Study On The Motivation And Effect Of Kingsoft Office Slitting And Listing

In the 1960 s,many companies were keen to grow and expand their territory through large-scale mergers and acquisitions.However,with the growth of enterprise scale,there may be a series of problems such as the decrease of enterprise management efficiency,the significant increase of management cost,the weakening of synergistic effect and so on.Therefore,in order to realize the further development of enterprises,spin-off and listing began to enter the capital market,in order to avoid the negative impact of excessive expansion of enterprises.However,China’s capital market development later,slower,regulation is not sound enough and the size and capacity is limited,if agreed to spin off listing large area,the pressure on the capital market will be very big,so to our country economy healthy development,it is necessary to fully study,spin off listing to spin off listing positive role into full play.Based on this,the paper selected the case of kingsoft’s spin-off and listing of Kingsoft Office,combined with the policy of the latest science and innovation Board spin-off and listing,studied the motivation and effect of Kingsoft office spin-off and listing.This paper first introduces the research background and significance,and summarizes the literature research on the concept,motivation and effect of spin-off listing,and then puts forward the innovation points of this paper.Secondly,partitioned offering an overview of the theoretical basis for introduction,listed on the spin dynamics,in the introduction to the main combed the jinshan do cm float the logical relationship between the motivations,listed on the spin-off effect of overview,mainly expounds the effect analysis of this article is in view of the motivation,item by item analysis,and for each effect by using the evaluation index is illustrated.The introduction of the case mainly includes the introduction of the case company,preparation and specific process.Thirdly,the paper makes a specific analysis of the reasons for the listing of Kingsoft Office spin-off.The paper believes that the reasons include strengthening the state-owned alternative strategy and focusing on core business;Obtaining funds needed for core business;Seize the science and technology innovation board,improve the attention and market value;Improve corporate governance and enhance the long-term value of enterprises.Then,according to the four motivations,this paper studies the effect item by item.In the effect study,combined with financial and non-financial indicators,it analyzes the effect of enterprises in core business,financing,market effect,governance and long-term value,so as to evaluate whether enterprises achieve their goals through spin-off and listing.The last part is the conclusion and enlightenment of this paper,mainly summarizes whether Jinshan office has achieved the expected effect,and through the typical cases of jinshan office spin-off listing,puts forward some enlightenment of enterprises spin-off listing.