Research On The Overall Performance Of Large Mixed Ownership Enterprises

Mixed ownership economy in our country economy holds great part in the notice, due to historical reasons, Chinese mixed ownership enterprise reform basically adopt the mode of spin-off listed, for the enterprise to spin off listing has certain advantages, such as:lean business, allowing companies to focus on core business; By splitting the full value of the business, improve the company’s share price; Independence of the listed company into bond and stock market financing, an extension in the future for the company, at the same time, the listed company can reduce the dependence on the parent company; Independent of the listed company can also benefit from the listed parent company reputation and so on. But at the same time, spin off listing and there are many significant disadvantages, such as:small scale, poor competitiveness, especially when the original listing assets are no longer profitable assets, the listed company performance is unavoidably affected; Related party transactions, the enterprise the management development is heavily dependent on the big shareholder, hinder the development of listed companies, and easy to be big shareholder control statements, data distortion; Numbers are for large shareholders and the happening of the damage the interests of the listed company behavior created the conditions, especially in the equity division, under the background of large shareholders’ behavior is difficult to effective constraint. To solve these problems, in addition to the equity division reform, the overall listing is obviously important way.So, whether overall listing can eliminate originally existing trade competition and associated trade issues, and improve enterprise value deserve this paper to further discuss. In this situation, research on performance on overall listing has an important guiding significance on whether or how does the company undertake overall listing and the government how to regulate the overall listing behavior. This paper aims at providing guidance for the group company listed strategy development by judging the effect of overall listing in order to prevent the blindness of whole appears on the market and finding that insufficient in order to regulate the overall listing behavior.The first part is about the background and meanings of the study, including the description of the research contents, methods, innovations and shortages.The second part first analyses the causes of the overall listing, and then classifies patterns, and finally summarizes and classifies companies overall listing in the capital market of our country in recent years according to the mode, mergers and acquisitions party, and the changes of market share ratio of the controlling shareholder before and after overall listing, then selects the representative of the company as a window to understand China’s enterprise group listed economic consequences, through comparing the indexes such as the debt-paying ability, profitability and asset management efficiency and growth ability.The third part is the most important. This article through to the XX group as a whole post-IPO performance is analyzed, including the financial performance analysis, risk bearing ability analysis and the analysis of financing ability. It is concluded that the overall listing of the mixed ownership enterprise performance has a positive impact.Finally, in the conclusion part put forward some proposals to the management and the enterprise.