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dc.contributor.advisorJunttila Juha
dc.contributor.authorRyhänen, Santeri
dc.date.accessioned2017-06-21T14:05:45Z
dc.date.available2017-06-21T14:05:45Z
dc.date.issued2017
dc.identifier.otheroai:jykdok.linneanet.fi:1704223
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/54638
dc.description.abstractChinese firms participate in cross-border mergers and acquisitions (CBMA) in a constantly increasing rate. As China, the leading developing economy of the world keeps developing, the dynamics of value creation through CBMA change. This study examines the short-term performance of 41 CBMA deals by Chinese firms from 2012 to 2015. Results from the event study analysis show that, on average, Chinese companies should participate in CBMA. The first result of this study indicates that Chinese acquirer companies gain significant cumula-tive average abnormal returns (CAARs) from CBMA. The second result of this study is that Chinese acquirer companies gain bigger CAARs from CBMA when the acquiring firm and the target firm operate in different industries. These findings, along with the existing literature about Chinese CBMA, indi-cate that examination of Chinese CBMA performance requires several factors to be taken into account in order to determine which firms and which industries are in the best position to create value.en
dc.format.extent1 verkkoaineisto (32 sivua)
dc.language.isoeng
dc.rightsJulkaisu on tekijänoikeussäännösten alainen. Teosta voi lukea ja tulostaa henkilökohtaista käyttöä varten. Käyttö kaupallisiin tarkoituksiin on kielletty.fi
dc.rightsThis publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited.en
dc.subject.otherM&A
dc.subject.otherCBMA
dc.subject.otherChinese economy
dc.subject.otherCAAR
dc.subject.otherevent study
dc.subject.otherindustry-effect
dc.titleCross-Border M&A performance by Chinese firms : industry effect analysis
dc.identifier.urnURN:NBN:fi:jyu-201706213015
dc.type.ontasotPro gradufi
dc.type.ontasotMaster's thesisen
dc.contributor.tiedekuntaKauppakorkeakoulufi
dc.contributor.tiedekuntaSchool of Business and Economicsen
dc.contributor.laitosTaloustieteetfi
dc.contributor.yliopistoUniversity of Jyväskyläen
dc.contributor.yliopistoJyväskylän yliopistofi
dc.contributor.oppiaineKansantaloustiedefi
dc.contributor.oppiaineEconomicsen
dc.subject.methodTapaustutkimus
dc.date.updated2017-06-21T14:05:45Z
dc.rights.accesslevelopenAccessfi
dc.contributor.oppiainekoodi2041
dc.subject.ysokansainvälinen kauppa
dc.subject.ysoyrityskaupat
dc.subject.ysofuusiot (yritysjärjestelyt)
dc.subject.ysokansantalous
dc.subject.ysoKiina


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