Proceedings of the 2013 International Academic Workshop on Social Science

Research on Influencing Factors of M&A Performance in China’ Listed Companies——Based on the Perspective of Property

Authors
Fanglu Gao, Shuxian Tian, Lei Hu
Corresponding Author
Fanglu Gao
Available Online October 2013.
DOI
https://doi.org/10.2991/iaw-sc.2013.68How to use a DOI?
Keywords
M&A performance; nature of property; government intervention
Abstract
This paper studied the differences of mergers and acquisitions’ performances between state-owned and private enterprises using the factor analysis, following this was the regression analysis of the factors affecting the performance of M&A from the perspective of government intervention. The empirical results show that there are differences between state-owned and non-state-owned listed companies in M&A performance. Financing quantity is positively related to the M&A performance. Free cash flow and degree of social responsibility are negatively related to the M&A performance. Controlling shareholder equity ratio has heterogeneity effect on M&A performance.
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Proceedings
International Academic Workshop on Social Science (IAW-SC-13)
Part of series
Advances in Intelligent Systems Research
Publication Date
October 2013
ISBN
978-90-78677-84-0
ISSN
1951-6851
DOI
https://doi.org/10.2991/iaw-sc.2013.68How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Fanglu Gao
AU  - Shuxian Tian
AU  - Lei Hu
PY  - 2013/10
DA  - 2013/10
TI  - Research on Influencing Factors of M&A Performance in China’ Listed Companies——Based on the Perspective of Property
BT  - International Academic Workshop on Social Science (IAW-SC-13)
PB  - Atlantis Press
SN  - 1951-6851
UR  - https://doi.org/10.2991/iaw-sc.2013.68
DO  - https://doi.org/10.2991/iaw-sc.2013.68
ID  - Gao2013/10
ER  -