Are Better Firms Acquired by Foreign Acquirers Rather Than Domestic Acquirers in China?
| 主讲人 |
陈爱贞教授 |
简介 |
<div style="line-height:200%"><b><span style="font-size:12.0pt;line-height:200%">Abstract</span></b></div>
<div align="left"><span style="font-size:12.0pt">This paper analyzes the determinants of domestic and cross-border M&As in China over the period 2000-2010. Our results show that </span><span style="font-size:12.0pt">f</span><span style="font-size:12.0pt">oreign acquirers tend to acquire firms in eastern coastal areas, non-SOEs and firms with high leverage, while domestic acquirers acquire much larger, older firms and more listed firms and prefer to acquire low profitable firms. Our findings suggest that domestic M&As are partly motivated by the desire to improve poorly performing firms and expand firm size and cross-border M&As are partly motivated by the desire to rapidly entry into Chinese eastern coastal markets. It is inconsistent with what is commonly worried about: better firms are acquired by foreign acquirers.</span></div> |
| 时间 |
2015-04-01(星期三)16:40-18:00 |
地点 |
N303 经济楼/Economics Building |
| 讲座语言 |
中文 |
主办单位 |
王亚南经济研究院、经济学院 |
| 承办单位 |
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类型 |
系列讲座 |
| 联系人信息 |
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主持人 |
林细细 副教授、方颖 教授 |
| 专题网站 |
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专题 |
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| 主讲人简介 |
<p><span style="line-height: 20px;">经济学院国贸系 教授 </span><br style="line-height: 20px;" />
<span style="line-height: 20px;">经济学博士、博士生导师 </span><br style="line-height: 20px;" />
<span style="line-height: 20px;">主要研究领域：产业组织理论、国际贸易理论与政策、跨国公司与国际投资及相关领域。向本科生和硕士研究生讲授《国际经济学》、《国际贸易》、《微观经济学》、《产业组织理论》等课程。 </span><br style="line-height: 20px;" />
<br style="line-height: 20px;" />
<span style="line-height: 20px;">主要研究与教学领域： 国际投资与贸易及产业发展 </span></p> |
期数 |
“WISE-SOE双周青年论坛”2015年春季学期第二期（总第51讲） |
