Using cluster analysis to evaluate the green M&A performance of manufacturing enterprises in China
Enterprise green development is a new development path.To effectively track M&A performance of manufacturing enterprises,this paper is based on M&A of the iron and steel enterprises,building a three-layer index system including M&A economic performance,environmental performance and social performance index,and using cluster analysis to evaluate the change of the M&A performance.The research results show that in the context of green development,there are two extremes in the post-merger performance of enterprises.Some enterprises have obtained higher economic performance and social performance through M&As.The other enterprises have obtained higher environmental performance through M&As.However,there are no enterprises obtained with higher economic performance,environmental performance and social performance at the same time.Therefore,it is a long way to balance the development of the economic prosperity,environmental protection and social welfare in future.The innovation of this paper is based on the Theory of Triple Bottom Line building a three-layer M&A performance index system,then using the hierarchical cluster analysis method to analyse M&A performances of manufacturing enterprises,and the result is more targeted.
Green development Iron and steel enterprises Cluster analysis M&A performance
Yingchun SONG Wanjie HUANG
School of Economics and Management,Hubei University of Technology
国际会议
武汉
英文
203-211
2018-08-21（万方平台首次上网日期，不代表论文的发表时间）