The Impact of Corporate Financial Structure on M&A Strategy and Performance—An Empirical Study of Chinese Public Firms
Many research work have been done how corporate business performance affect its financial structure, but few have studied the impact of corporate financial structure on both M&A strategy and business performance. With the surge of M&As of Chinese enterprises in the last decade, it would be fruitful to find out their relationships. In this study, we have developed a structural framework with eight hypotheses to describe the relationships. A LISREL model and the RESSET data base with Chinese public firms financial data have been used to test our hypotheses. All the hypotheses are confirmed. The literature contributions and the business implications have been discussed. Finally, the further research work has been indicated.
Corporate Financial Structure M&A Performance.
LIU Raymond HABIB Mohsin ZHU Shiwu
College of Management, University of Massachusetts Boston, Boston, USA 02125 School of Management, D College of Management, University of Massachusetts Boston, Boston, USA 02125 School of Economics and Management, Tsinghua University, Beijing, China 100084
国际会议
大连
英文
612-616
2012-07-07（万方平台首次上网日期，不代表论文的发表时间）