The research of negotiated acquisition's premium of listed companies

DOI

10.2991/febm-17.2017.139How to use a DOI?

Keywords

the negotiated acquisition's premium, equity nature ,company scale,asset liability ratio, empirical analysis

Abstract

In recent years, the mergers and acquisitions premium rate has been rising rapidly,totally beyond the rational expectations of the capital market and investors. Thus, this paper constructs the theoretical model based on the features of target companies in negotiated acquisition. The study found that: the relationship between the target company's scale and the premium of the negotiated acquisition changes with the nature of the equity, which also happens on the relationship between the asset liability ratio and the premium. In addition, the state-owned equity obtains acquisition premium which is significantly lower than the non-state owned equity.

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/).

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TY  - CONF
AU  - Xiangjun Yuan
AU  - Yan Zhou
PY  - 2017/10
DA  - 2017/10
TI  - The research of negotiated acquisition's premium of listed companies
BT  - Proceedings of the Second International Conference On Economic and Business Management (FEBM 2017)
PB  - Atlantis Press
SP  - 1041
EP  - 1047
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-17.2017.139
DO  - 10.2991/febm-17.2017.139
ID  - Yuan2017/10
ER  -