摘要
资产的并购重组已成为资本市场整合资源配置的重要途径,但是并购后业绩是否有所改善成为目前研究的热点。本文以沪深两市A股上市公司中制造业为样本,采用会计研究方法,对并购期间财务指标进行实证研究。结果表明,制造业并购后经营业绩有所提升,但缺乏长期性,企业必须充分重视资源的优化配置,充分利用政府调控职能,积极营造良好的并购环境,注重并购后整合的问题,提高企业内部的管理效率,以达到高效的并购目的。
M＆A have become an important way to the allocation of resources in capital market, whether the performance improved after M＆A is the focus of studies. The empirical study on financial indexduring M＆A is finished by using factor analysis method of accounting research, and the samples come from manufac- turing-listed corporations of Shanghai and Shenzhen stock exchange. The conclusion shows that the manufac- turing business improves the performance after M＆A, but lack of long-term. In order to achieve the purpose of M＆A. Manufacturing-listed corporations need to attaches great importance to the integration after M＆A ac- cording to our suggestions.
出处
《中原工学院学报》
CAS
2015年第5期94-97,共4页
Journal of Zhongyuan University of Technology
关键词
制造业上市公司
并购绩效
因子分析
manufacturing-listedcorporation
M＆A performance
factor analysis
