上市公司壳资源重组利用行为与绩效研究

【作者】 虞华君；

【导师】 包文彬； 恢光平；

【作者基本信息】 南京理工大学 ， 产业经济学， 2004， 硕士

【摘要】 目前，我国的壳资源(Shell Resource)是资本市场上一种非常重要而独特的资源，通过对壳资源重组利用，许多上市公司成功地实现了对自身资源的优化整合，同时也使许多非上市公司迅速地实现了借壳上市。 本文以壳资源的重组利用为立足点，对壳资源重组利用过程中所涉及到的几个重要参与者——壳资源的拥有方、参与重组的壳资源非拥有方和地方政府的行为进行了相应的分析，研究参与壳资源重组各方的动机等相关要素。并进一步对壳资源两种不同类型的重组模式的绩效进行了分析，即研究重组后壳资源的控制权发生变更和未发生变更的两组上市公司在重组前后5年的绩效变动情况，期望通过研究这两组公司的不同绩效状况，为现实中的壳资源的重组利用活动提供一些借鉴和参考。更多还原

【Abstract】 Shell Resource in our country is a very important and special resource in the capital market at the present time. Many corporations have succeeded in recombining the listed company through using the shell resource efficiently. Also it makes some unlisted companies becoming listed companies.The dissertation was based on the recombining of shell resource, then analyzedseveral important participants--the owner of shell resource, the participant ofrecombining and government. Mainly, the dissertation analyzed the behavior of recombining, and so on. At the same time, the dissertation analyzed the shell resource recombining performance that through different recombining model. Researching the two group listed companies, one group is the listed company that have not changed its biggest shareholder, the other is the listed company that have changed. The dissertation analyzed the different performance of the two group listed companies through its five years’ alteration of performance.I wish it can be reference in shell resource recombining in realism.更多还原