Share Reform Of Listed Companies After The Completion Of Acquisition Performance N

M & A Performance of listed companies has always been a hot topic of mergers and acquisitions, set up the time later because the Chinese capital, China's acquisition of listed companies at the initial stage, but as the Chinese stock market increasingly perfect and mature, the frequent occurrence of M & A activity, on M & A activities of listed companies also have their relevance and application value.China's capital market in 2005 launched a landmark split share structure reform, the end of 2007 almost complete. Tradable share reform has long been plagued from the system address the healthy development of capital market barriers, since then, no distinction between shares of listed companies tradable shares and non-tradable shares into tradable capital market era. Split share structure reform of listed companies in China the value of mergers and acquisitions to become the starting point.Split share structure reform of listed companies in China M & A impact is enormous, and this effect is not only reflected in the analysis in this paper on Mergers and Acquisitions, mergers and acquisitions pricing of payment. In theory, these effects will be directly related to the performance of listed companies.In this paper, empirical analysis methods, the use of accounting research method to the share reform of listed companies after the completion of the performance of acquisitions. In the empirical analysis of the 2007 A shares in Shanghai and Shenzhen in China M & A events occurred 63 listed companies for the study sample, study period was from 2006 to 2009, through the earnings per share, ROE, etc.9 financial indicators, the use of factor analysis of the split share reform of listed companies after the completion of acquisition of the changes before and after the performance. The results show that:share reform is completed, China's Listed Companies in general has made good financial performance, particularly in mergers and acquisitions that year performance to increasing Ti Gao, M & A year later, although by the international financial crisis, some performance Xia Hua, but still achieved good results, the combined results of the second-year commence the upgrading of a listed company mergers and acquisitions began to value-based acquisition Zhuanbian; You Yu Gufenbuzai distinguish Liu Tong Gu and Nonnegotiable Securities, shares for public companies M & A's of compensation methods listed companies through a public issue of shares or private placement of shares to buy assets such forms of mergers and acquisitions on compensation methods began to appear on the price of innovation and the acquisition payment.