%0 Journal Article
%T Study on the Peer Effect of Unrelated M&As Decisions
%A Lina Yu
%J Modern Economy
%P 1441-1454
%@ 2152-7261
%D 2017
%I Scientific Research Publishing
%R 10.4236/me.2017.812096
%X This paper takes 7464 pieces of M&As events for
A-share listed companies in China from 2010 to 2015 as samples and investigates
the industry peer effect of unrelated M&As decisions. The research shows
that there exists the peer effect when companies make unrelated M&As
decisions in the same industry. This paper also makes further examinations and
finds that the M&As experience and scale of companies enhance the peer
effect. Moreover, companies with more industry competitions have more obvious
industry peer effect. This paper enriches the M&As decisions theory and has
guiding significance in practice.
%K M&amp
%K As Decisions
%K Unrelated M&amp
%K As
%K Peer Effect
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=80935