非对称信息下的上市公司并购研究推荐.docVIP

硕 士 学 位 论 文 论文题目：非对称信息下的上市公司并购研究 A research on the listed company Merger and Acquisition under the Asymmetric Information Environment  非对称信息下的上市公司并购研究 中 文 摘 要 并购是促进公司进行优化资源配置功能的重要体现是实现产业升级和技术创新的有效途径。随着股权分置改革的基本完成，全流通制度下资本市场配置资源的功能进一步健全，上市公司并购总体数量增多、交易规模加大、方式创新丰富ABSTRACT Acquisition is the important embodiment in optimizing the allocation of resources, is to realize industry upgrading and technology innovation in an effective way. As equity division reform of basic finished, capital market in resource allocation function further to improve under all the circulation system, listed merger and acquisition in the overall population is increasing, trading scale expanding, mode innovation is rich. In this background, this paper through studying influence of the asymmetric information to be listed merger and acquisition, the hope for success future acquisition providing some useful suggestion. Existence of information asymmetry make the acquirer increase difficulties and cost of MA in choosing target companies, dealing with the target company, so that MA activities tend to fail, so in order to raise the possibility of listed company successful merger, it must deal with the problem of asymmetric information effectively. The first chapter of my research expounds background and significance, reviews the research results and the status. The second chapter of the papers defines listed company concept, and reviewed the asymmetric information theory. In chapter three, according to the asymmetric information theory, this paper analyses form and cause of asymmetric information in listed merger and acquisition, and separately from the three aspects in the acquirers choosing target companies, dealing with targeting company reverse merger, acquisition integration, this paper analyzes influence of asymmetric information in listed merger and acquisition. Chapter four of paper based on three aspects effect, introduces three typical cases, and analyzes asymmetric information performance