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时间:2017-11-13
《经济学国际贸易毕业论文 欧美国家创业板市场兴衰对于中国创业板市场的启示》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、湖南师范大学本科毕业论文考籍号:XXXXXXXXX姓名:XXX专业:经济学国际贸易论文题目:欧美国家创业板市场兴衰对于中国创业板市场的启示指导老师:XXX二〇一一年十二月十日 摘要:本文从创业板市场的基本概念入手,在分析其性质与特点的基础之上,了解并研究美国二板市场的诞生与发展,分析美国创业板市场的兴衰历史,并适当探究其原因。通过对过去的总结,我们可以发现哪些问题应该值得深思。然后回到国内,在分析了其出台背景以及进行一些经济分析以后,将对国内外的二板市场加以比较分析,重在扬长避短。最后,针对前文
2、做出的比较分析,本文将对国内GEM的建设提出建议,并对中国二板市场的前景做出展望。 关键词:宝石在美国及欧洲操作系统市场风险 ⅠTheOverviewofGEM ⅰCharacteristicsofTheGrowthEnterpriseMarket(GEM)inChina InGEMChina,themostnotablecharacteristicisthelowlistingfinancialthreshold.Duetodifferentmarketposition,compar
3、ingtotheMain-BoardMarket,GEMstillhasthefollowingcharacteristics. Figure1ComparisonsoflistingconditionsinSMEsinGEM ⅡPracticeApocalypseofGEMinUSEuropemarket ⅰNASDAQ Feb.8thin1971,NASDAQformallystartedasanintangibleelectronicnetworkmarketandwasrecogn
4、izedasthecradleofhigh-techenterprisegrowth.UntiltheendofOctoberin2007,3075companieslistedinNASDAQ.Thetotalvalueofstocksattained$4389.6billion. 1.BroadMarketOrientationofNASDAQ Figure3 2.Multi-levelorganizationstructuresetsoflistingstandardsofNASD
5、AQ Figure2-2Leveltransitionissuitabletodifferentsituationsenterprise’sstocktrading Althoughonthesamelevel,NASDAQalsohasdifferentlistingstandardsfordifferenttypesofcompanies.NASDAQhas3listingstandards,companieswhichneedtomeetonlyonestandardcanbelis
6、ted,anumberofemerginghigh-techenterprisesuccessfullytoraisefunds,alargenumberofsmallbusinessesstandoutthroughlistinginNASDAQandbecomenewindustrytycoons,eg,microsoft. 3.TheMixedTradingSystemofNASDAQ In1997,NASDAQimplementednewOrderHandlingRuleswhichi
7、sissuedbySEC.OHRreform.Throughtheintroductionofnewinstructionprocessingrulesandnewmarketparticipants,uniquemixedtradingsystemwhichhasbothmeritstomarketmakersystemandBiddingsystem. ⅱAlternativeInvestmentMarket(abb.AIM) AIMgrowssteadilysincefounded,th
8、etradingisactive.Especiallysince2003,theturnoversofAIMwerecontinuouslyenlargedandreached1216billionpoundsin2006.Theturnoverswere60timesbiggerthantheyin1996whichwere20billionpounds. 1.Stronginclusivenessmarketposition AIMisstronginclusiveness
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