中钢吉炭公司资产重组效果研究

发布时间：2018-06-24 09:38

本文选题：资产重组 + 财务指标　；参考：《湘潭大学》2017年硕士论文

【摘要】：市场经济条件下,企业寻求资本积聚和资本集中获取竞争优势,以实现自身的可持续发展,成为众多上市公司的首选战略目标。资产重组是调整经济产业结构,合理配置企业资源,盘活企业存量资产的有用工具,有利于调整产业结构,优化国民经济布局,在世界现代经济发展中起着相当重要的作用。剖析上市公司资产重组的动因和效果分析是财务学科研究的重要课题,具有理论和现实意义。中钢集团吉林炭素股份有限公司作为原来的国内炭素产业业界翘楚,曾长时间占据着行业的领先桂冠。近十年来受大环境的影响,自身发展受限,加上日益严峻的行业竞争,公司的经营状况每况日下不容乐观。在盈利能力下降,没有充足的动力和资源为公司谋求发展,以及残酷的市场经济竞争压力下,难以保障利润增长,对公司的生存和发展构成了重大的威胁。因而以资产重组概念作为基础,以中钢吉炭公司的资产重组作为案例,从资产重组的可行性、资产重组的收益性等方面梳理文献综述,并对资产重组、整合等相关概念和理论进行了梳理,然后结合中钢吉炭公司的历史和现状分析公司由盛及衰的原因,得出本次重组的动因以及前提,介绍重组方案及对其合理性进行研究,最后对重组后的发展提出设想。大型钢铁企业相对改革容易,但也需要选择争取到适合自身发展的道路,需要把握资产重组时机,及时淘汰落后产品项目,选用优质壳资源进行更新换代。资产重组的方式可以提高集中度,是解决钢铁工业发展中诸多矛盾的基础。同时,此举适应国际钢铁工业发展趋势,有利于我国钢铁业提高国际竞争力。再者,钢铁行业的资产重组,大大增强了与上下游相关产业的谈判能力,能够降低成本,提高市场占有率。从而得出研究结论:资产重组能够提升公司的价值,重组的过程对目标企业的资本结构进行了优化整合,增强企业的综合竞争力,放大了投资价值,对行业整合影响深远。
[Abstract]:Under the condition of market economy, enterprises seek for capital accumulation and capital concentration to gain competitive advantage in order to realize their own sustainable development and become the first strategic target of many listed companies. Asset reorganization is a useful tool for adjusting the economic industrial structure, rationally allocating enterprise resources and activating the stock assets of enterprises. It is helpful to adjust the industrial structure and optimize the layout of the national economy. It plays a very important role in the development of the world's modern economy. It is an important subject of financial science to analyze the causes and effects of asset reorganization of listed companies, which is of theoretical and practical significance. Sinosteel Group Jilin carbon Co., Ltd. as the original domestic carbon industry leaders, has long occupied the industry's leading crown. In the last ten years, due to the influence of the environment, the development of the company is limited, and with the increasingly severe competition in the industry, the operating condition of the company is not optimistic. With the decline of profitability, the lack of sufficient power and resources for the development of the company, and the cruel pressure of market economy competition, it is difficult to guarantee the growth of profits, which poses a great threat to the survival and development of the company. Therefore, on the basis of the concept of asset restructuring, taking the asset reorganization of Ji-carbon Company of Sinosteel as a case, this paper combs the literature review from the feasibility of asset restructuring, the profitability of asset restructuring and so on, and summarizes the asset restructuring. After combing the related concepts and theories, combining with the history and present situation of Ji-carbon Company of Sinosteel, the author analyzes the reasons of the company's prosperity and decline, and draws the motivation and premise of this reorganization, introduces the reorganization scheme and studies its rationality. Finally, the development after the reorganization is proposed. Large iron and steel enterprises are relatively easy to reform, but also need to choose a suitable way for their own development, need to grasp the opportunity of asset restructuring, timely elimination of backward product projects, select high-quality shell resources for replacement. The recombination of assets can improve the concentration and is the basis to solve many contradictions in the development of iron and steel industry. At the same time, this action adapts to the international iron and steel industry development trend, is advantageous to our country steel industry enhances the international competitive power. Furthermore, the recombination of steel assets greatly enhances the negotiation ability with the upstream and downstream industries, reduces the cost and increases the market share. The conclusion is that asset reorganization can enhance the value of the company, and the process of reorganization optimizes and integrates the capital structure of the target enterprise, strengthens the comprehensive competitiveness of the enterprise, amplifies the investment value, and has a far-reaching impact on the integration of the industry.
【学位授予单位】：湘潭大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F406.7;F426.7

【参考文献】