Market Reaction on Chinese Listed Enterprises Serial Acquisitions——Based on Multi-Variances Panel Data

摘要：

With the development of Chinese economy and the improvement of capital market,the listed enterprises behavior of acquisition has become serially. When market value serial acquisitions,the factors and important point what they thought would be different with singe M&A. From the view of market,this article made a panel data model and empirically analyzed multi-factors which would influence market reaction on listed enterprises serial acquisitions. Finally,this paper got the conclusion that some factors would have greater influence on market,such as market scale,FCF,MV. This result will provide some practical reference for listed enterprises,investors and other market participants.

关键词： Serial acquisitions Market reaction Panel data model Sample attrition

作者: YANG Junhui

作者单位: School of Management,Donghua University Shanghai,China,200051

会议类型: 国际会议

会议名称: The 3rd (2011) International Conference on Financial Risk and Corporate Finance Management(第三届(2011)金融风险与公司金融国际研讨会FRCFM 2011)

会议地点: 大连

会议语种:英文

页码: 433-438

在线出版日期: 2011-06-30（万方平台首次上网日期，不代表论文的发表时间）