Research On The Performance Of Taiji Industry Asset Reorganization

The state-owned enterprises play an important role in the national economy of our country,and are in the dominant position in the important fields and departments of the national economy.In the new round of state-owned enterprises reform,the restructuring and restructuring of enterprises in China is the focus of the reform of state-owned enterprises.Asset reorganization is considered to be an effective means for enterprises to make big and strong,integrate advantage resources,play complementary effects and improve their comprehensive competitiveness.Although the asset reorganization is greatly sought after,we still have to look at the asset reorganization of the enterprise rationally.Whether asset restructuring can improve the performance of enterprises,and bring long-term performance,whether shareholders can achieve financial value through asset restructuring,and what problems may exist in asset restructuring?Theoretical and practical research on performance and problems after asset restructuring is of great theoretical and practical significance for the preparation of assets reorganization companies.In this paper,the local state-owned enterprise Taiji industry as an example,the research on performance status using event study method and financial index method before and after the reorganization of assets,at the same time in order to compensate based on accounting income index without considering the defects of the cost of equity capital,combined with the EVA index based on four aspects of the evaluation index system,to analysis and evaluation of better and more comprehensive on the company's financial performance before and after the reorganization,the reorganization of assets to show that the development of Taiji industry has played a positive role,have a positive effect on the company's shareholders' wealth and financial performance to enhance the conclusion:I,Taiji industry performance effectively improved after the reorganization of assets.After the reorganization,the profitability index,the operational capability index and the growth capability index have been significantly improved,and the EVA is positive.The cumulative income of the shareholder's wealth is more than 0 in the event window after the restructuring,and the market is optimistic about the prospect of the restructuring of the Taiji industry.2,asset restructuring makes Taiji industry optimize the main business structure.After the reorganization of the assets,the enterprise expanded the scope of the main business,realized the diversification and increased the ability to resist risk.3,the combination of strong strength to realize the preservation and appreciation of state-owned assets.The synergistic effect was revealed after the reorganization.4,the restructuring of the Taiji industrial assets plays a demonstration role in the same kind of enterprises.