Study of Management Layers Acting Motivation and M&A Performance of Chinese Listed Company
This article used 138 listed companies for samples which involved in expansionary M&A in Shanghai, Shenzhen A-share market in 2002, selected 2002-2004 as the time window for sample research, adopted the accountancy studies method to construct multivariate regression model, and studied the impact of the managers acting motivation on M&A performance. Study found that M&A performance of the sample companies declined in M&A year, but then there was a significant improvement. The results showed that there was a positive correlation between management capability of managers, the proportion of state-owned shares and M&A performance, while cross-frontier M&A would have a negative influence on operating performance. Equity ratio of executives,management pay and other incentives did not significantly affect performance.
Acting motivation M&A performance Empirical study
Song Jianbo Shen Hao Li Aihua
Business School of Renmin Uiversity of China, 100872
国际会议
第六届管理学国际会议(Proceedings of ICM2007 the 6th International on Management)
武汉
英文
800-805
2007-08-03（万方平台首次上网日期，不代表论文的发表时间）