Performance Of Asset Reorganization Of Shanying Paper Industry

Assets restructuring is generally regarded as enterprises adjust the economic structure,optimize the allocation of resources the effective tools,thus became a beautiful scenery line in world economic development.More perfect in our country,as the capital market,the construction of a modern market economy,the reform state-owned enterprises,especially in recent stage,assets reorganization has been widely applied.Enterprise restructuring of the reason is what? Asset restructuring performance can produce? What factors lead to changes in the performance? Scholars at home and abroad have carried on the thorough research,but has notIn this paper,in the context of the reform of state-owned enterprises,assets restructuring of Shanying Paper Industry as the main research object,using event study and financial index method to in-depth analysis of before and after M&A performance,can be obtained: Shanying Paper Industry with gain group after the assets restructuring,the change of the short-term performance is obvious;Through the analysis of financial indicators for a long time,found that profitability index,development capacity index improved significantly,especially profitability,after the reorganization of the overall have maintained a good momentum of growth,while operating capacity index,part of the debt paying ability index decline trend.Finally from the macro,medium and micro environment three aspects to analyze the influence factors of lead to changes in performance,explain the Shanying Paper Industry performance after the assets reorganization,internal integration risks,at the same time under the influence of the external macroeconomic environment and industry,and how to correctly guide the assets reorganization of government departments and Shanying Paper Industry advances some suggestions on how to develop after restructuring.