Research On Motivation And Performance Of Corporate Assets Reorganization

Asset reorganization has always been an important topic for theoretical research by experts and scholars.In the increasingly fierce market competition environment of modern society,Chinese enterprises must put forward higher requirements in the market's competitiveness,profitability and growth ability.How can Chinese enterprises use capital more efficiently and how to tap their own advantages?Therefore,the important issue of seeking for more long-term development of the enterprise itself is placed in front of various companies.In this way,asset restructuring has become the preferred method for many companies to tap their own advantages and seek their own development.On the one hand,This is because the reorganization of assets can help enterprises rationally optimize the economic structure and allocate resources so that enterprises can better use their own advantages and rejuvenate.On the other hand,from a national perspective,asset reorganization can concentrate state-owned capital in the most critical areas and important industries,making the layout of the state-owned economy more scientific and rational,and boosting some companies with capital and strength to become international.Competitive large corporations can also occupy a place in fierce international competition.The main body of asset restructuring has also gradually evolved from a single state-owned enterprise to state-owned enterprises,private enterprises,and foreign-funded enterprises.The means of corporate restructuring are also more diverse.Of course,there are indeed many problems in the process of reorganization in its practical application,but its positive significance for the economic development of our country is unshakable.Shandong Heibao Corporation,as the first listed company in China's agricultural vehicle industry,can be said to have unlimited scenery at the beginning of the listing.However,since the listing of Shandong Heibao Corporation in 1996,it has undergone three restructurings.The latest restructuring has just been completed in recent months.The current name of the company has also been changed to AVIC Shenyang Aircraft Company Limited.This can not help but arouse the author's curiosity.What caused the reorganization of a company that had once been so brilliant?What is its motivation for reorganization?Is there any connection between the various reorganizations?From behind this series of restructuring can give us any suggestions and enlightenment.This article mainly adopts literature research method,case analysis method,event study method and financial index analysis method to study a series of reorganizations of Shenyang aircraft Company.First of all,this article defines the concept of asset reorganization and related theories on the basis of previous research by scholars,and introduces the currently accepted theory of asset reorganization.Secondly,Under the guidance of the motivation theory,reorganization model theory and influencing factors theory of asset reorganization,the previous asset reorganization of Avic Shenyang Aircraft Company Limited has been deeply studied.This article studies the basic situation of the company,the history of the three reorganizations,the background of restructuring,and the financial performance before and after restructuring.The article seeks to analyze the causes of previous reorganizations,analyzes the purpose and ultimate goal of the company's repeated reorganizations,and whether there are corresponding links between several reorganizations.This brings inspiration and insight to other companies that also want to change their fate through restructuring.The innovation of this paper is to start with the latest reorganization case and analyze the reorganization activities of a company.This is relatively rare in previous studies.After the repeated restructuring of Avic Shenyang Aircraft Company Limited,the major motives for the various restructurings may not be the same.However,its main purpose is to enhance the performance,increase the strength of listed companies,and achieve corporate profits.Behind repeated restructuring,it also inspired other companies to pay attention to the feasibility of restructuring programs and the integration after reorganization.From the point of view of enterprise development,it is important to warn other companies that they must seize opportunities and establish correct enterprise development strategies.In particular,they must focus on improving their own core competitiveness and government policy guidelines.