上市公司资产重组的动因及绩效

随着大量重组事件的涌现，资产重组作为调整国有经济布局的一种重要方式，引起了社会各界的广泛关注和深入研究。大量文献就资产重组理论，重组动因，重组绩效以及它们之间的相互关系进行了研究，但重组动及重组绩效之间的关系却是资产重组研究方面的一个空白。选取1999年深市A股市场中发生过资产重组的公司作为研究对象，对其重组动因进行分类，并选取重组前后的部分财务数据从偿债能力，资产周转能力，主营业务鲜明状况和主营业务赢利能力等方面对重组绩效进行实证研究，然后结合重组动因进行分析以找出重组动因与重组绩效之间的关系。

Research on the Relation between Motives and Performance of Reconstruction of Listed Companies in China

More and more reconstruction events happened in China, it becomes a hot point. Lots of literatures are about reconstruction theory, reconstruction motives, reconstruction modes, reconstruction performance, but no one is a bout the relation between reconstruction motives and its performance. This paper takes those companies in Shenzhen Exchange reconstructed in 1999 as study samples, groups them on its reconstruction motive and analyzes their reconstruction performance by financial data before and after reconstruction. It is pointed out that the relation between reconstruction motives and performance.