期刊名称:Organizations and Markets in Emerging Economies
印刷版ISSN:2029-4581
出版年度:2015
卷号:6
期号:2
页码:67-102
DOI:10.15388/omee.2015.6.2.14222
出版社:Vilnius University
摘要:The goal of the study is to analyse whether Chinese Mainland companies were paying higher premiums for similar target companies in Europe in comparison with Europe-based companies during the period of 2000-2013. To determine the difference between premiums paid by Chinese and European companies, two samples were analysed: one represented all Chinese acquisitions in Europe which matched the set criteria, another included comparable European targets acquired by European companies. Quantitative research methods were applied to measure statistical difference in the premiums of the two samples. Results of the research indicate that the average premiums paid by Chinese companies are double the size of the European acquisition premiums for the similar target company in Europe. Significant evidence suggests that premiums of Chinese and European companies for similar targets in Europe are not equal.
关键词:mergers and acquisitions; Chinese companies; European companies; premiums
其他关键词:mergers and acquisitions;Chinese companies;European companies;premiums