The research of negotiated acquisitions premium of listed companies
In recent years,the mergers and acquisitions premium rate has been rising rapidly,totally beyond the rational expectations of the capital market and investors.Thus,this paper constructs the theoretical model based on the features of target companies in negotiated acquisition.The study found that: the relationship between the target companys scale and the premium of the negotiated acquisition changes with the nature of the equity,which also happens on the relationship between the asset liability ratio and the premium.In addition,the state-owned equity obtains acquisition premium which is significantly lower than the non-state owned equity.
the negotiated acquisitions premium equity nature company scale asset liability ratio empirical analysis
Xiangjun Yuan Yan Zhou
Nanjing University of Science & Technology,China
国际会议
上海
英文
1041-1047
2017-10-21（万方平台首次上网日期，不代表论文的发表时间）