Study On The Motivation And Economic Consequences Of The Equity Carve-Outs About Sina Weibo

The spin-off listing means that some parent companies distribute the equity of the subsidiaries they hold to the shareholders of the parent company according to the existing reasonable systems and rules,thereby realizing the separation of the business operations of the parent and subsidiary companies at the legal level and the substantive organizational structure.As a special means of asset restructuring,spin-off listing can open up the business resources of listed companies to investors,and can also greatly promote the deep development of the capital market.In recent years,China’s macroeconomic structure has been continuously adjusted and optimized,and the development model has gradually changed from extensive to intensive.With the convergence and integration between domestic and foreign capital markets and the close relationship between domestic and foreign capital markets,listed companies have The acceptance of this kind of asset restructuring method is getting higher and higher,and the domestic companies are exploring more and more frequently about the split-listing model.The spin-off and listing research has gradually started with the spin-off and listing.The spin-off and listing has also become an important way of asset restructuring in China.Therefore,scholars’ exploration and exploration of the spin-off and listing of domestic listed companies has become increasingly in-depth and perfect,which has an unparalleled role in the internationalization and maturity of China’s capital market.Due to the early development of foreign capital markets and the establishment of relatively perfect rules and systems,the application of spin-off listing in foreign capital markets has become very common.A large number of practices and explorations on spin-off listing have provided rich research for academic circles.Materials,the academic community’s argumentation and case analysis of the spin-off listing theory are relatively complete,and a large number of academic achievements have been formed.The development of domestic capital market is relatively late,and the exploration and practice of spin-off listing is still in its early stage.Due to the differences in the environment at home and abroad,on the one hand,the research and exploration of the spin-off listing is imminent.On the one hand,the lack of practical experience and materials has led to the limitations of academic research.In recent years,the exploration and practice of domestic enterprises in the foreign capital market for the spin-off listing has provided research directions for domestic scholars.Therefore,this paper is very necessary and irreplaceable for the research of Sina Weibo’s spin-off listing.Based on the existing literature,this paper studies and analyzes the case of Sina Weibo’s spin-off and listing,mainly focusing on the in-depth analysis of the motivation and economic consequences of Sina Weibo’s spin-off listing.This paper first summarizes the original theoretical results of the spin-off and listing,and introduces the related theories.Secondly,this paper gives a comprehensive introduction and interpretation of the relevant cases of Sina Weibo’s spin-off listing case.Finally,based on the existing theories and the actual situation of the case,this paper analyzes and studies the motivation and economic consequences of Sina Weibo’s spin-off and listing,and summarizes its research conclusions based on the research results and puts forward relevant suggestions..Sina Weibo has achieved a number of reasons for financing needs and investment demand,management incentives,enhancing core resource competitiveness,diversifying risks,and maximizing company value,Demolition of the listing.The various initiatives of the spin-off have produced a number of economic consequences,mainly reflected in market response,corporate value response and operational efficiency of corporate management.In general,the process of spin-off of Sina Weibo has produced a positive effect for both parent and subsidiary companies.For enterprises,successful spin-offs are crucial to solving the dilemma of enterprises,enhancing the value of enterprises and promoting the steady development of enterprises.