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

DOI

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.

Copyright

© 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/).

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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  -