并购类型与并购绩效  

M&A Type and M&A Performance

作　　者：王伟[1] WANG Wei(Anhui University of Finance and Economics,Bengbu 233000,China)

机构地区：[1]安徽财经大学

出　　处：《价值工程》2019年第18期68-70,共3页Value Engineering

摘　　要：本文以2010-2016年上市公司控制权发生变更的并购事件为样本,以财务指标为基础,应用主成分分析法建立模型,通过并购前一年和并购当年,并购后一年,并购后两年进行比较,对并购类型与并购绩效之间的关系进行了实证分析。实证研究结果表明,资产并购可以提高并购绩效,股权转让对并购绩效影响效果比较差。This paper takes the M&A event of the change of control of listed company in 2010-2016 as a sample, based on financial indicators, and establishes the model by principal component analysis method. Through the comparasion of 1 year before the M&A, the year of M&A,and 1 year after the merger, two years after the merger,an empirical analysis of the relationship between M&A types and M&A performance is conducted. The empirical research results show that asset mergers and acquisitions can improve the performance of mergers and acquisitions, and the effect of equity transfer on M&A performance is relatively poor.

关 键 词：并购类型 并购绩效 

分 类 号：F271[经济管理—企业管理] F224[经济管理—国民经济]