Empirical research on M&A performance of private enterprises in China |
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Authors: | Xiaopeng Zou Qiuping Wei Bo Zhang |
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Institution: | (1) Institut Sup?rieur de Gestion, University of Sousse, Sousse, Tunisia |
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Abstract: | With the development of the security market and the growing power of the private enterprises, the M&A(Mergers and Acquisition)
of private enterprises is becoming increasingly popular. This article selects the M&A cases in Shanghai and Shenzhen Exchanges
from 2000 to 2001 and examines the performance of private enterprises pre- and post-M&A based on the financial index method
and the event study method. The research reveals that the M&A performance is mixed in China. Meanwhile, the empirical research
indicates that the stock market overreacts to the M&A events. |
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Keywords: | |
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