The Research about Chinese Corporations´ Performance Transition from Overseas Technology-Acquiring M&As

This article comparatively analyzes performance transition in two years that attributes to overseas technology-acquiring M&As carried out by listed companies in Shanghai and Shenzhen Stock Exchanges during 2000 to 2005. The result indicates, in the two years before and after M&As, those companies achieve a obvious rise in their net capital yield, main operating income growth rate and capital liability yield. Chronologically, companies that launched M&As after 2002 have better performance than that carried out M&As before 2002. Low-tech companies have better performance than that of hi-tech companies. Generally Chinese companies are able to achieve synergy from overseas technology-acquiring M&As.