我国上市公司市值管理的必要性研究

伴随着股权分置改革的基本完成，中国的证券市场进入全流通时代，上市公司进行市值管理势在必行，其必要性主要体现在以下几个方面：市值管理从根本上促进了上市公司经营哲学和经营理念的深刻转变；市值管理为公司管理层提供了有效的市场激励和约束机制；市值管理是企业家贯通资本经营和产业经营思维，提高个人能力素质的必然选择；市值管理能很好地促进上市公司经营目标的转型；市值管理有利于增强上市公司自主创新能力，促进国家科技创新体系的建设；市值管理有利于更好地实现资本市场优化资源配置的功能。

On the Necessity of Market Value Management of China Listed Companies

With the completion of state share sale reform, China＇s securities market enters into full circulation times. The market value management of listed companies is imperative in the following aspects ： 1） it promotes radically the fundamental change of operating philosophy of listed companies ; 2） it provides an effective incentive and restraint market mechanisms for companies; 3） it helps enterprisers to know better of capital management and industrial operation, and also to improve the ability of individuals; 4） it stimulates the transition of the business objectives ; 5） it enhances the capability of independent innovation so as to advance the national scientific and technological innovation system; 6） it is conducive to optimize the resource allocation in capital market.