Empirical Research on the Performance of Overall Listing Companies in China

摘要

By using probing and analytical researching methodology, taking the overall listing companies of 2004-2007 as event study companies, this thesis focus on short term and long term performance on overall listing companies. The research shows that the overall listing companies not only can benefit from its short term performance, but also can improve its long term performance. But at the same time, the short term performance shows some degree of impractical benefits, while the improvement of long term performance is not very obvious. That is to show that the overall listing companies lack sufficient impetus to push forward in terms of long term performance, which means it is impossible to have fundamental structural changes only through companies' overall listing.