in this partial I'll study the narrow capital system. The listed company's capital system and the general company isn't distinguished very mach, including legal capital system, authorized capital system, compromise authorized capital system and so on. Combine our countries' listed company's feature, I think we should adopt compromise authorized capital system. The third part researches the formation and change of the listed company's capital, the formation of the listed company's capital has no obvious difference with the ordinary stock company; The sociality of the listed company's capital makes it adopt allotment of shares to increase capital, I also study it's shortcoming as well as I search it's advantage; t the circulation of the listed company's stock make it can carry out stock counter-purchase , the reasonability and counter-purchase system arrangement is the problem that I will solve at this place. The fourth part is to research the relation of the listed company's capital and the administration structure: Capital with administration structure is the two keys of company code, so they have close relation. Capital majority is the principle of company's decision, therefore, the one has power to make decisions who grasps more capital. So the distribution of the listed company's capital decide the administration condition, on the right of law, the equity structure decide the administration structure. The final part is conclusion. Since this paper is comparing research, so, conclusion is hard to be concentrated , this is a big reget of comparing research...