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東亞併購市場:過去二十年大中華區跨國併購交易之研究 (2008). East Asian M&A: Determinants of Cross-Border Deal Value from Greater China

Abstract
碩士. 國立政治大學. 國際經營管理碩士班(IMBA). 94933029. 97. [[abstract]]過去二十年大中華區跨國併購交易之研究. [[abstract]]This paper focuses on the trends and determinants of merger and acquisition (M&A) deal flows from acquiring firms located in China, Hong Kong and Taiwan to target firms across these boundaries. Based on gravity hypotheses – that larger target market sizes increase M&A activity and greater distance (cultural, administrative, geographic, and economic differences) between acquirer and target decrease activity – statistical techniques are used to provide a “first cut” identification of motivations for M&A activity and of tendencies for acquirer firms to pay more or less than a theoretical standardized M&A event based on the results.. [[tableofcontents]]Abstract                           1 Introduction                         1 What is FDI?                          2 Decomposing FDI                       5 Explosive Growth in Cross-Border M&A             6 Understanding M&A                     10 Data                            12 Methodology and Estimation Strategy             16 Explanatory Variables                    17 RESULTS                         22 CONCLUSIONS – AN EXTENDED RESEARCH AGENDA    31 References                         35 Appendix 1.1: Gravity Model Variable Description        38 Appendix 2: Hofstede Cultural Index              40 Appendix 3: Chinn-Ito Openness Index             41 Appendix 4.1: Regression Results                42 Appendix 4.2: Descriptive Statistics               48 Appendix 5: Datasets for an Extended Research Agenda      51

Publication details
Download [[uri]]http://nccuir.lib.nccu.edu.tw/handle/140.119/33950
Contributors [[advisor]]傅冶天
Repository National Chengchi University Institutional Repository (Taiwan)
Keywords 東亞併購市場
Type 學位論文, thesis
Language [[iso]]en
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