The Analysis Of Drive And Wealth Effect Of The Assets Stripping Of Chalco

With the development of the socialist market economy and improvement of China's accession to the WTO and the acceleration of world economic integration,affects and restricts the survival and development of state-owned enterprises deep-seated problems become more and more prominent,which makes our country state-owned enterprise is faced with great survival pressure and the development of the severe challenge.Asset stripping is expanding capital operation and m&a company relative to a way of operation,both equally important to the healthy development of an enterprise.As a way of contractility of working capital,asset stripping along with the development of the western developed countries five merger and acquisition(m&a)activity,also has caused the western finance theory researchers and the attention of the practice and research.This particular form of restructuring in the reconfiguration of the market economy resources,adjust industrial structure,revitalize the stock of assets has irreplaceable advantages.Stripping assets of state-owned enterprises and to deepen the internal reform of enterprises,transform management mechanism,is advantageous to the enterprise development,is conducive to the value of state-owned assets.This article briefly summarized in combing theory related literature at home and abroad and divestitures practice based on the development situation at home and abroad,respectively from the refocusing strategy,financing theory hypothesis,the optimal allocation of resources,the principal-agent theory and efficiency stripping performance as an important theory in this paper,we study the sources of support.In China aluminium co.,LTD.(hereinafter referred to as the "chinalco")as an example,using case analysis,comparative study,the method of literature research and inductive analysis and so on,to measure the performance of assets from two aspects,namely the assets of financial performance,market performance and assets respectively reflect the influence of the assets of the company stock price and the effects on business performance.Then,the aluminum industry continued to be in the balance between supply and demand,intensified market competition and the actual situation of China Aluminum,the state-owned enterprises to divest the assets of the causes,principles,from corporate profitability,solvency,development,Ability to analyze the impact of asset divestiture on the financial performance of state-owned enterprises,and put forward the inspiration for the divestiture of assets,not only let the people understand the important role of asset divestiture for enterprise development,but also some of the problems in this process Practical approach.It is helpful to ensure the high efficiency of the divestiture of the state-owned enterprises,so as to provide a legitimate idea and useful for the state-owned enterprises that are planning to divest the assets or the reform of the state-owned enterprises in our country at present and analyze the problems encountered by the enterprises in the process of divestiture experience.As assets to the rising number of cases,at the same time also will appear with memory problems.Aluminium assets in China based on case analyzes the reason of assets,analyzes the effect of financial and market performance,put forward some Suggestions.But this is a single case study,inevitably there will be some of the particularity of this case,so difficult to form a universally valid conclusions.Hope this research can provide a beneficial reference to the listed company's assets.