Empirical Study on the Performance of M&A of Chinese Listed Companies Based on Different Motivations
Studying about the reason, performance and risk of Listed Companies before and after M&A will help the merging side to reduce risk, and improve the company performance. The main purpose of this study is to find out whether M&A performances based on different motivations are the same. This paper used financial factors and non-financial factors to evaluate the performance, and then the performances of M&A of Chinese Listed Companies of 2005 are analyzed by the Factor Analysis method from Statistical Analysis. It is concluded that participants are more rational, but M&A based on different motivations have different results: the performances of expansion and multiplex M&A are much better than others.
m&a performance of M&A, performance evaluation factor-analysis
ZHANG Zhanzhen
Economics and Management Institute of Qingdao University of Science and Technology, P.R.China, 266061
国际会议
威海
英文
519-523
2010-07-24（万方平台首次上网日期，不代表论文的发表时间）