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资产重组实践在我国始于上世纪80年代中期,其主要目的是更有效地进行资源配置和利用,提高企业价值。但是实际发生的资产重组的绩效却相差很大,文章采用超常收益法和财务绩效评价指标体系,从不同角度选取2000～2003年上市公司样本,通过考察重组发生前后指标的变化来评价资产重组对企业价值的影响,试从典型事件绩效分析中得到中国资本市场发生此类事件后应得的一些普遍结论。
The practice of asset restructuring began in China in the mid-1980s. The main purpose of asset restructuring is to allocate and utilize resources more efficiently and increase the value of the enterprises. However, the actual performance of the assets reorganization varies widely. The article uses the abnormal return method and the financial performance evaluation index system to select the listed companies from 2000-2003 from different perspectives and to evaluate the reorganization of assets by examining the index changes before and after the reorganization The impact of corporate value, from the typical event performance analysis obtained from China’s capital markets such events should be concluded some of the common conclusion.