农业上市公司资产重组绩效实证研究

An empirical study of asset restructuring performance of listed agricultural company

运用主成份分析法来衡量农业上市公司资产重组前后的经营业绩变动,利用wilcoxon秩和检验对2000—2004年间这些公司的绩效变化进行了考察,结果发现农业上市公司的资产重组绩效没有发生显著变化。其原因在于农业上市公司的资产重组大多是与主营业务不相关,未能对企业的经营绩效提供根本帮助。

Using principal components analysis, this paper measures the fluctuation of the performance of listed agricultural companies experiencing asset restructuring. We examine the performance changes from 2000 to 2004 of these companies with wilcoxon test. The result shows that the performance of listed agricultural companies did not change significantly. The reason may be that the asset restructuring of listed agricultural companies was not relative to their main businesses, therefore, did not help much to corporate performance.