中国物流业并购绩效的实证研究

An empirical research for the performance of M&A in logistic industry in china

随着中国经济的高速发展,国内市场与国际市场的进一步融合,国内物流业并购风起云涌。本文以2003年至2005年发生并购事件的企业为样本,通过对样本企业并购前后的财务指标进行量化分析,运用K均值差异性分析和趋势分析方法,对并购事件对我国物流业经营绩效的影响进行了检验,并提出了相应建议。

With rapid development of Chinese economic and the further integration of domestic market and international market, the merger and acquisition in domestic logistics industry largely emerge. Using the samples of the companies which have experienced the merger and acquisition from 2003 to 2005, we make the empirical research to test the performance of the merger and acquisition to the domestic logistics industry by the means of different test and the trend analysis, and finally we put forward some points of relevant policy recommendations.