Title :
Empirical research on the value creation of merger & acquisition — Data from Chinese listed companies
Author_Institution :
Coll. of Econ. & Manage., Dalian Univ., Dalian, China
Abstract :
As the main form of an external way to grow, the advantage of M&A lies in its ability to enable enterprises to achieve rapid growth, that is M&A can bring enterprises value creation. However, it´s actually not the case. This paper selects 58 valid samples for analysis from 118 M&A events of Chinese listed companies in 2008, studies M&A value creation following two steps: all the M&A samples are studied first and the integration effect of the different types of M&A are compared respectively; the data used is the 2008-2011 annual report of listed companies in China, with the aim of M&A value creation analysis of listed companies in China in recent years by using Principal Component Analysis.
Keywords :
corporate acquisitions; principal component analysis; value engineering; China; Chinese listed companies; M and A value creation; acquisition; mergers; principal component analysis; Companies; Corporate acquisitions; Decision making; Economics; Industries; Security; empirical research; listed company; merger & acquisition; value creation;
Conference_Titel :
Information Management, Innovation Management and Industrial Engineering (ICIII), 2013 6th International Conference on
Conference_Location :
Xi´an
Print_ISBN :
978-1-4799-3985-5
DOI :
10.1109/ICIII.2013.6703010