文档介绍：中国上市公司论文:基于财务指标评价法地中国上市公司并购绩效实证研究
【中文摘要】近年来,中国经济迅速发展,世界经济一体化进程加速,为了增强市场竞争力和获取更为丰厚地利润,,并购作为企业配置资源地手段,从企业微观发展方面,有利于企业实现规模效应,降低交易费用,开展多元化经营;从国家宏观调控方面,有利于产业结构调整,合理配置资源,,中国资本市场有效性明显不足,发展不够成熟,上市公司并购带有很强地投机性,频繁发生地上市公司并购活动是否能提升企业地绩效和增加股东地财富?如何检验上市公司地绩效是否提升?如何分析影响中国上市公司并购绩效地因素?这些都是值得理论界和实践界密切关注和深入研究地问题,,以企业并购绩效理论为基础,以沪深两市经过剔除筛选得到地有效并购事件作为研究样本,选用中国上市公司年报财务数据,采用财务指标评价法,构建中国上市公司财务指标体系,然后利用主成分分析法,构建中国上市公司并购绩效综合得分模型,根据所有样本并购绩效地综合得分、综合得分差值地均值和正值比例,分别分析样本公司并购后经营业绩地改善情况、,并对如何提升中国上市公司并购绩效提出了建议.
【英文摘要】In recent years , with the rapid development of China’s economic and the acceleration of the world economic integration, in order to enhance petitiveness and get more profit , mergers and acquisitions of panies in China have great growth. Theoretical studies suggest that as a means of allocating resources, to the development of enterprises, M&A can help enterprises to achieve economies of scale, to lower transaction costs, to carry out diversification. To the national macro-control, M&A is conducive to industrial restructuring and enterprise performance , as China’s securities market has not yet matured perfect, M&A of panies has seen an obvious speculation, so whether frequent M&A of panies can enhance corporate performance and increase shareholder wealth? How to te