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Professional thesis
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English

Comparisons of Effects of Different Merger and Acquisition Types on Chinese Public Companies

ContributorsYu, Tong
Number of pages68
Imprimatur date2021
Defense date2021
Abstract

This thesis tries to analyze the performance towards those Chinese A share public companies that carried out different ways of M&A----that is horizontal, vertical and conglomerate M&As. It depicts the data of 2009-2015 M&A events, analyzing the stock price performance of the acquiring companies in the same year, the following 3 years and 10 years or up until end of 2019 year. This thesis also analyzes the financial performance of the acquiring companies in the same year, from 3 years perspective and 10 years perspective, to draw the conclusion that horizontal mergers show obvious performance increase compared with vertical and conglomerate M&As. Finally, the thesis uses the case of Aier Eye Hospital to illustrate that horizontal M&A can create value by adopting a united supply chain, replicable management mode, an integrated human resources management, training and incentive system and wide brand recognition.

eng
Keywords
  • M&As
  • A-Share Market
  • Horizontal
  • Vertical
  • Conglomerate
Citation (ISO format)
YU, Tong. Comparisons of Effects of Different Merger and Acquisition Types on Chinese Public Companies. 2021.
Main files (1)
Thesis
accessLevelPublic
Identifiers
  • PID : unige:177628
  • Thesis number : 0033
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