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- W2374471370 abstract "The decrease of transaction costs and the costs of ownership will improve the efficiency of M A, especially in Chinese transitional economy. This article analyzes three types of M A: shortening of the agency line, vertical merger and increase focus. In this paper they are examined by calculating CAR and T-test. The result infers that the efficiency of M A is related to the transaction costs and the costs of ownership. Namely, the origin of the value of M A is the decrease of transaction costs and the costs of ownership." @default.
- W2374471370 created "2016-06-24" @default.
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- W2374471370 date "2004-01-01" @default.
- W2374471370 modified "2023-09-23" @default.
- W2374471370 title "Value Analysis of M & A in Transitional Economy" @default.
- W2374471370 hasPublicationYear "2004" @default.
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