Research on M&A Performance of Chinese listed TMT Companies

DOI

10.2991/iceemr-17.2017.15How to use a DOI?

Keywords

TMT, M&A, Company Performance, Principal Component Analysis

Abstract

The TMT industry is an emerging industry which links the telecommunication industry, the high-tech industry and the media industry on the basis of internet technology. In this paper, Principal Component Analysis (PCA) method is introduced to establish M&A performance evaluation model for Chinese A-share TMT companies in order to measure the fluctuation of M&A performances in Chinese TMT industry. It shows that the performance of the acquiring party increases before the M&A while declines after the M&A. The performances of most of the acquiring companies drop below the previous level after the M&A, meaning that M&A activities have no significant influence on improving the performances of the listed TMT companies in Chinese A-share market.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Liqi Liu
PY  - 2017/05
DA  - 2017/05
TI  - Research on M&A Performance of Chinese listed TMT Companies
BT  - Proceedings of the 2017 International Conference on Education, Economics and Management Research (ICEEMR 2017)
PB  - Atlantis Press
SP  - 63
EP  - 66
SN  - 2352-5398
UR  - https://doi.org/10.2991/iceemr-17.2017.15
DO  - 10.2991/iceemr-17.2017.15
ID  - Liu2017/05
ER  -