Dissertation > Excellent graduate degree dissertation topics show

The Study of M&A Payment-Method in Chinese Public Company

Author: CaiJia
Tutor: RenYongPing
School: Shanghai University
Course: Accounting
Keywords: Listed Company Merger Payment Information asymmetry Select Decision Analysis
CLC: F276.6
Type: Master's thesis
Year: 2009
Downloads: 650
Quote: 2
Read: Download Dissertation

Abstract


M \u0026 A transactions has been the the striking capital transactions, accounting and financial scholars have conducted extensive research on the issue. The domestic scholars previous studies focused on the performance of M \u0026 A transactions, with a little research on the process of mergers and acquisitions. M \u0026 A Payment as a process of mergers and acquisitions last part, an important influence on the success of mergers and acquisitions, the empirical studies have confirmed Payment will affect merger and acquisition effects. This article is a study of listed company M \u0026 Payment, the study focused on the choice of payment. Divided into two parts: theoretical and applied research in the arrangement of contents. In theoretical research, empirical results show that the influence of payment method choose two basic factors acquisitions both asymmetric information and financial impact. In this paper, first of all in accordance with the research purposes of the meaning of mergers and acquisitions were defined and analyzed various M \u0026 Payment. Followed by the theory of information economics, how to choose both the acquiring Payment Economic Analysis, reached the following conclusion: due to the acquisitions of the characteristics of both sides of asymmetric information, the different methods of payment for both sides there Reverse matter of choice, the completion of the transaction in the reality is, in some extent to eliminate the results of asymmetric information. The same time, if the target company to accept the stock to pay, then the target company after the completion of the merger and acquisition transactions and mergers and acquisitions company formation agency relationship, the target company to accept stock to pay compared to the cash payment to bear the associated agency costs. Finally, the article analyzes the financial factors influence the choice of payment methods. In applied research, conclusions based on theoretical studies mainly analyzed two aspects, one aspect of the country of Taian research database Payment data statistical analysis, draw the current situation of China's Listed Company Merger Payment 1998-2007 Payment over a single, centralized payment in cash, stock paid very little proportion, and an explanation of the reasons of the status quo; Another aspect is the study of the practical operation of the payment method selected, the first constructed based on EPS of M \u0026 pay The selection decision-making model, followed by analysis of each payment to the successful implementation of the key factors. The end of the article, a comprehensive analysis of the SAIC M \u0026 Payment Nanjing Automobile Group Case.

Related Dissertations

  1. Research on Liquidity Requirements and Efficiency in Large-value Payment Systems,TP301.6
  2. The Research on the Path of Promoting the Equalization of Basic Public Services between Rural and Urban Areas,D630
  3. The sight of Digital Library Information Service under the copyright problem,D923.41
  4. The consumers as flaws benefits the buyer 's right to relief,D923
  5. Material defects benefit, study,D923
  6. Empirical Research of the Scenario Planning for Mobile Payment Based on Bank,F626;F224
  7. Legal Issues in Electronic Payment,F832.2
  8. The Perfection of the Taking-Over System of Our Commercial Bank,F812.45
  9. Electronic bill of,D922.287
  10. A Study on Transfer of Hypothecated Chattel,D923
  11. On the Deficiencies and Improvements of the Administrative Litigation Judgment System in China,D925.3
  12. Credit Strategy of Commercial Bank for Small and Medium-sized Enterprises,F832.4
  13. Research on Legal Protection for Right to Know in Food Consumption,D923.8
  14. Design and Implementation of Financial Service Payment System Based on the Front-banking Integrated Platform,TP311.52
  15. Bank Agent Charge and Payment Business Platform Design and Implementation,TP311.52
  16. Drug Safety Supervision System Research and Implementation,F203
  17. Chinese IPO market effectiveness of the mechanisms of inquiry,F224
  18. \,F842.6
  19. Residential customers electricity immediate payment platform for the construction of,TM73
  20. PBOC2.0 specification based smart card reader design and application development,TN409
  21. Insider trading on stock liquidity impact study,F224

CLC: > Economic > Economic planning and management > Enterprise economy > A variety of enterprise and economic > Company
© 2012 www.DissertationTopic.Net  Mobile