并购公告的市场效应——基于中国收购方的研究-金融学专业论文.docx

万方数据 万方数据 Contents HYPERLINK \l _bookmark0 Abstract i HYPERLINK \l _bookmark1 摘 要 ii HYPERLINK \l _bookmark2 Introduction 1 HYPERLINK \l _bookmark3 Research background 1 HYPERLINK \l _bookmark4 Need for study and research purpose 3 HYPERLINK \l _bookmark5 Main contributions 4 HYPERLINK \l _bookmark6 Framework of this paper 5 HYPERLINK \l _bookmark7 Concepts and theories about MA 6 HYPERLINK \l _bookmark8 Definition of MA 6 HYPERLINK \l _bookmark9 Motivations behind MA transactions 6 HYPERLINK \l _bookmark10 Synergy effect theory 6 HYPERLINK \l _bookmark11 Agency theory 7 HYPERLINK \l _bookmark12 Hubris hypothesis 8 HYPERLINK \l _bookmark13 Review of the literature 10 HYPERLINK \l _bookmark14 Foreign literature 10 HYPERLINK \l _bookmark15 Evidence for acquiring companies 10 HYPERLINK \l _bookmark16 Evidence for target companies 11 HYPERLINK \l _bookmark17 Evidence for combined parties 12 HYPERLINK \l _bookmark18 Domestic literature 13 HYPERLINK \l _bookmark19 Evidence for acquiring companies 13 HYPERLINK \l _bookmark20 Evidence for target companies 14 HYPERLINK \l _bookmark21 Summary 14 HYPERLINK \l _bookmark22 Data and research design 15 HYPERLINK \l _bookmark23 Data description 15 HYPERLINK \l _bookmark24 Data source 15 HYPERLINK \l _bookmark25 Sample collection criteria 15 HYPERLINK \l _bookmark26 Sample description 16 HYPERLINK \l _bookmark27 Research design 20 HYPERLINK \l _bookmark28 Empirical methodologies for measuring MA impact 20 HYPERLINK \l _bookmark29 Standard event study 22 HYPERLINK \l _bookmark30 Factors analysis 25 HYPERLINK \l _bookmark31 Empirical result and discussion 34 HYPERLINK \l _bookmark32 Results of event study 34 HYPERLINK \l _bookmark33 Results from acquiring companies 34 HYPERLINK \l _bookmark34 Results from target companies 37 HYPERLINK \l _bookmark35 Results from combined parties 39 HYPERLINK \l _bookmark36 Results of factor analysis 41 HYPERLINK \l _bookmark37 Results from acq