作　　者： (余德厚）; (程进飞）;

机构地区： 海南省高级人民法院研究室,海南海口570206

出　　处： 《湖南工程学院学报（社会科学版）》 2017年第3期86-91,共6页

摘　　要： 在"去杠杆"的背景下讨论"名股实债"具有现实意义,但首先需要认识到"名股实债"的性质如何认定,区分的标准如何把握。从会计税务和法律两个角度分别分析"名股实债",进而通过一则判例和一份最高人民法院的民事裁定书,分析在何种情况下"名股实债"是股权投资,何种情况下又应该认定为债权投资,然后分析"名股实债"的法律效力以及在实际运用中可能存在的法律风险。 The review of debt-guaranteed equity investment has realistic meaning under the background of deleveraging. First of all, we should get to know the nature of debt-guaranteed equity investment and the standard to distinguish equity investment from debt investment. The debt-guaranteed equity investment is analyzed from tax and law in this paper. Then through the analysis of a case and a civil ruling of Supreme People＇s Court, the situations where the debt-guaranteed equity investment will be identified as equity in- vestment or debt investment are discussed. Lastly the legal validity and legal risk of debt-guaranteed equity investment in practice are also discussed.

关 键 词： 去杠杆 名股实债 性质 法律风险