A Study of The Effect of Merger Strategies on Shareholders’ Value －Take the American Financial Industry for Example
Date Issued
2007
Date
2007
Author(s)
Yeh, Wei-Liang
DOI
zh-TW
Abstract
This study discuss about the relationship between the merger strategies and the ratio of shareholder’s value growth. Our samples are the cases of merger in the financial industry from the year of 2000 to 2003. There are 113 samples.
The results are below：
1.The scale of the parent company should be bigger than the subsidiary company.
2.The broker fees should be as less as possible.
3.The relationship between the premium of the payment and the ratio of shareholder’s value growth is not in evidence.
4.The use of merger to make one business more diversely does not make the ratio of shareholder’s value growth going up.
Subjects
併購
購併
策略
股東價值
merger
Shareholders
value
Strategies
Type
other
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