As the basic industry of the national economy,shipping business has both global and cyclical characteristics.The cyclical impact of world economy and the international financial crisis have triggered operational risk and financial risk to many shipping companies in China.They gradually became zombie enterprises without hematologist ability.In the context of supply-side structural reform,DE-Capacity and addressing zombie enterprises are our primary missions.Therefore,the study of definition and exit path of shipping industry zombie enterprises is significant.The first part of the dissertation is introduction.It mainly points out the research background and significance,main content and research method,and then put forward innovation points of this paper and carries on the literature review.Next,the dissertation concludes the five zombie enterprises definition methods and put forward new method according the reality.After that,the article introduces case study of Chang Jiang Shipping Group Phoenix Co.,Ltd… Under the analysis of internal and external environment of the company,the dissertation chooses the appropriate exit path which is bankruptcy reorganization from several angles.Lastly,the dissertation summarizes the bankruptcy reorganization plan of CSC Phoenix and its resource allocation,market performance and operating performance after the reorganization,and then comes up with the reference significance to other shipping enterprises.The last part is summary,which expounds the common conclusions and gives suggestions. |