A Research into the Policy Cause of Transnational M&As in China——Based on the Perspective of the Comparison of the Performance of
Foreign M&As and Private M&As
A Research into the Policy Cause of Transnational M&As in China——Based on the Perspective of the Comparison of the Performance of
Foreign M&As and Private M&As
QIU Wei nian 1，OUYANG Jing bo 2，LIN Jia rong 3
（1.3.School of International Business Administraton, Guangdong University of Foreign Studies,Guangzhou 510420,China; 2.School of Management, Jinan University, Guangzhou 510632, China）
Abstract
Foreign M&As are generally favored in our country, but with the increasing openness of China’s M&As market, examining foreign M&As and private M&As properly has become an imminent and hot issue. The authors took the foreign and private M&As of listed companies of our country as research samples, and compared and tested the long term and short term market performance of target companies in the two mergers and acquisitions. The study indicates the short term performance of foreign M&As tends to be significantly better than that of private M&As while the long term performance of foreign M&As is significantly lower than that of private M&As. It not only helps us to evaluate the performance of them, but also helps to reveal the trend of our future M&A policy.
QIU Wei-Nian-,OU Yang-Jing-Bei-,LIN Jia-Rong-. A Research into the Policy Cause of Transnational M&As in China——Based on the Perspective of the Comparison of the Performance of
Foreign M&As and Private M&As. Economic Survey, 2011, 28(6): 077.
2011, Vol. 28 
