国内企业并购绩效影响因素综述

Review on the Factors Influencing the Performance of Mergers and Acquisitions of Domestic Enterprises

随着对企业并购行为研究的深入,与并购相关的一系列议题也成为国内外学者研究的热点。文章通过对国内学者有关企业并购绩效评价的文章进行分析和述评,旨在研究不同因素对企业并购绩效目标实现的影响。结果发现并购类型、并购动机、支付方式、产业周期及文化等因素都会对我国企业并购绩效产生影响。

With the in-depth study of companies’acquisitions, scholars have focused on a series of hot acquisition-related is-sues. At present, some domestic scholars also evaluate the performance of M ＆ A from a macro perspective, but others may take factors which effecting the performance into consideration. Results showed that, the factors such as M ＆ A types, acqui-sition motivations, payment, industry cycles and culture, may have an impact on China＇s M ＆ A performance.