Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)

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Strata Regression Analysis-Based Research on the Impact of High-Premium M&A Goodwill on Profitability and Enterprise Value

Authors
Kaili Gao1, Xiaoyan Qi2, *, Jingxian Di1
1Southeast University Chenxian College, Nanjing, Jiangsu, China
2Southeast University, Nanjing, Jiangsu, China
*Corresponding author. Email: 2502970036@qq.com
Corresponding Author
Xiaoyan Qi
Available Online 20 December 2022.
DOI
10.2991/978-94-6463-030-5_146How to use a DOI?
Keywords
High-Premium M&A Goodwill; Stata; Multiple Linear Regression Model; Profitability; Enterprise Value
Abstract

This paper researches GEM-listed companies with performance commitments from 2013 to 2015, and establishes a multiple linear regression model, with Stata as the regression analysis tool, to study the impact of high-premium M&A goodwill on profitability and enterprise value. According to the results, with performance commitment as the guarantee, high-premium M&A goodwill has a negative impact on the company’s profitability in the years after M&A and has a positive impact on its enterprise value right after M&A, while it presents a negative impact on it in the next two to four years. The author introduces the concept of performance commitment into the relationship between goodwill, profitability, and enterprise value in times of high-premium M&A, hence filling up some limitations and providing references for improving performance commitment systems and internal governance mechanisms.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
20 December 2022
ISBN
10.2991/978-94-6463-030-5_146
ISSN
2589-4919
DOI
10.2991/978-94-6463-030-5_146How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Kaili Gao
AU  - Xiaoyan Qi
AU  - Jingxian Di
PY  - 2022
DA  - 2022/12/20
TI  - Strata Regression Analysis-Based Research on the Impact of High-Premium M&A Goodwill on Profitability and Enterprise Value
BT  - Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
PB  - Atlantis Press
SP  - 1465
EP  - 1476
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-030-5_146
DO  - 10.2991/978-94-6463-030-5_146
ID  - Gao2022
ER  -