Research On Bogus Reorganization Recognition Of Longwi Media Acquisition Of The Culture Of The World

The bogus reorganization refers to the listed company and the acquirer in the merger and reorganization of the listed company,through the announcement of false information,misleading investors in order to push up the company's stock price,and finally in the company's high stock prices to reduce profits,because in the false reorganization of information asymmetry in the situation,the false reorganization of the prior identification is often more difficult,This paper,using the classical theory of information asymmetry--signal theory,identifies the classic false reorganization case of LONGWI media acquisition of million-home culture from the perspective of signal theory,and concludes some conclusions and suggestions.First of all,based on the definition of false reorganization,this paper defines the relationship between false recombination and signal theory,combining with the related hypotheses of signal theory.Secondly,from the perspective of signal theory,this paper combs the concrete process of the case,signal Longwi media and million culture through the reorganization of the announcement issued a positive signal by the signal receiver(small investors and regulators)received by the regulator of the signal identified after the acquisition of suspicious signals,Then the signal issued by the signal to give feedback,so that Longwi media and million culture had to send a follow-up signal,and the subsequent signal in the presence of obvious false information,which eventually led to the reorganization failure and was investigated as a false reorganization.Thirdly,from the angle of signal theory,this paper analyzes and identifies the important signals in the false reorganization in detail,and finds that the degree of signal recognition for different signal receivers is not the same,and the small investors often can't identify some false signals in the false reorganization effectively.The regulator can identify the false reorganization effectively through its own professional advantages,so as to have a simple judgment on the false reorganization,in particular,through the false reorganization of the reorganization of the motive signal,financial indicators,the reorganization of trading signals,such as the more important signals to identify,The false reorganization can be identified by a credible judgment result.Finally,based on the various subjects of the false reorganization,this paper examines the economic consequences of the false reorganization,and finds that the false reorganization has different degrees of negative effects on the various subjects,at the same time,it puts forward some conclusions and suggestions with the popularization significance aiming at the status of the false reorganization recognition and supervision.Through the above research and analysis,this paper sums up some analytical methods to identify false recombination from the angle of signal theory,and puts forward some pertinence opinions on the identification and supervision of false reorganization,in order to play a certain role in the recognition and supervision of false reorganization theoretically.