摘要
目前中国资本市场中并购的主要模式是买壳上市和国有股划拨 .通过运用回归方法对买壳上市的动机进行检验 ,结论是以炒作为主要动机的收购行为占据主导地位 .通过因素分析 ,本文认为在上述两种主要的并购模式下 。
Currently in China there are two main means to acquire listed companies: back-door listing and state-owned equity transfer. After verified by regression methodology, the motives behind back-door listing are to pursue inside trading. Furthermore, as far as share price response patterns are concerned, there is no significant difference between the two acquisition means after acquisition cases are studied by factor analysis.
出处
《系统工程理论与实践》
EI
CSCD
北大核心
2002年第2期84-89,共6页
Systems Engineering-Theory & Practice
基金
国家杰出青年基金"金融工程与金融复杂性"( 70 0 2 5 30 3)
关键词
并购动机
股权划拨
股价反应
证券市场
股票价格
上市公司
motives behind acquisition
back-door listing
state-owned equity transfer
share price responses
