The Influence of Listed Company’s Ownership Structure on M&A Performance
- 10.2991/aebmr.k.201211.072How to use a DOI?
- Ownership structure, M&A, Tobin’s Q Ratio, M&A performance
This paper selects the listed companies in China that successfully completed M&A in 2016 as samples to investigate the influence of ownership structure on corporate M&A performance-Tobin’s Q Ratio. The empirical regression results show that the degree of ownership concentration and the degree of ownership balance have a positive impact on the value of a company after M&A; The negative effect of state shares ratio on the value of the company after M&A is not significant; However, corporate shares ratio have a significant positive effect; At the same time, management shareholding can also have a positive impact on the short-term M&A performance.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Xiaotong Chen AU - Yucan Liu PY - 2020 DA - 2020/12/14 TI - The Influence of Listed Company’s Ownership Structure on M&A Performance BT - Proceedings of the Fifth International Conference on Economic and Business Management (FEBM 2020) PB - Atlantis Press SP - 420 EP - 425 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.201211.072 DO - 10.2991/aebmr.k.201211.072 ID - Chen2020 ER -