Research Of The Impact Of Overall Listing On Corporate Performance

The overall listing refers to the process in which the group company achieves the listing of all or part of the parent company's assets through a series of operations such as asset replacement and absorption merger through its controlling listed subsidiary.It is a common means for Chinese enterprises to expand their financing platforms and introduce strategic investors;it is also an important way for companies to optimize their ownership structures.Therefore,the overall listing has been the focus of Chinese capital market for a long time.With the continuous growth of Chinese capital market,the operation of overall listing has gradually matured,but there are still some problems,such as the unfavorable integration of resources,the unbalance of the interests of shareholders and so on.In this context,this article selects Shuanghui Group as a case,and analyzes in detail the entire overall listing process through its listed subsidiary,Shuanghui Investment and Development Company Limited,and conducts an in-depth study about the influences of the overall listing on the performance of Shuanghui Group.First of all,this article elaborates the background of the research and reviews the three stages of the development of the overall listing in Chinese capital market.Then it analyzes the relevant literature at home and abroad,and summarizes the research on the motivations,models,and impacts of the performance on the overall listing of companies,to establish a theoretical framework for this article.It also describes the specific background of the overall listing of Shuanghui Group,including the profile of related parties,the reasons for the listing,the specific process and the final choice on the model.Based on this,it analyzes in detail the influence of the overall listing on the market performance,financial performance and the impact of EVA of Shuanghui Group.The research in this paper shows that the overall listing has a positive effect on the performance of Shuanghui Group.The overall listing not only allows the Shuanghui Group to emerge from the "3.l5" event and the inflation crises,but also improves corporate governance and their own competitiveness.At the end of the thesis,this article summarizes the case of Shuanghui Group and puts forward some suggestions.It hopes to provide some references for the groups which are pursuing overall listing.