Study on Related Merger Performance in Financial Perspective
Based on 320 listed firms engaged in M&A in SSE and SZSE between 2006 and 2007, our study selects 11 financial ratios and investigates their impact on related merger performances. The empirical evidence indicates that size of related merger is positively associated with firm performance, while pre-merger ROE is inversely related to it. Our results contribute to related merger studies by exploring post-merger performance and influencing factors and have relevant implications for policy maker, regulators, and corporate reformers.
related merger firm performance financial ratios
YU Pengyi LIU Na SHI Jiaqing
School of Finance and Economics, GDUFS, Guangzhou, P.R.China, 510420
国际会议
The 5th International Sympsium for Corporate Governance(第五届公司治理国际研讨会)
天津
英文
331-338
2009-09-01（万方平台首次上网日期，不代表论文的发表时间）