Research On The Performance Of Enterprise Overall Listing From The Perspective Of Resource Allocation

In the 1990 s,due to various restrictions on my country’s capital market,many companies chose to split and list,but after a period of time,the split began to expose various problems.Therefore,my country began to encourage state-owned enterprises to implement overall listing.Daye Special Steel Due to the national policy and the motivation of reducing horizontal competition and related transactions,the company reversely purchased the unlisted special steel business sector within the group through private placement of shares and issuing cash consideration,making the special steel business within the group complete the overall listing.,the company also changed its name to CITIC Special Steel.In the analysis part,the article clarifies the analysis path of enterprise performance from the perspective of resource allocation by reading and sorting out the literature of predecessors: analysis from two perspectives: micro and macro.The article first summarizes a series of specific resource allocation methods in the overall listing process of Daye Special Steel from the microscopic level: such as integrating business segments,building a whole industry chain,integrating scientific research teams,etc.,and analyzes the effect of their allocation;Starting from the macro level,the AR and CAR are calculated by the event research method after the company releases the overall listing announcement,so as to observe the attitude of investors in the market towards the overall listing of the company,and it is found that the market has given a relatively positive response to this;finally,the same From the macro level,the paper constructs a performance prism model,starting from five aspects: stakeholder satisfaction and contribution,business process,organizational capability and strategy of the enterprise,and selects representative financial indicators and non-financial indicators such as EVA Evaluation indicators,labor productivity and remuneration,government subsidies and social responsibility,brand value,etc.,analyze the compound effect of resource allocation measures in the overall listing of enterprises,and find that most of the performance of enterprises shows positive changes,and a few maintain the original level..Finally,the conclusion is drawn: from the perspective of resource allocation,the overall listing of enterprises has a positive impact on performance.In addition,at the end of the article,it provides other relevant companies that have not implemented overall listing.Reference suggestions.