【作者】 席俊峰；

【导师】 许长新；

【作者基本信息】 河海大学 ， 国民经济学， 2004， 硕士

【摘要】 资产重组活动最初发生于19世纪末20世纪初的西方国家，西方经济学家对于其理论和实践都进行了详尽的研究，而且都证明了资产重组能使得公司资本具有更大的流动性和增值性。 我国上市公司的资产重组始于上个世纪90年代中期，经过不断的理论探索与实践，资产重组活动迅速增加，对证券市场、上市公司以及机构都产生了相当的影响。我国的资产重组活动由于我国资本市场的特殊情况具有社会主义资本活动的特色。 我国资产重组活动对于上市公司的绩效也一直是经济学术界研究的重点，资产重组活动是否能给重组上市公司带来实实在在的质的飞跃，是否能带来公司长期的绩效提高抑或只是在公告日附近的股价异常波动带来的短期收益。本文借鉴了国内外关于资产重组研究的经验和结论，从理论上研究了企业价值的影响因素，以及资产重组对这些因素的影响，并运用应用统计方法进行实证研究得出了若干结论。更多还原

【Abstract】 First occurrence of activity of began in the end of 19 century. Western economist has detail research in its, and proved that reorganization can make the company capital to have the larger liquidity and value increasing.Capital reorganization of our country listed company began in the mid 90s last century. With researching in the theories and practice by and by, reorganization movements increased remarkably, and have extremely effects to the securities market, listed companies and organizations. Capital reorganization of our country shows socialism features because of the special situation of our capital market.The effects of capital reorganization to listed company are always on focus of domestic economists studies. Whether reorganization can bring listed company solid leaping of quality, if it can bring the company distinct long-term increase or just a short-term income for the stock price abnormality fluctuate during the announce day.This Thesis draw lessons from domestic and international experience and conclusions of the research concerning the restructure, from theoretically studied the influence factor of enterprises value, and how reorganize influence these factors, and draw some conclusion combining with demonstration methods.更多还原