期刊文献+

反向收购、战略实施与企业绩效研究——以“新疆天润乳业”为例 被引量:1

On Reverse Merge, Strategy Implementation and Enterprise Performance: Taking Xinjiang Tianrun Dairy CO.,Ltd. as an Example
下载PDF
导出
摘要 2008年全球金融危机对世界股票市场造成强烈冲击,为稳定中国股市,中国证监会一度暂停企业IPO上市融资,使得反向收购(又称"借壳上市")成为企业上市的选择途径。本文以新疆天润乳业股份有限公司反向收购的实践为研究案例,采用单一案例的研究方法,对企业应该如何选择合理的壳资源,又该以何种方式将资本注入壳资源,以及反向收购对企业绩效有何种影响等问题进行了思考与研究,以求为企业上市提供理论支持。 The global financial crisis in 2008 caused great impact on the world's stock market,and in order to stabilize the stock market,the China Securities Regulatory Commission once suspended IPO financing of the enterprise,making the Reverse Merger(also called"Backdoor Listings")has become an important option for companies.Based on Xinjiang Tianrun Dairy CO.,Ltd.listing case,taking a single case study method,this paper researches how to choose a reasonable shell resource,how to put capital into the shell resource and what are the impacts of the Reverse Merger on firm performance,so as to provide theoretical support for the listing of enterprises.
作者 王鑫 Wang Xin(School of Business Administration,Xinjiang University of Finance&Economics,Urumqi Xinjiang 830012)
出处 《山东纺织经济》 2018年第3期20-22,28,共4页 Shandong Textile Economy
基金 新疆财经大学研究生科研基金项目 项目编号:XJUFE2017D003
关键词 反向收购 战略实施 企业绩效 reverse merger strategy implementation enterprise performance
  • 相关文献

二级参考文献27

  • 1Stein J.C. Rational Capital Budgeting in an Irrational World[J]. Journal of Business, 1996,69(4):429-455.
  • 2Baker M.,Wurgler J. Market Timing and Capital Structure[J]. Journal of Finance, 2002,57(1):1-32.
  • 3Shleifer A.,Vishny R.W. Stock Market Driven Acquisitions[J]. Journal of Financial Economies, 2003,70(3):295- 311.
  • 4Rhodes-Kropf M., Robinson D.T., Viswanathan S. Valuation Waves and Merger Activity:Tile Empirical Evidence[J]. Journal of Financial Economics, 2005,77 (3) : 561-603.
  • 5Dong M.,Hirshleifer D.,Richardson S. Does Investor Misvaluation Drive the Takeover Market [J]. Journal of Finance, 2006,61 (2) :725-762.
  • 6Ritter J.R. The Long-run Performance of Initial Public Offerings[J]. Journal of Finance, 1991,46(1):3-27.
  • 7Graham J.R.,Harvey C.R. The Theory and Practice of Corporate Finance:Evidence from the Field [J]. Journal of Financial Economics, 2001,60(2) : 187-243.
  • 8Rhodes-Kropf M.,Viswanathan S. Market Valuation and Merger Waves [J]. Journal of Finance, 2004,59(6): 2685-2718.
  • 9Ang J.S., Cheng Y. Direct Evidence on the Market Driven Acquisition Theory [J]. Journal of Financial Research, 2006,29(2) : 199-216.
  • 10Harford J. What Drives Merger Waves[J]. Journal of Financial Economics, 2005,77(3):529-560.

共引文献637

同被引文献1

引证文献1

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部