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在日益复杂而多变的市场经济中,我国最优秀的企业群体-上市公司,面临着前所未有的挑战。比起用合并方式来增强自己竞争力,抢占市场的合并公司相比,我国上市公司显然没有优势。我国企业发展的趋势主要是以上市公司的产品经营与资本经营所体现的,而吸收合并又作为企业资本运营的较高,较特殊的形式引起很多企业的广泛关注。本文以2000年-2010年上市公司的吸收合并为研究对象,研究上市公司吸收合并是否对短期股价有显著性影响;实施上市公司吸收合并是否能提高企业价值,给股东带来利益。
In the increasingly complex and ever-changing market economy, the best corporate group in our country, the listed company, is facing an unprecedented challenge. Compared with the merger to enhance their competitiveness, to seize the market compared to the merger of listed companies in China clearly have no advantage. The trend of the development of Chinese enterprises is mainly reflected in the product management and capital management of the listed companies. However, absorption and consolidation, as the higher and more special forms of the operation of corporate capital, have aroused widespread concern of many enterprises. This paper takes the merger and acquisition of listed companies from 2000 to 2010 as the research object to study whether the merger of listed companies has a significant impact on the short-term stock price. Whether the merger of listed companies can enhance the corporate value can bring benefits to the shareholders.