English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113656/144643 (79%)
Visitors : 51713834      Online Users : 749
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/153775


    Title: 我國引進特殊目的收購公司之可行性研究
    A Study on the Potential Introduction of Special Purpose Acquisition Companies into Taiwan
    Authors: 陳盈如
    Chen, Ying-Ju
    Contributors: 政大法學評論
    Keywords: 特殊目的收購公司;反向併購;初次發行;借殼上市;承銷商;資訊揭露;發起人;利益衝突;企業併購;目標公司
    SPAC;Reverse Mergers;IPO;Reverse Takeover;Securities Underwriter;Information Disclosure;Sponsor;Conflict of Interest;Mergers and Acquisitions;PIPEs;Target Company
    Date: 2024-06
    Issue Date: 2024-09-12 14:27:50 (UTC+8)
    Abstract: 在疫情時期蓬勃發展，各國紛紛引進特殊目的收購公司（SPAC）上市制度，我國主管機關對於SPAC的態度相比之下則較為保留，其理由主要為憂心監管套利、無專業人士把關以及資訊不實等問題可能侵害投資人權益，然在我國實務上則接受資訊相對更不透明之反向併購借殼上市。因此本文擬藉由比較初次上市、反向併購以及SPAC借殼上市制度，以分析SPAC上市制度對投資人保護上不足之處。此外，針對主管機關之憂慮，本文將探討美國證券主管機關所提出之最新SPAC監管法規，以及新加坡和香港在2021年與2022年引進SPAC上市制度之規範做一比較分析，探討我國是否得借鑑各國之監管規範，就投資人保護不完善之處，在適當法規配套措施下，引進SPAC制度是否具可行性。如此一來，或可使我國資本市場更有吸引力。
    While SPACs have become increasingly common around the world during the pandemic, Taiwan’s Financial Supervisory Commission has maintained a conservative stance towards them. The main reasons for this conservatism are concerns over regulatory arbitrage, a lack of sufficient professional gatekeepers, and the potential for misleading information that could infringe on investors’rights and interests. However, these issues are not uncommon in reverse mergers, which are accepted in Taiwan.
    Therefore, this article aims to compare initial public offerings (IPOs), reverse mergers, and SPACs. It also explores the similarities and differences among various company listing channels. By doing so, we can better understand whether SPACs are at a disadvantage in terms of investor protection compared to other listing channels.
    In addition, this article introduces the latest SPAC regulations enacted by the U.S. SEC, as well as the new SPAC listing rules of Singapore and Hong Kong from 2021 and 2022. These can serve as references for Taiwan when considering the enactment of SPAC-related laws and regulations in the future. With appropriate regulatory and supporting measures, SPACs could enhance the attractiveness of Taiwan’s capital market.
    Relation: 政大法學評論, 177, 345-445
    Data Type: article
    DOI 連結: https://dx.doi.org/10.53106/102398202024060177005
    DOI: 10.53106/102398202024060177005
    Appears in Collections:[政大法學評論 TSSCI] 期刊論文
    [法學院] 期刊論文

    Files in This Item:

    File SizeFormat
    177-5.pdf2904KbAdobe PDF42View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback