A Case Study On The Judgment Method Of Bankruptcy And Reorganization Of Listed Companies

Bankruptcy reorganization is to make the enterprises which still have the value to save themselves in legal system. Since the implementation of the reorganization system in 2007, our country has 54 companies for bankruptcy reorganization, ending differently. Some listed companies received healthy continuous operating results after the reorganization, some listed companies are still facing the delisting. Reforming process to produce all kinds of artificial cost, management cost, and the new creditor’s rights of common benefit is a kind of cost consumption. If restructuring is not successful, it would only make debt worse. Not every company that facing bankruptcy is fit for restructuring and has restructuring value. Therefore, you should have a set of processes and methods to a certain value judgment of bankrupt companies, whether it has restructuring value.This paper summarizes the influence factors of affecting different stakeholders’ judgment method by considering the interests. Combined with the economics and financial management aspects of the measurement method, the paper reforms the value judgment method of the specific analysis, refining and design to different body.At the same time, the paper designs a value flow chart for the design value flow chart for reforming evaluation methods for whole comb, sorting out the different reforming value judgment results. Since each party in the reorganization has different value defining perspectives, different stakeholders will affect final reorganization value judgment result. Through to the real process of bankruptcy reorganization cases, data analysis and evaluation, combined with theoretical research, this paper determines the applicability and feasibility of the processes and methods, so as to regulate the behavior of bankruptcy reorganization of listed companies, save social resources, to promote the healthy and ordered development of capital market.