【摘要】：在經(jīng)濟(jì)全球化大趨勢下,中國的紡織企業(yè)也不可避免地融入到世界紡織經(jīng)濟(jì)發(fā)展的大潮中。入世以來,我國紡織業(yè)不斷接受嚴(yán)峻考驗,其發(fā)展不僅受到自身資源和國內(nèi)市場需求不振的雙重約束,并且面臨著越演愈烈的國際市場競爭壓力。中國紡織企業(yè)要發(fā)展,要適應(yīng)新經(jīng)濟(jì)增長方式,必須根據(jù)外部宏觀環(huán)境及自身內(nèi)部條件,走優(yōu)化資源配置,產(chǎn)業(yè)不斷升級的道路,實現(xiàn)的方式無外乎進(jìn)行資產(chǎn)重組,或擴(kuò)大企業(yè)規(guī)模,或完善產(chǎn)業(yè)鏈,或改良主業(yè),只有變身為擁有著名品牌和自主知識產(chǎn)權(quán)、具有較強核心競爭能力的大公司和企業(yè)集團(tuán),才能參與國際競爭,從而取代現(xiàn)今紡織行業(yè)自律性差,國內(nèi)紡織企業(yè)惡性競爭的現(xiàn)狀,走上成熟規(guī)范的市場化和現(xiàn)代化道路。但是在實際操作中,紡織業(yè)的重組并不完全是基于戰(zhàn)略性意圖,很多只是出于財務(wù)性動機(jī),即使初衷正確,卻不見其效,這使得重組是否真正能改善業(yè)績遭到了質(zhì)疑。 本文旨在結(jié)合資產(chǎn)重組傳統(tǒng)理論,淺析我國紡織行業(yè)發(fā)展現(xiàn)狀,所處的國內(nèi)國際環(huán)境,提出在當(dāng)前形勢下紡織企業(yè)通過資產(chǎn)重組改善業(yè)績的必要性,并對目前紡織企業(yè)資產(chǎn)重組的情況進(jìn)行闡述,后通過實證分析和訪談相結(jié)合的方法對比不同類型的資產(chǎn)重組績效,深入挖掘重組后績效優(yōu)化或惡化的原因并得出結(jié)論——主要源于資產(chǎn)重組動機(jī)的不同以及經(jīng)營管理水平的差異。在實證分析過程中,嘗試使用新的績效指標(biāo)評價體系——“超額利潤增長率”進(jìn)行研究,后用傳統(tǒng)的會計研究法進(jìn)行驗證以確保結(jié)果的可信度,結(jié)果證明“超額利潤增長率”指標(biāo)體系考慮到了機(jī)會成本和經(jīng)濟(jì)利潤,因此更有解釋力。 文章結(jié)尾根據(jù)實證分析結(jié)果總結(jié)目前中國上市紡企在資產(chǎn)重組過程中還存在的問題及產(chǎn)生原因,提出如何才能使資產(chǎn)重組發(fā)揮積極而重要的作用。
[Abstract]:Under the trend of economic globalization, Chinese textile enterprises are inevitably integrated into the tide of world textile economic development. Since China's entry into WTO, the textile industry of our country has been subjected to a severe test. Its development is not only constrained by its own resources and the weak demand of domestic market, but also faced with the increasing pressure of international market competition. In order to develop and adapt to the new economic growth mode, Chinese textile enterprises must, according to the external macro environment and their own internal conditions, take the road of optimizing the allocation of resources, continuously upgrade their industries, and carry out asset restructuring in no other way. Only by expanding the scale of enterprises, perfecting the industrial chain, or improving the main industry, can they be transformed into large companies and enterprise groups with famous brands and independent intellectual property rights and strong core competitiveness, so that they can participate in international competition. In order to replace the present situation of poor self-discipline of textile industry and vicious competition of domestic textile enterprises, we should take the road of marketization and modernization of mature norms. But in practice, the restructuring of textile industry is not entirely based on strategic intentions, many are only out of financial motives, even if the original intention is correct, but not its effect, which makes whether the restructuring can really improve performance has been questioned. Based on the traditional theory of asset reorganization, this paper analyzes the present situation of textile industry development in China, the domestic and international environment, and points out the necessity of improving the performance of textile enterprises through asset restructuring under the current situation. And the current situation of textile enterprises asset restructuring is described, and then through empirical analysis and interviews to compare the performance of different types of asset restructuring, The reasons for the optimization or deterioration of performance after reorganization are deeply explored and the conclusion is drawn, which is mainly due to the differences in the motivation of asset restructuring and the level of management. In the process of empirical analysis, we try to use the new performance index evaluation system-" excess profit growth rate "to study, and then use the traditional accounting research method to verify the results to ensure the credibility of the results. The results show that the indicator system of "excess profit growth rate" takes opportunity cost and economic profit into account, so it is more explanatory. At the end of this paper, according to the results of empirical analysis, this paper summarizes the existing problems and causes in the process of asset restructuring of listed textile enterprises in China, and puts forward how to make asset restructuring play an active and important role.
【學(xué)位授予單位】：東華大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2012
【分類號】：F426.81;F832.51;F224

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