An Empirical Research On Performance Of Assets Restructuring Of Listed Company In Zhejiang Province

Earlier in the American's industrial development, Asset restructuring start to occurrence. Then in the 19th century, 60 years, Asset restructuring begun to show a feature of systemic and scale. As we know ,it has undergone quintic asset restructuring wave. In the China, asset restructuring begun later, but developed rapidly. Presently, asset restructuring of listed companies has reached a considerable scale. Yet we do not reach a consensus weather asset restructuring improves business performance. So as to provide guidance on strategy formulation and implementation , also a new idea in the China-related empirical studies ,We carry out an empirical research to the performance of asset restructuring of listed companies in Zhejiang province .The paper first summarize and analyze the former research fruits according to the Market Performance and Market Performance.Then clarify the purpose and significance of the paper. Immediately, we introduce the assets restructuring situations of listed companies in Zhejiang Province. Once again,the paper adopt two methods which are empirical research method and descriptive statistical analysis method. From two aspects of performance of asset restructuring,we carry out the Empirical performance.Studies have shown that: From a point of view of market performance, Asset restructuring is indeed caused an increase in shareholder wealth. In the different type of asset restructuring, the extent of the increase in shareholder wealth is different. The Market reaction of Asset Replacement is best , the Market reaction of Equity Transfer and M&A is ordinary . From a point of view of business performance,it is obvious that asset restructuring can improve Business performance.Finally, the paper makes a conclusion according to the research above, then puts forward some corresponding policies and suggestions of standarding its behavior and raising its performance from listed companies, agencies and government regulation, and makes a prospect of the future development.