Does Corporate Governance Affect M&A Performance?

被引:0
|
作者
Liu, Jiangna [1 ]
Zhao, Libin [1 ]
机构
[1] Beijing Jiaotong Univ, Inst Econ & Management, Beijing 100044, Peoples R China
来源
关键词
corporate governance; acquisition performance; board; ownership structure; AGENCY PROBLEMS;
D O I
暂无
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
Studied the association between the long-term performance of M&A and corporate governance, based on the data from the companies that have had M&A activities during 2006 in China's A share market. Empirical results show that: the board size and long-term performance of mergers and acquisitions have a U-shaped relationship; executives' ownership of stocks does not alleviate the agency problem and has a negative impact on the long-term performance of mergers and acquisitions; the concentration of stock equity is significantly negatively related to long-term performance of M&A.
引用
收藏
页码:387 / +
页数:2
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