随着我国国有企业改革的深化,资产重组已经成为证券市场上趋之若骛的新景观,1998年沪深两市共有389家上市公司进行了资产重组。从资产重组方式来看,可以把1998年上市公司资产重组行为分为五大类:第一类,上市公司对外购并扩张,指上市公司对外收购、兼并或对外股权投资的资产重组行为。该种重组反映了上市公司的对 With the deepening of the reform of state-owned enterprises in China, asset restructuring has become a new landscape in the securities market. In 1998, a total of 389 listed companies in the Shanghai and Shenzhen cities reorganized their assets. Judging from the way assets are reorganized, the assets reorganization behavior of listed companies can be divided into five categories in 1998: The first category, the listed companies’ external acquisition and expansion refers to the assets reorganization behavior of listed companies in the acquisition, merger or external equity investment. This kind of restructuring reflects the