Research on Influencing Factors of M&A Performance in China’ Listed Companies——Based on the Perspective of Property
- 10.2991/iaw-sc.2013.68How to use a DOI?
- M&A performance; nature of property; government intervention
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.
- © 2013, 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 - 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 - Proceedings of the 2013 International Academic Workshop on Social Science PB - Atlantis Press SP - 317 EP - 320 SN - 1951-6851 UR - https://doi.org/10.2991/iaw-sc.2013.68 DO - 10.2991/iaw-sc.2013.68 ID - Gao2013/10 ER -