頁籤選單縮合
題名 | 公司治理觀點之企業併購理論=The Theory of Merger and Acquisition of Business: The Perspective of Corporate Governance |
---|---|
作者 | 周賢榮; 李崑進; Chou, Shyan-rong; Lee, Kun-chin; |
期刊 | 華人經濟研究 |
出版日期 | 20130900 |
卷期 | 11:2 2013.09[民102.09] |
頁次 | 頁105-121 |
分類號 | 555.77 |
語文 | chi |
關鍵詞 | 公司治理; 併購; 支付方式; Corporate governance; Merger & acquisition; Payment method; |
中文摘要 | 本文提出以公司治理觀點詮釋企業併購的新理論。理論模型證明,若主併公司之治理品質為較佳者,則併購案的最佳選擇為現金支付方式;相對的,若主併公司之治理品質較差,則最佳的選擇為換股支付方式。本文認為,公司治理在企業併購過程中,扮演著相當重要的角色。 |
英文摘要 | This paper presents a new theory of business merger and acquisition (M&A) under corporate governance perspective. The results show that if the quality of corporate governance of acquiring corporate is better, the optimal payment of acquisition is by cash; relatively, if the quality is worse, the optimal payment is by exchanging stocks. This paper believes that corporate governance plays an important role in the process of M&A. |
本系統之摘要資訊系依該期刊論文摘要之資訊為主。