Asset Restructuring Performance Of The ST Class Company After The Share Reform

The restructing of ST companies are always be concerned in capital market and are studied by lots of researchers. After our country finish the reform of non-tradable shares,we can balance the benefit between the big shareholders and the small shareholders.After that we study the restructuring performance of ST companies from two aspects:market performance and financial performance.by the two methods, Aimed at evaluate such restructuring performance objectively and fairly and give some advise to Related parties.The article was mainly divided into four parts:The first chapters mainly stated purpose and significance of the research and the feasible of the methods.The second chapter mainly state the domestic and foreign theories of other countries.and the relevant laws of Special treatment system.The third chapter in this paper is the main body part, the overall design. Mainly includes research method, data sources and sample selection. Then, by choosing 39 ST companies which was restructured in 2007 as researching samples,using the incident analysis and financial analysis to study and test its performance, mainly concluded that as follows:the share price in the event the ST companies asset restructuring there exist certain excess profits;Companies restructuring that year have a good financial performance, but after that the ensuing decline;The running financial indicators in the companies improved. Then make some relevant policy suggestions to government in the end of this chapter. The fourth chapter is conclusive part, for full-text were summarized in this paper.