Empirical Research On The Performance Of Asset Reorganization Of Listed Companies

With the adjustment of industrial structure in China, listed company carries on the asset reorganization in succession in order to improve company performance by integrating own resources. There is no consistent opinion among academic community about whether the performance can be improved by asset reorganization. And, it provides a new way about the similar empirical analysis.This paper will review the theory of asset reorganization and the restrict factor of listed companies in China. Above all, we will summarize and analyze the former research fruits according to the performance of asset reorganization and its affect factor.Secondly, we clarify the motive and significance of this study and define its topic by analyzing the current internal and external situation of the performance of asset organization of listed companies.Thirdly, we introduce the theory both the asset reorganization and performance of the theory; and we analyze the performance of asset reorganization and the restrict factors of it.Through the research, we can see that the behavior of asset reorganization of listed companies hasn't improved the performance of listed companies in fact. We can also see that the changing of the first majority shareholder and the mode of reorganization are main factors impacting the performance of asset reorganization, while, the impact to the performance from affiliate transaction is significant. At last, it advances several suggestions to the research conclusion according to practice of asset reorganization of listed companies in China.