并购绩效与股权结构实证研究  

Empirical Research on Acquisition and Ownership Structure

作　　者：王琳[1] 张睿[2] 

机构地区：[1]东北大学工商管理学院,辽宁沈阳110004 [2]沈阳体育学院教务处,辽宁沈阳110000

出　　处：《长春金融高等专科学校学报》2006年第4期29-33,共5页Journal of Changchun Finance College

摘　　要：并购是公司为了更大地提高本身的利润而进行的一种商业活动。应分析西方并购史典型的五次浪潮和中国现阶段市场经济中并购历程,研究中国上市公司并购的理论和实践创新仍是我们所面临的重要任务。通过普通回归和模糊回归两种方法对数据进行分析处理,在已知的数据下得到并购绩效与股权结构的关系:公司控制权的争夺有利于公司绩效的提高;并购并未带来非常明显的绩效提高;第一大股东不宜绝对控股。Acquisition is a commercial activity for a company to further increase their profits. The typical five waves in western acquisition history and acquisition under market economic in current China are to be analyzed. We still face the important task to research the acquisition theories and practical innovation of Chinese listed companies. Using the ways of general return and vague return to analyze the data, and the relationship between acquisition and ownership structure： the scramble for the control of the company improves performance; acquisition does not bring obvious performance; it is not suitable for the first major shareholder to hold absolutely.

关 键 词：并购 并购绩效 股权结构 

分 类 号：F276.6[经济管理—企业管理]