我国上市公司关联重组报表性的动态对比研究

我国上市公司资产重组中关联重组占相当比例，故关联重组的规范与监管将直接影响到资本市场的运作效率。对公司重组前后的财务数据采用主成分分析法结合T检验，按相关规范与制度的完善程度，分两阶段对关联重组与非关联重组的报表性进行了动态对比实证分析。得出结论：非关联重组已由报表性向实质性转变，而关联重组具有较强的报表性；相关规范、制度在对关联重组的规制方面尚未发挥应有的作用。

The Dynamic Comparison of Related Party's False Restructuring for Listed Companies in China

There is a higher proportion of related restructuring to the assets restructuring of listed companies in China, so the standardization and supervision of related restructuring will directly influence the operating efficiency of capital market. According to the perfectibility of the related guidelines and systems, this paper divided the study period into two stages and carried on a dynamic study, which mainly utilizes principal components analysis and paired-sample T test to research the financial data of the restructuring corporations. The conclusion is that non-related restructurings have transferred from false restructuring to real ones, but the related restructuring still were false ; the related guidelines and systems did not play an effective role in the constraining of the false restructuring,