Financing Constraints, Payment Methods and M&A Performance

DOI

10.2991/aebmr.k.200306.041How to use a DOI?

Keywords

cultural enterprises, financing constraints, payment methods, M&A performance

Abstract

This paper selects 211 M&A transaction events of A-share listed cultural enterprises from 2013 to 2016 as a sample to study the impact of financing constraints on M&A performance. Through empirical analysis, it is found that the financing constraints of cultural enterprises are positively related to M&A performance. It is beneficial for cultural enterprises to choose stock payment in the process of mergers and acquisitions; the choice of stock payment in the process of mergers and acquisitions of cultural enterprises has a positive impact on the performance of mergers and acquisitions; in the process of financing constraints affecting the performance of cultural enterprises, the payment method play an intermediary role.

Copyright

© 2020, 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/).

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TY  - CONF
AU  - WANG Yajie
PY  - 2020
DA  - 2020/03/11
TI  - Financing Constraints, Payment Methods and M&A Performance
BT  - Proceedings of the 5th International Conference on Financial Innovation and Economic Development (ICFIED 2020)
PB  - Atlantis Press
SP  - 235
EP  - 240
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200306.041
DO  - 10.2991/aebmr.k.200306.041
ID  - Yajie2020
ER  -