On Mergers & Acquisitions Performance of Information Technology Sector in Short-term Perspective
(0) Recently, the development of Network Industry has been hotly discussed in theoretical circles. And the research on Network Industry Mergers & Acquisitions (M&A) performance has become an urgent problem to be resolved seriously. The listed companies in Information Technology Sector occurred M&A events from 2001 to 2007 are chosen as samples, and Are applied in research, event study to analyze their M&A performance from short-term perspective. The results show that: (i) from all M&A samples, the market response is active, which brings positive return in spite of lag response; (ii) the market response referring to related transaction events is indifferent and (Ⅲ) the market response is different because of different Products’ intangible degree, the higher degree of the intangibility but the weaker the market response is. Finally, opinions and suggestions are proposed on the basis of conclusions and actual situations.
CHEN Fu-zhong WU Qiu-jing WANG Jian-ling MAO Qian-ru
School of Economics and Management, Nanjing University of Aeronautics and Astronautics, 29#,Yudao St School of Economics and Management, Nanjing University of Aeronautics an Astronautics, Nanjing City,
国际会议
2009 IEEE International Conference on Grey System and Intelligent Services(2009 IEEE灰色系统与服务科学国际会议)
南京
英文
876-881
2009-10-20（万方平台首次上网日期，不代表论文的发表时间）