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1997年上市公司并购中的价款支付方式 被引量:1

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摘要 1997年深沪两市共有211家上市公司进行了资产重组,绝大部分公司的资产重组内容是股权或资产的兼并收购。其中现金是最重要的支付方式,资产置换支付和零成本收购也较为普遍,而国外广泛采用的股权支付方式在我国还没有先例。
作者 谭为民
机构地区 海通证券
出处 《证券市场导报》 1998年第6期50-53,共4页 Securities Market Herald
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  • 1朱国泓,王申.并购中的控制权私人收益:从福音到梦魇的根源——四川泰港与西藏天科并购重组ST包装的案例实证[J].管理评论,2007,19(9):46-54. 被引量:6
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  • 3Brealey R., Leland H. E., Pyle D. H. Informational Asymmetries, Financial Structure, and Financial Intermediation [ J ]. The Journal of Finance, 1977,32(2) :371-387.
  • 4Stulz R. M. Managerial Control of Voting Rights : Financing Policies and The Market for Corporate Control[ J]. Journal of Financial Economics, 1988,20 ( 3 ) : 25-54.
  • 5Amihud Y., Lev B., Travlos N. G. Corporate Control and The Choice of Investment Financing: The Case of Corporate Acquisitions [ J]. Journal of Finance, 1990,45(2):603-616.
  • 6Martin K. J. The Method of Payment in Corporate Acquisitions, Investment Opportunities, and Management Ownership[ J ]. Jour- nal of Finance, 1996,51(4) : 1227-1246.
  • 7Ghosh A., Ruland W. Managerial Ownership, Method of Payment for Acquisitions, and Executive Job Retention [ J ]. Journal of Finance, 1998,53(2) :785-798.
  • 8Nenova T. The Value of Corporate Voting Rights and Control: A Cross-country Analysis [ J ]. Journal of Financial Economics, 2003,68 ( 3 ) : 325-351.
  • 9Dyck A., Zingales L. Private Benefits of Control: An International Comparison[ J]. Journal of Finance, 2004,59(2) :537-600.
  • 10Faccio M., Masulis R. W. The Choice of Payment Method in European Mergers & Acquisitions[ J]. Journal of Finance, 2005,60 (3) :1345-1388.

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