金融危机、政府干预与企业跨国并购绩效

被引：5

作者：

徐晓慧 ^{[1
]}

李杰 ^{[2
]}

机构：

[1] 浙江大学经济学院

[2] 暨南大学产业经济研究院产业组织与规制研究所

来源：

国际贸易问题 | 2016年 / 06期

基金：

广东省自然科学基金; 中央高校基本科研业务费专项资金资助;

关键词：

金融危机; 政府干预; 跨国并购; 超额收益;

D O I：

10.13510/j.cnki.jit.2016.06.015

中图分类号：

F271 [企业体制];

学科分类号：

1202 ; 120202 ;

摘要：

本文通过比较金融危机前后我国企业跨国并购的超额收益,分析金融危机对企业跨国并购绩效和相关因素作用的影响。采用Bai-Perron多重断点检验判断金融危机初始点,利用单因素和双因素市场模型评估企业跨国并购的超额收益,得到核心结论如下:金融危机提高了我国企业跨国并购绩效。金融危机期间,企业跨国并购绩效的提高幅度先上升后下降再上升,呈N字型;政府直接干预和间接干预的作用开始显化。

引用

页码：167 / 176

页数：10

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