Empirical Analysis of Financial Risks of Corporate M&A Based on Big Data

DOI

10.2991/assehr.k.191221.109How to use a DOI?

Keywords

Merger and acquisition goodwill, Financial risk, Salary incentive, The problem of agency

Abstract

In order to study the relationship between goodwill and financial risk, and the role of corporate executives in controlling the relationship between the two, this paper took the 2013-2017 data of GEM listed companies as a sample, and used the statistical analysis tool of STATA. The paper firstly established the multiple regression model, then carried on the correlation analysis and the regression analysis, finally carried on the robustness test. The results show that there is a significant positive correlation between the merger goodwill and financial risk of the enterprise. In addition, executive holdings significantly weaken this positive correlation. What is unique about this paper is that few scholars use the “goodwill” of listed companies on the GEM as a variable to examine the relationship.

Copyright

© 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/).

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TY  - CONF
AU  - Xiao-xiao Deng*
PY  - 2020
DA  - 2020/01/09
TI  - Empirical Analysis of Financial Risks of Corporate M&A Based on Big Data
BT  - Proceedings of the 2019 3rd International Conference on Education, Economics and Management Research (ICEEMR 2019)
PB  - Atlantis Press
SP  - 454
EP  - 457
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.191221.109
DO  - 10.2991/assehr.k.191221.109
ID  - Deng*2020
ER  -