Journal of East China Normal University (Philosophy and Social Sciences) >

2006 , Vol. 38 >Issue 2: 108 - 112

DOI: https://doi.org/10.16382/j.cnki.1000-5579.2006.02.017

Applying the Event Study Methodology to the Asset Restructuring Performance of the Listed Companies in China

  • Zhuang JIN ,
  • Xu-huai JIANG ,
  • Cai-xia GUO
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  • 1. Poast-doctoral station in Theoretical Economics, Fudan University, Shanghai, 200433, China
    2. Department of Finance, Neimenggu Institute of Finance and Economics, Huhehaote, 010051, China

Received date: 2005-12-02

  Online published: 2006-03-30

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Abstract

By applying the event study methodology to the sample companies this paper expounds that apparent short term CAR emerges in the listed companies during the course of asset restructuring.The amount of the sample companies' CAR is influenced by its own business performance and the scale of the float.Roughly speaking, the companies with poor business performance and small float caps respond more strongly and end up with greater CAR fluctuation.

Key words： asset restructuring; perfomance; event study methodology; the listed companics

Cite this article

Zhuang JIN , Xu-huai JIANG , Cai-xia GUO . Applying the Event Study Methodology to the Asset Restructuring Performance of the Listed Companies in China[J]. Journal of East China Normal University (Philosophy and Social Sciences), 2006 , 38(2) : 108 -112 . DOI: 10.16382/j.cnki.1000-5579.2006.02.017

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