Empirical Study Based on Factor Analysis of M&A Performance in Listed High-tech Enterprises
This test put merger and acquisition (M&A) events in listed high-tech enterprises in 2005 as a sample of research, and select 12 financial indicators which used to measure the performance of M&A, using factor analysis method, investigate the changes in performance years before and after the M&A espectively in units of overall sample and classified ample companies.The results show that: there is a first rose and then down process of the performance in the mass in the listed high tech enterprises years before and after M& A, improving the performance of the company to a certain extent, but there is no significant difference between each year; their industry relevance、ownership structure、 relative size of M&A 、whether they are the related-party transactions and so on produce varying degrees of M&A performance; tech sector M&A activities of listed companies are mostly short-term behavior, and there is less technological factors in M & A.
factor analysis listed high-tech enterprise M&A performance
Wang Xinhong Yao Xiaojing Wei Runna
Xian University of Science & Technology
国际会议
The 4th Conference on Chinas Economic Operation Risk Management(2010·Shanghai)(第四届中国立信风险管理论坛)
上海
英文
187-192
2010-10-14（万方平台首次上网日期，不代表论文的发表时间）