境内上市公司创业板分拆上市的价值创造机制  

Mechanism Of Value Creation During Equity Carve-out On Domestic GEB

作　　者：刘永泽[1] 唐大鹏[1] 于焜[1] 贾兴飞[1] 

机构地区：[1]东北财经大学会计学院,辽宁大连116023

出　　处：《南京审计学院学报》2012年第1期4-11,共8页journal of nanjing audit university

摘　　要：境内上市公司分拆上市到创业板的过程分为分拆重组和上市到创业板两个阶段。分拆前后交易成本和组织成本的变化说明分拆后企业总体的效率得到了提高。分拆后上市的价值创造机制主要体现在信息公开化程度的提高、对成长型业务资产组成长价值的重估和成长型业务独立性的建立三个方面。The process of domestic listed companies listing on the GEM is divided into two stages,one is carving out assets and the other is IPO.The change of transaction and organization costs before and after the carving out shows that the efficiency of the whole company is improved.The value creation mechanism after carving out and IPO is mainly reflected in the increased information disclosure,reevaluation of the growth value of asset group in a growth business and the independence of growth business.

关 键 词：分拆 上市 价值创造 企业重组 创业板 上市公司 资本经营 资本市场 

分 类 号：F230.9[经济管理—会计学]