Performance of Listed Companies after Merger & Acquisition in Medical Industry
- VernacularTitle:我国医药行业上市公司并购绩效的实证研究
- Author:
Lan QIU
;
Ying BIAN
;
Yitao WANG
- Publication Type:Journal Article
- Keywords:
Medical industry;
Listed companies;
Merger & acquisition;
Performance
- From:
China Pharmacy
2005;0(19):-
- CountryChina
- Language:Chinese
-
Abstract:
OBJECTIVE:To evaluate the subsequent performance after the merger & acquisition (M&A) in the form of cash in medical industry during 3 years from 2000 to 2002.METHODS:Base on the financial data of the merging party and by means of principal component analysis and factor analysis,a scoring system was built for the evaluation of the performance of M&A so that the comparison of effect scores before and after M&A could be realized.RESULTS:The effect scores fluctuate dramatically after M&A,but finally reverted to the initial level before M&A.CONCLUSION:M&A in the form of cash failed to bring long-term profits to the entire medical industry.
