重大资产重组

上市公司重大资产重组的业绩改善研究

An Empirical Study on Performance of Momentous Restructuring of Listed Companies

结果发现：重大资产重组显著地改善了企业的业绩，这和财务指标法的研究结论相一致。

The conclusion as follows : MAR improve their performance significantly , which maintain a consistent to the financial index method .

国有与非国有控股上市公司资产重组绩效研究&来自中国A股市场重大资产重组的证据

On the Performance of Assets Restructuring of State-controlled Non-state-controlled Listed Companies Evidences from the Major Assets Restructuring in Chinese A-share Markets

重大资产重组后企业盈利能力指标得到了显著改善，现金流管理、财务稳健性和经营能力指标的提高不显著。

However , their cash flow-based profitability , debt payment ability and operational management ability appear no significant improvement after MAR transactions .

从市场效应的角度来揭示重大资产重组事件对公司价值的影响。

This paper tries to reveal the impact of great reorganization of assets on company 's value in terms of market effect .

上市公司独立董事应当在充分了解相关信息的基础上，就重大资产重组发表独立意见。

The independent directors of the listed company shall give independent opinions on the material assets reorganization based on their full understanding of the relevant information .

模拟财务信息起源于国外发达资本市场，主要用于上市公司发生重大资产重组时向广大投资者提供决策相关的信息。

Pro forma financial information originated in developed capital markets abroad , mainly used for a major listed company reorganization of assets for investors to make decisions .

发行股份购买资产的重大资产重组交易中，资产定价是最核心的问题。它所涉及到的定价机制、定价公允性、利益分配等问题，都是决定交易是否成功的关键因素。

It relates to the pricing mechanism , the fairness and the interest allocation in pricing , which are the key success factors to major assets restructuring .

然而，该公司在一份后续声明中表示，美特斯邦威的股票将继续停牌到至少2月5日，声明补充称，该公司正在筹划“重大资产重组”。

However , shares in the company will remain suspended until at least February 5 , a further statement said , adding that the company planned a " major asset restructuring . "

资产定价作为重大资产重组过程中最重要的一个部分，影响着重大资产重组的交易过程和交易过后的市场反应，是交易双方和投资者所关注的重大问题。

As the most important part of the material assets reorganization process , asset pricing is influencing the transaction process and the after trading market reaction , and asset pricing is the serious problem that both the traders and investors concerning about .

实施不当行为，包括上市公司三会实施控制，操纵利润分配，对上市公司再融资、对外投资施加影响，利用重大资产重组实现自身利益等。

Implementing improper behaviors include the shareholders board , director board and boards of supervisors of listed companies controlling the companies , manipulating profit allocation , putting the influence on the refinancing and foreign investments and utilizing the important asset reforming to pursue their interests .