A Study On The Performance Evalution Of The Holostic Listed

So far,more than 100 companies have successfully achieved holistic listing in China.With the completion of the equity division reform,the holistic listing started in China's capital market.Since 2003,the State Council and the Securities Regulatory Commission have introduced relevant policies to encourage the company to improve the corporate governance structure and improve the company's performance through the holistic listing.It will provide an important strategic position for supporting and encouraging the holistic listing of companies.Against this backdrop,the phenomenon of “split listing” that is widespread in China has gradually attracted the attention of the policy community and related reform programs have been introduced.Scholars' research on the holistic listing has also continued to develop along with the holistic listing in-depth.However,how does the company's performance after the listing of the company in the end result in a positive effect on the company's performance and bring wealth to shareholders and investors? Whether the choice of different holistic listing models has an impact on the performance of the company has an impact on what aspects of performance.Based on the theoretical research of holistic listing,this paper analyzes the relationship between holistic listing and corporate performance by analyzing the reasons for the holistic listing,the classification of the holistic listing model,and the characteristics and application scope of the holistic listing of different models.Based on this,the hypothesis of this paper is proposed.A sample of 168 companies listed in the holistic listing period between 2004 and2015 was selected to conduct an empirical study on the holistic market performance evaluation of companies and the influencing factors of their holistic listing performance.Finally,based on the results of data analysis,the conclusions of this paper were drawn.The research results show that the holistic listing has a significant role in the promotion of corporate performance.The holistic listing can indeed promote the growth of corporate performance.In the holistic listing model,the issuance model and the swap-and-buy merger model have a significant positive effect on corporate performance;holistic listing The ownership structure has a certain influence.In conjunction with the conclusions,corresponding policy recommendations are proposed to promote the effective implementation of the holistic listing policy of enterprises and improve the efficiency of capital allocation.