Empirical Research Of Asset Restructuring Performance Of Listed Companies In Xinjiang

In recent years, the asset restructuring activities of listed companies in Xinjiangbecome more frequent.Asset reorganization as an important means to realize therational allocation of social resources play a significant role in the sound developmentof the listed companies in Xinjiang. Asset restructuring as the stock market to reflectthe market efficiency, one of the most innovative dynamic, some listed companies inthe past few years, through several years of restructuring, the fundamentals are greatlyimproved financing capacity has also been improved, which listed companies andinvestment achieve a win-win. From a positive perspective, the sound development ofasset restructuring of listed companies has played a significant role. But somereorganization of assets, not in order to achieve the company bigger and stronger, butin order to whitewash the profits to avoid being delisted or special treatment, and theresulting adverse consequences will gradually appear.In this paper, to analyze the use of financial indicators of change in empiricalresearch on asset restructuring of listed companies in Xinjiang performance. Researchmethods and sample limitations, the paper first will be selected to meet the EmpiricalStudy of the conditions listed companies-Xinjiang Tianshan Textiles Co., Ltd. as aresearch object, its asset restructuring performance evaluation, compare before andafter the reorganization of the operating results to measure the asset restructuringactivities substantial performance. And then with the SPSS17.0of Listed Companiesin2007to over5million in restructuring scale listed companies as a sample, theprincipal component analysis.2007,18companies meet the above criteria, six ofthem for the equity transfer class,5class for asset stripping, five for the acquisition ofmergers class and two for asset replacement class. Comprehensive analysis: thereorganization of the performance of these four types of restructuring the way, thereplacement of assets of listed companies the best, followed by reorganization of the performance of the equity transfer class. The worst performance of asset restructuringwas to separate asset class, such a reorganization of the company's performance isworse in the end, and the acquisition of the merger and Restructuring the companydoes not happen too much performance change. From the overall sample, assetrestructuring activities is to improve the overall performance of listed companies inXinjiang.Finally, according to the conclusions put forward some suggestions, includingblind asset restructuring of listed companies in Xinjiang are quite serious, manycompanies just to improve the current situation, regardless of the long-term effect ofblind restructuring of assets, which finally led to the companythe performance is evenworse, so we must first correct recombinant motives. There is also a problem is thelack of strategic understanding of the reorganization of assets, during thereorganization of assets, most companies are only concerned about the form of, butdespise in real terms, it is clear that their purpose is not the company's long-termdevelopment, but in the short term to enhance the performance of listed companiesrealization of losses, security shell and placing the purpose of this company isrecommended before carrying out the reorganization of assets need to becomprehensive and profound consideration of the feasibility of the reorganization ofassets, analyze the problem from the perspective of long-term development strategy.This article consists of the following: the first chapter of the research background,to clarify the purpose and significance of this study, and thus defines the methods andcontent, but also on the total number of existing asset restructuring performanceresearch status; Chapter IIthe content of the basic theory about the performance oflisted companies in the reorganization of assets; the third chapter describes the statusand asset restructuring of listed companies in Xinjiang condition; fourth exampleTianshan textile asset Restructuring Performance of Listed Companies in theempirical analysis;is the focus of this article chapter in this chapter mainly analyzes the changes in the sample under different forms of assets restructuring activities thecompany's performance, and comparison between different types of. The last chapterof the asset restructuring of listed companies in Xinjiang and Xinjiang's economicdevelopment as an opportunity to restructure the corresponding recommendationsdesigned to safeguard and maintain the sustainable development of listed companiesin Xinjiang, and to promote the sustained and steady economic development inXinjiang region.