The Effect Of Industrial Transfer On Local Listed Companies’ Performance

This paper takes Anhui Province as an example, studies the effect of industrial transfer on loacal listed companies’performance. We first introduces industrial transfer situation in Anhui Province in recent years, and use factor analysis method to calculate Anhui’s listed companies’performance. Then, after analyzing the performance growth difference between Anhui and Jiangsu; Anhui and Hubei Province, we find Anhui companies’performance grow significantly higher than Jiangsu after industrial transfer. But Anhui and Jiangsu companies’performance have no significant differences. We think local listed companies’ performance is indeed benefit from industrial transfer. Also, through theoretical model and empirical analysis, we think technology upgrades, capital investment and human resources return promote the local economic rise. Then, we use Hefei economic and technological development area, Gree Company to do a case study to show industry transfer has positive effect on local economy and local company. Finally, we analyze the successful and imperfect points in Wanjiang City Belt when undertaking industrial transfer and other province can draw lessons from Anhui.