Research On The Influence Of The Asset Restructure Motive On Performance Of Listed Company In Chongqing

The asset restructure is an important mean to realize their development strategies of enterprises in the developed capital market, with the deepening of enterprise's system reform of our country and completion of market economy, with the opening furtherly development of Chongqing, the asset restructure will play a more and more important role in the great development of Chongqing too. this article was thinking the difference of re-organization variable reason among enterprises reorganization behaviors, its performance also possibly different in some degree. This article provides 68 market examples of listed Company of chongqing from 1998 to 2004 ,combine the listed company of Chongqing and situation of assets restructure, study the influence of restruture motive on the performance differently, It obtains the probing opinion and will have a benefit for Chongqing companies'asset restucture later .First, this article analyses the theory of asset restructure. To the detailed conditions of the listed company of Chongqing and rearrangement of assets since directly under the jurisdiction ofing, have analyzed the important function of the government in recombinating ,discusses the problems that exist in both the motives and the achievements. On this basis, we study the influence of reorganization motive to the achievements on listed company of chongqing,to avoid the limitation of single index,we chose several financial indexes which can reflect the performance and establish a function to appraise the general performance of company .Through empirical research, we find that the different motive have different results. The improvement of asset quality gets effect instantly on the improvement of the performance. However; to the reorganization of the scale expansion, the management seeking and the market coordination, it is very difficult to increase because of the difficulty of the balance between the scale and the benefit of the enterprises. The achievement of the multiple expansions is also hard to be optimistic because it is difficult to achieve coordination effect while entering irrelevant industry.Finally,This article analyzed the result and combined the actual conditions and put forward the relevant policy recommendations.