This paper puts forward the analytic framework and comprehensive assessment model of strategic compatibility in corporation restructuring, and it gives an example of decision on corporation restructuring based on strategic compatibility.

This paper first summarizes the positive researches on the corporate restructuring from the internal literature and abroad,and it also points out what these researches lack.

According to its definition,the paper provides an overview of existing research on how corporate restructuring effects of creditors wealth,and discusses the value creation effect,wealth redistribution effect and signaling effect of corporate restructuring.