Study on corporate governance based on acquirer's long-term performance analysis

  • Jia Zhang*
  • , Liyan Han
  • *Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

This paper is the first attempt to investigate into the relationship between the overall governance level and firm performance. Using 114 M&As occurred during 2006-2007, this paper investigates the relationship between the corporate governance of listing firms in China and the performance after M&As. The result shows that board size, CEO salary, and the share percentage held by the blockholder have significant impacts on firm performance after M&As. Whether firms are state owned, the counterbalance among shareholders can impact firm performance after M&As together with share percentage held by the blockholder. By constructing an index which can reflect the comprehensive corporate governance, this paper also concludes that the general corporate governance has positive impact on firm performance.

Original languageEnglish
Title of host publicationProceedings of the International Conference on Information Engineering and Applications, IEA 2012
Pages49-55
Number of pages7
EditionVOL. 3
DOIs
StatePublished - 2013
Event2nd International Conference on Information Engineering and Applications, IEA 2012 - Chongqing, China
Duration: 26 Oct 201228 Oct 2012

Publication series

NameLecture Notes in Electrical Engineering
NumberVOL. 3
Volume218 LNEE
ISSN (Print)1876-1100
ISSN (Electronic)1876-1119

Conference

Conference2nd International Conference on Information Engineering and Applications, IEA 2012
Country/TerritoryChina
CityChongqing
Period26/10/1228/10/12

Keywords

  • Blockholder
  • Corporate governance
  • Firm performance
  • M&As

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