Research on Asset Restructuring of Chinese Listed Companies

Author: Chen Huiqin
Publisher:
Publish Date: 2005-05-01
Features: The content of this book is divided into seven chapters.
Chapter 1: Introduction. It first introduces the broad and narrow definitions of asset restructuring, then discusses the motivations behind asset restructuring and reviews the five waves of Western mergers and acquisitions and their characteristics. This chapter emphasizes that the primary motivations and purposes of asset restructuring lie in the need for economic globalization, pursuing economies of scale and scope, saving transaction costs, seeking market power, maximizing managerial utility, government regulation, and tax evasion.
Chapter 2: Types of Asset Restructuring and Their Economic Significance. From an industry perspective, restructuring can be categorized into horizontal, vertical, and mixed restructuring.
Chapter 3: Antimerger Measures. With mergers come antimerger actions, especially for hostile acquirers, defense and countermeasures are necessary. This chapter elaborates on the basic principles and advantages and disadvantages of various antimerger methods.
Chapter 4: Overview of Asset Restructuring in China. It discusses the main motivations, historical evolution, specific types, and models of asset restructuring in China.
Chapter 5: Empirical Analysis of the Distribution Characteristics of Asset Restructuring among Chinese Listed Companies. It describes the distribution characteristics of asset restructuring among Chinese listed companies.
Chapter 6: Static Comparative Analysis of Asset Restructuring Performance. It focuses on a horizontal static comparison analysis of the differences between restructured and non-restructured enterprises.
Chapter 7: Dynamic Analysis of Asset Restructuring Performance. It focuses on a longitudinal dynamic comparative analysis of restructuring performance to observe whether restructuring truly enhances corporate efficiency.