摘要
从20世纪80年代中期开始美国企业掀起了本世纪以来第四次(1982年—1988年)和第五次(1993年以来)兼并浪潮,在两次兼并浪潮中,孵化出一大批世界级的巨型企业。与国外成熟市场的资产重组浪潮相比,中国重组案例也屡见不鲜,从1997年以后,资产重组开始不断升温。重组、公司治理问题已经成为新型的公共政策和公司政策问题。但是中国上市公司重组并没有给上市公司本身和社会经济带来积极的、长远的效应。文章对上市公司重组绩效进行了评价,进而分析了这种理论与现实相悖的原因所在,最后提出规范上市公司重组的对策建议。
Since the midterm of 1980's, the fourth (1982—1988) and fifth restructuring surges have been produced in the American corporations. During these two surges, a great deal of world-class corporations was created. Comparing with the restructuring surge in the foreign mature securities markets, the restructuring cases in China are also well seen. Since 1997, the temperature of restructuring has continued to be rising, and restructuring and corporate governance have become a new problem in the field of public policy and corporate policy. However, most Chinese public corporations' restructuring has no active and long-lasted effects to themselves and social economy. The authors create an evaluating system for the performance of restructured public corporations, analyze the reason why there was a difference between the theory and the reality. At last, the authors put forward the suggestion how to precept the public corporations' restructuring.
出处
《清华大学学报（哲学社会科学版）》
CSSCI
北大核心
2004年第1期44-50,59,共8页
Journal of Tsinghua University(Philosophy and Social Sciences)
关键词
重组
绩效评价
对策
restructure
evaluation of performance
suggestion
