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In recent years, Chinese enterprises have conducted cross-border M&A more andmore frequently. Cross-border M&A becomes an important way to achieve internationalizationstrategy for Chinese enterprises. In this paper, taking China’s A shareslisted companies’ cross-border M&A in 2011 as samples, using the factor analysismethod to conduct Principal Component Analysis of multiple financial indicators,establishing comprehensive score function of each year’s performance, we thencompared and analyzed the performance before and after the M&A of listing enterprisesin China by the difference analysis table. We find that lots of cross-borderM&A don’t bring significant benefits to growth, so we think that Chinese enterprisesshould be cautious about cross-border M&A. At last, we give some suggestions tocross-border M&A.

KEYWORDS

Listed Enterprises, Cross-Border M&A, Performance, Factor Analysis

Cite this paper

Wang, D. and Peng, S. 2016 The Empirical Analysis of Chinese Listed Enterprises Cross-Border M&A Performance. Open Journal of Business and Management, 4, 741-750. doi: 10.4236-ojbm.2016.44072.





Autor: Dengge Wang, Shuolong Peng

Fuente: http://www.scirp.org/



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