ACQUISITION IN CHINESE ENTERPRISES
Cardiff Metropolitan University
MetadataShow full item record
Abstract This study report developed the impacts on Mergers and Acquisitions (M&A) on shareholder’s return by the study of thirty-seven Mergers and Acquisitions (M&A) events which happened in thirty-seven Chinese listed companies between the certain decades. Moreover this paper explored the Mergers and Acquisitions (M&A) activities by statistically analyzing the abnormal returns (AR), average abnormal returns (AAR), cumulative average abnormal returns (CAAR), cumulative abnormal returns (CAR) and investigate motives of mergers and acquisitions, performance of the target firm, performance of the acquiring firm, size effect, free cash flow, state owned shares, and age of organization.. The results generally show that target companies were encouraged by a considerable positive growth in terms of value when acquirer companies obtain zero or even negative abnormal returns (AR)s. The result of this study also indicates that target companies experienced significant positive abnormal returns over acquirer companies. Key words: Cross-border mergers and acquisitions, Chinese listed company.
Showing items related by title, author, subject and abstract.
Does the use of project finance enhance shareholder value upon announcement of international joint ventures (IJVs)? Acquaye, David (Cardiff Metropolitan University, 2013)The empirical evidence relating to the stock market reaction to domestic joint ventures (JV) announcements suggest that the mean abnormal returns (MARs) and cumulative abnormal returns (CARs) are consistently positive, ...
Effects of return to sport following injury on psychological state and situational specific elements of performance within elite male rugby players Egal, Lewis (University of Wales, 2011)The aim of the current study was to explore the collective factors that influence an athlete’s psychological state prior to returning to performance after injury within the sport of rugby union, and how this may affect ...
Evered, Andrew; Walker, Darren; Watt, Andrew; Perham, Nick (Wiley, 2013)BACKGROUND: Acquisition of visual interpretation skills in cytopathology may involve 2 strategies. Analytic strategies require trainees to base their interpretive decisions on carefully considered and often exhaustive ...