| 股权结构对上市公司并购倾向性影响的实证分析 |
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| 引用本文： | 蔡阳,马海峰.股权结构对上市公司并购倾向性影响的实证分析[J].淮海工学院学报,2006,15(2):80-83. |
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| 作者姓名： | 蔡阳 马海峰 |
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| 作者单位： | 淮海工学院经济管理系,江苏连云港222001 |
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| 基金项目： | 淮海工学院人文社会科学立项资助项目（S2005002） |
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| 摘 要： | 从理论分析角度考察股权结构对并购倾向性的影响，选取2003年发生并购的上市公司作为样本，同时，运用T检验、Logistic回归分析等方法进行分析，得出股权结构对上市公司并购倾向性影响的结论，即国有股比例、第一大股东持股比例的影响为负向，流通股比例的影响为正向。
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| 关 键 词： | 股权结构 目标企业 Logistic回归分析 |
| 文章编号： | 1672-6685（2006）02-0080-04 |
| 收稿时间： | 2006-01-10 |
| 修稿时间： | 2006-03-19 |
Effect of Ownership Structure on the Tendency of M & A: An Empirical Study |
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| CAI Yang,MA Hai-feng.Effect of Ownership Structure on the Tendency of M & A: An Empirical Study[J].Journal of Huaihai Institute of Technology:Natural Sciences Edition,2006,15(2):80-83. |
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| Authors: | CAI Yang MA Hai-feng |
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| Abstract: | This paper investigates into the effect of ownership structure on the tendency of M & A from the perspective of theoretical analysis. By T Test and logistic regression analysis, we analyze the swatch consisting of listed companies that were merged or acquired in 2003. We proceed to make an empirical study and conclude on the ways that ownership structure affects the tendency of M & A of listed companies. To be specific, the ratio of state-owned stock and minority shareholder's stock affects the occurrence of M & A negatively while the ratio of publicly traded stock promotes the occurrence. |
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| Keywords: | ownership structure target flrms logistic regression analysis |
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