Research On The Overall Listing Performance Of Enterprises

With the development of capital market in our country,the traditional mode of separation and listing has shown its disadvantages and deficiencies,which can not meet the requirements of economic development and the progress of the times.For example,the same industry competition between the listed company and the original group company,the infringement of the rights and interests of small and medium-sized shareholders,and the occurrence of related transactions,etc.,make the development of capital market in our country be adversely affected And group enterprises are also criticized by people.As a result,the overall listing mode has become the mainstream mode.In addition,in order to promote the modernization reform of China’s state-owned enterprises,the government and relevant departments have also issued a series of policies and measures to promote the overall listing of large-scale state-owned enterprises,and to promote their management ability and comprehensive competitiveness.On the whole,scholars focus on various modes of overall listing,and analyze their characteristics on the basis of comparison of various modes.There is no case analysis and empirical research on the performance changes of specific enterprises after overall listing.In particular,there are few empirical and quantitative studies on what kind of management and performance the overall listing brings to the company.In addition,most scholars use a single financial index as the guide to analyze the performance of the enterprise after the overall listing,which makes it difficult for the company management strategy to match the development goal of the enterprise after the overall listing,and affects the long-term sustainable development of the enterprise.Therefore,this paper takes mixed financial indicators as a perspective to study the overall listing performance of specific enterprises.Based on the in-depth analysis and induction of the existing research results,this paper studies the specific case as a sample,specifically,taking the overall listing of Power China as the research sample,focusing on the analysis of the performance changes of the overall listing,and quantitative analysis of the performance of the overall listing of Power China group is carried out through two mainstream methods of Balanced Scorecard and economic value-added,And then provide reference for the overall listing of related enterprises.The article is divided into five parts,the first part is mainly about the background and significance of the research on the overall listing of power construction group,and the collection,collation,induction and analysis of the existing research results;the second part is the analysis of the core concepts and basic theories of the overall listing;the third part is about the listing mode of power construction group as a sample The fourth part is the key and core part of the article.It constructs the enterprise performance evaluation index through the balanced scorecard,comprehensively uses the analytic hierarchy process and economicvalue-added method to measure the index data,and analyzes the evaluation results.The fifth part is the conclusion and Enlightenment of the article.According to the analytic hierarchy process,the comprehensive score of power construction group increased from 88.32 in 2015 to 96.28 in 2018.According to the economic value added method,the scores of power construction group in 2015-2018 were all positive and increased significantly.The results showed that power construction group had a positive effect on corporate performance through overall listing.