Abstract
Studied the association between the long-term performance of M&A and corporate governance, based on the data from the companies that have had M&A activities during 2006 in China’s A share market.Empirical results show that: the board size and long-term performance of mergers and acquisitions have a U-shaped relationship; executives’ ownership of stocks does not alleviate the agency problem and has a negative impact on the long-term performance of mergers and acquisitions; the concentration of stock equity is significantly negatively related to long-term performance of M&A.
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Liu, J., Zhao, L. (2012). Does Corporate Governance Affect M&A Performance?. In: Tan, H. (eds) Technology for Education and Learning. Advances in Intelligent Systems and Computing, vol 136. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-27711-5_52
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DOI: https://doi.org/10.1007/978-3-642-27711-5_52
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