Performance Evaluation of Cross-border Mergers and Acquisitions for Chinas Resource-based Enterprises

摘要：

　　As the cross-border mergers and acquisitions of Chinas resource-based enterprises have been developing fast in the recent years, the performance evaluation of them has been paid high attention by researchers.We chose the resource-based enterprises as samples which had finished their cross-border M&A in 2008, and build an indicator system from profitability, operating capability developing ability, and debt paying ability.Then we handle the 15 samples with the PCA and DEA model to calculate their performance value of the three years before and after their cross-border M&A.This paper comes to the conclusion that the performance of Chinas resource-based enterprises after cross-border M&A has been promoted obviously in short-term but not obviously in long-term.

关键词： Resource-based Enterprises Cross-border M&A Performance Evaluation DEA

作者: ZHANG San-qing DENG Ge MENG Fan-chen

作者单位: Sinopec Beijing Oil Products Company,Beijing 100022 Beijing Institute of Technology,Beijing 100081

会议类型: 国际会议

会议名称: 2013 International Conference on Business Analytics and Management Science (2013商务分析与管理科学国际会议)

会议地点: 北京

会议语种:英文

页码: 232-242

在线出版日期: 2013-11-23（万方平台首次上网日期，不代表论文的发表时间）