Author(s)

Yu Donggen ¹, Zhao Ziyan ¹

Affiliation(s)

¹ School of Economics and Management, Tianjin University of Science and Technology, Tianjin, China

Corresponding Author

Yu Donggen

ABSTRACT

With the relaxation of China's spin-off listing policy and the comprehensive implementation of the registration system, the successful spin-off listing cases emerge in endlessly. With the gradual expansion of the advantages of spin-off listing, many enterprises yearn for spin-off listing can bring greater economic benefits for enterprises. At the same time, domestic scholars have little research on the path selection and direction of spin-off listing. Based on this, this paper chooses Xiamen tungsten industry and Xiamen tungsten listing as an example to study the path selection of spin-off listing of state-owned enterprises and the impact on the financial performance of the parent company. By explaining the background of the parent-subsidiary company, the reasons and the process of the split, the characteristics of the path selection of the split and the impact on the financial performance of the parent company are analyzed, so as to further enrich the content of the research field of the spin-off listing.

KEYWORDS

Spin-off and listing; path selection; financial performance

CITE THIS PAPER

Yu Donggen, Zhao Ziyan, Research on the Listing Path Selection and Financial Performance of Xiamen Tungsten Industry. Accounting and Corporate Management (2023) Vol. 5: 64-70. DOI: http://dx.doi.org/10.23977/acccm.2023.051110.

REFERENCES

[1] Schipper and Smith. A comparison of equity carveouts and seasoned equity offerings: share price effects and corporate restructuring [J].Journal of Financial Economics, 1986, 15(1/2): 153-186.
[2] Guo Ziyi, Chen Lei. Research on the motivation and performance of domestic spin-off and listing of pharmaceutical enterprises: A case study of the spin-off of Changchun High-tech Biogas [J].Fiscal Supervision, 2023(11):88-94.
[3] Li Xinzi. Research on the motivation and influence of the spin-off listing of listed companies [J]. Chinese Business community, 2023 (03): 155-157.
[4] Lin Xudong, Tang Mingqin, Cheng Lin, etc. Value creation of a spin-off listing: an empirical study from the Chinese market [J]. Southern Economy, 2015, No. 310(07):47-60. DOI:10.19592/j.cnki.scje.2015.07.004.

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