Analysis of Performance of Listed Company Asset Restructuring

Author: China Business Press
Publisher:
Publish Date: 2001-01-01
Features: This book summarizes, evaluates, and synthesizes the theoretical system and historical origins of asset restructuring. It draws on the reasonable core of international asset restructuring theory and practice to construct a theoretical foundation structure system for corporate restructuring in new institutional economics, including industrial organization structure and dynamic equilibrium theory, as well as the efficient market theory and capital asset pricing theory of capital markets. Based on normative analysis, it combines the practice of asset restructuring of listed companies in China to conduct extensive empirical analysis on the performance of asset restructuring, covering the financial performance of listed companies after restructuring and the performance of the secondary market. It also provides an in-depth exploration of special forms of asset restructuring—such as the reduction of state-owned capital, management shareholding, and debt-to-equity swaps—and summarizes the patterns of asset restructuring for listed companies in China, offering high reference value for practical operations. The book conducts in-depth normative and empirical analysis on current hot topics in the capital market and proposes relevant policy and practical operational recommendations. Based on the above normative and empirical analyses, it establishes an operational model suitable for asset restructuring of listed companies in China, covering the formulation of asset restructuring strategies, the decision-making of asset restructuring risks, and the operational models of asset restructuring.