%0 Journal Article
%T Performance of Mergers and Acquisitions under Corporate Governance Perspective
%A Yong Liu
%A Yongqing Wang
%J Open Journal of Social Sciences
%P 17-25
%@ 2327-5960
%D 2013
%I Scientific Research Publishing
%R 10.4236/jss.2013.17004
%X <p class=\"MsoNormal\">
	<span lang=\"EN-US\">This paper investigates the impact of
mergers and acquisitions (M&amp;A) on corporate performance.
This article selects 36 M&amp;A cases of China¡¯s listed real estate companies
in Shanghai and Shenzhen Stock Exchanges from 2008 to 2009. Regarding the
corporate value in 2011 as the measure of the long-term performance, we will
explore the relationship among check-and-balance Ownership Structure, board size,
and institutional investors impact the performance. This paper concludes a
positive impact ownership structure on the M&amp;A
performance. In addition, the empirical analysis reveals that that the board
size has a significant negative effect on the performance. Additionally, the
results of the paper indicate that the CEO-Chairman duality has a significant
impact on the long-term performance. Besides, institutional investors have
positive effect on M&amp;A performance.</span>
</p>
<br />
%K Corporate Governance
%K M&amp
%K A
%K Long-Term Performance
%K Real Estate
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=40705