Research On The Impact Of Asset Stripping On Corporate Performance

In recent years,the complex and changeable economic environment has led to higher and higher requirements for corporate governance.Asset stripping has become a preferred way to improve business performance.Listed companies are using this method more frequently and their scale is gradually expanding.However,the research on asset stripping in China started late,and the theory is relatively immature,especially the impact of asset stripping on enterprise performance has not yet reached a unified conclusion.Therefore,this paper takes the divestiture behavior as the main research object,compares and analyzes the change trend of financial indicators and non-financial indicators,and USES it to judge how the divestiture affects the corporate performance,and draws a conclusion,and gives the Suggestions before and after the divestiture.In this paper,the case study method is used to carry out the research,and the event of SuNing commerce stripping PPTV is selected as the research case to summarize the research purpose,significance and research status at home and abroad of asset stripping as the starting point.In combination with the connotation of asset stripping and relevant theoretical basis(refocusing theoretical hypothesis,financing theoretical hypothesis,efficiency theory,optimal allocation of resources theory,and principal-agent theory),it lays a foundation for the following analysis.The process of the case is reviewed in a time-tabular manner,and the company,its structure and transaction motivation are understood.The author chooses the performance evaluation system with two dimensions of financial index and non-financial index to analyze the impact of asset stripping on enterprise performance.Observe the changing trend of profitability,debt paying ability,development ability and operating ability through the financial statement data of the enterprise,and analyze the impact of asset stripping on the company's financial performance;Selection of innovation ability,the strategic target,brand value and market share four aspects comparison before and after stripping on non-financial performance influence,the author according to the analysis conclusion and Suggestions,so that the public understanding of assets in the important role of enterprise development,and problems in the process of practical processing method is proposed.The research findings of this paper are as follows: first,asset stripping is helpful for enterprises to reposition strategic objectives,optimize industrial structure,and pay attention to industrial relevance.Second,asset stripping is conducive to optimizing the allocation of resources.The redistribution of human,material and financial resources optimizes the management structure of enterprises and improves the utilization rate of resources,so as to ensure the long-term and efficient operation of enterprises.Third,asset stripping can improve the short-term performance of enterprises,increase the amount of capital reserves,and thus improve the ability of enterprises to repay debts and make profits.