The performance of M&As has been a disputatious question academically all the time.The focus of dispute exists not only in conclusion,but also in research method.To study the effect on the performance of M&As of listed companies in China, firstly,selecting the listed companies,whose M&As happened in 2001 as samples,analytic models are established by EVA;then,empirical tests of sample are done. Empirical results show: The event of M&As exert some right effect on performance of acquiring enterprises,and unremarkable negative effect on acquired enterprises;In general,the efficiency in the M&As market is low in our country.To prove the M&As performance,according to current relevant problems,some policy measures and proposalhave been put forward. |