Empirical Research On Performance Of Transfer Control In Listed Companies

One of the important features of the modern corporation is its shareholders through from the capital markets and trading company stocks continuing replacement, the corresponding control of shares will be with the flow and metastasis. Most of listed companies'mergers and acquisitions is control acquisition, through control the status of the stock acquisition so as to obtain control right of the company position. In recent years, China's capital market had occured a large number of merger and reorganization, and the yearly increase in momentum. Listed companies control over the transfer is becoming more and more frequent. Transferring of control over mergers and acquisitions has become important behavioral groups of listed companies. This in-depth study of listed companies the right to transfer control long enough after the performance tracking, truly reflect listed companies'the efficiency of transferring control, and it can takes practical significance for both sides of controlling- tansfer and policy provider.This paper takes listed companies which had occurred transferring-control behavior in 2003 as samples. It integrated performance evaluation scores model on the basis of building up control over the transfer and the transfer of control theory and research from home and abroad. Using SPSS13.0 data processing system software to transfer occurred control of listed companies and use fifteen finance indicators to compare the performance before and after the transfer of control, each of a company's overall score so as to test the transfer of control of the performance. The paper sample mean descriptive statistical analysis and T test samples and the overall classification of the samples before and after the transfer of controling over the value of comprehensive evaluation comparative analysis, and finaly reached the empirical conclusion and recommendations for countermeasures.