摘要
企业重组是为了更有效进行制度创新 ,提高企业运行效率和竞争力而对企业之间或单个企业的生产要素进行分析整合的过程。我国上市公司资产重组历史不足十年 ,不乏紧密创新之作及经典模式 ,但与西方企业资产重组的动因呈现出明显的差别化 ,其频繁发生与我国上市公司的历史成因和现实经营状况息息相关。为完善重组制度 ,提高重组绩效 ,本文拟通过分析我国上市公司资产重组的阶段特征和内在动因 ,从中找出进一步规范、发展上市公司资产重组的原则。
The restructuring of enterprises is a process in which the essential production factors in an individual enterprise or among enterprises are rearranged, so that more effective renovation of institutions can be ensured, and hence the enterprises can be more efficient and competitive. The effort to restructure China's listed companies started less than ten years ago, bringing forth quite a number of successful cases. Compared with the agents behind the restructuring in the West, however, considerable descrepencies can be found in China's listing effort in that the high occurance bears close relation to the history and present operation of Chian's listed companies. With the aim to improving the restructuring institutions and their performance, this paper presents some viewpoints of further standerising the principles with regards to the restructuring of China's listed companies, by analyzing the phasic characteristics and internal agents of China's listed companies.
出处
《金融研究》
CSSCI
北大核心
2001年第4期106-113,共8页
Journal of Financial Research
关键词
资产重组
阶段特征
内在动因
原则
发展
上市公司
中国
listed companies' assets restructuring, phasic characteristics, internal agent