外资并购我国上市公司的绩效及其影响因素分析

《外资并购我国上市公司的绩效及其影响因素分析》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、浙江工业大学硕士学位论文外资并购我国上市公司的绩效及其影响因素分析姓名：胡霄峰申请学位级别：硕士专业：技术经济及管理指导教师：汪少华;卜庆军20061101浙江工业大学硕L学位论文外资并购我国E市公司的绩效及其影响因素分析RESEARCH0NPERFORMANCE0FM&^OFLlSTEDCORPORATIONBYFOREIGNCAPITALANDF^CTORSWHICHAFFECTTHEPERFORMANCEOFM&ABYFOREIGNCAPITALABSTRACTInthispaper,wereviewtheinternationalM&AmotivationandM&Aperf

2、ormancetheory．Onthebaseofthereview,wesummarizefivemainfactorswhichinfluencetheperformanceofM&Abyforeigncapitalthen晰ngforwardsomerelevanthypotheses．Inempiricalresearchpart，wetrytocollectthestylebooksofM&Aoflistedcorporationbyforeigncapitalwhichhappenedfrom1995totheendof2003．Inordertoresearchperf

3、ormanceofM&Aoflistedcorporationbyforeigncapitalandmeanwhileverifyingormodifyingthehypotheses，weapplythemodelofdateenvelopmentanalysis(DEA)．Nonparame砸cTest．One—wayANOVAandcasestudymethodologytoanalyzeoperationperformanceoflistedcorporationandtheperformanceofM&Abyforeigncapital．Theresultsofernpir

4、iealresearchrevealUSfivemainconclusions：first，M&AoflistedcorporationbyforeigncapitalCallimproveoperationperformanceoflistedcorporation；second,M&AoflistedcorporationbyforeigncapitalCanimproveoperationperformanceoflistedcorporationinmanufactureindustryobviously；third，M&APerformanceofforeigncapita

5、linthepattemofprivateplacementarebetterthanM&APerformanceofforeigncapitalinthepatternofbuy-outshares；fourth，theindustrycorrelationbetweenforeigncorporationanddomesticcorporationhaspositive塑垩三些查兰婴主兰竺丝皇叁查茎堕塞旦兰堕竺塑塑丝垫墨茎墅堕里鲞坌堑correlationwithPerformanceofM&AbYforeigncapital；Fifth,M&APerformanceoffore

6、igncapitalwhichhavedominateroleinlistedcorporation81"enomorethanM&APerformanceofotherforeigncapitalwhichdon’thavedominateroleinlistedcorporation．IIltheend,accordingtoresearchconclusion,weprovidesomevaluablereferenceandsuggestiontothegovernmentandlistedcorporations．KEYWORDS：M&Abyforeigncapital；L

7、isledcorporation；Operationperformance；PerformanceofM&Abyforeigncapital；Dateenvelopmentanalysis(DEA)IlI浙江工业大学学位论文原创性声明本人郑重声明：所提交的学位论文是本人在导师的指导下，独立进行研究工作所取得的研究成果。除文中已经加以标注引用的内容外，本论文不包含其他个人或集体已经发表或撰写过的研究成果，，也不含为获得浙江工业大学或其它教育机构的学位证书而使