中国证券市场并购行为绩效的实证分析

企业并购是证券市场上资源配置的重要方式,它对企业经营绩效有着重大的影响。本文在回顾相关文献资料的基础上,采用统计方法对近年来我国证券市场的并购行为进行了分析,得出了不同并购行为所产生的不同并购绩效结果,分析了影响并购绩效的相关因素,并提出了若干改善企业并购绩效的政策建议。

An Empirical Study on Performance of Mergers and Acquisitions in Chinese Security Markets

Buyout between businesses is an important tool of ecsnomicresource allocation in security market, which have magnitude influencesto operation performance of business. On the basis of reviewing relatedliteratures, this paper analyzed buyout cases of China security market bystatistics approaches, our conclusion is that different buyout behaviorscould result in different operation performances. Meanwhile, this paperalso analyzed some factors that effect acquisition performance, and putforward several policy suggestions in approving business acquisitionperformance.