Notice of RetractionThe payment pattern of Merger and Acquisition: An empirical analysis from China´s listed companies

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

As the main component element of Merger and Acquisition, the choice of payment pattern has been paid more and more attention. All participants of Merger and Acquisition realizes that the design and choice of payment pattern have significant impact on the M & A, and directly affect the Shareholder´s income, M & A price and financing strategy. In order to test the relationship between the short-term market performance and the choice of different payment pattern, this paper collected the M & A activities in China´s listed companies from the year 2005 to 2007, and divided them into five kinds of testing data according to the different payment pattern. Moreover we made several suggestions on the listed companys´ M & A payment pattern according to the empirical results.