An Empirical Study on Listed Companies Merger Synergies
M&A is not only playing an important role in optimizing the allocation of resources and promoting the economic development, but also is important component of enterprise external growth.Synergy is not only the significant reason of M&A; at the same time, it is an essential measure standard of success or failure. This paper argues that the internal measurement model and abnormal returns methodology to measure are all not adapted to our special economic environment; therefore, this paper sets up the measurement model of synergistic effect based on financial index of accounting methods, and the M&A events from 2004 to 2006 in China was listed for the inspection analysis of the synergistic effect.Finally, based on the empirical results relevant suggestions were put forward.
listed companies M&A synergistic effect
Jiang Kui Lin Shu-cheng
School of Economics and Management in Southwest University of Science and Technology,mianyang,Sichuan,621010 china
国际会议
International Conference on Advances in Engineering 2011(2011年工程研究进展国际学术会议 ICAE2011)
南京
英文
726-730
2011-12-17（万方平台首次上网日期，不代表论文的发表时间）