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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Zou, X., Wei, Q. & Zhang, B. Empirical research on M&A performance of private enterprises in China. Qual Quant 46, 639–651 (2012). https://doi.org/10.1007/s11135-010-9418-5
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DOI: https://doi.org/10.1007/s11135-010-9418-5