Title :
Empirical analysis of performance in acquisitions based on different motives
Author :
Liu, Hongjiu ; Hu, Yanrong ; Ma, Weimin
Author_Institution :
Sch. of Magement, Changshu Inst. of Technol., Changshu, China
Abstract :
In order to know how the motive of acquisition influences on its performance, multi-Dimensional analysis and regression analysis are used to analyze the sort of motives and relation between motives and long-term performance. Research indicates performance of acquirers in pre-acquisition and post-acquisition increases remarkably based on synergy motive, acquisitions based on agency motive do not create value in long term, acquirers with high ROE and ROA is more possibly based on synergy motive than those based on agency motive.
Keywords :
corporate acquisitions; economics; regression analysis; ROA; ROE; agency motive; merger and acquisitions; multidimensional performance analysis; regression analysis; synergy motive; Corporate acquisitions; Educational programs; IEEE news; Multidimensional systems; Performance analysis; Regression analysis; Sorting; Statistics; Stock markets; Testing; Performance; acquisitions; motive;
Conference_Titel :
Management of Innovation and Technology (ICMIT), 2010 IEEE International Conference on
Conference_Location :
Singapore
Print_ISBN :
978-1-4244-6565-1
Electronic_ISBN :
978-1-4244-6566-8
DOI :
10.1109/ICMIT.2010.5492916
