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- 2017
地理距离对并购后企业绩效的影响——基于中国上市公司并购事件的实证研究
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Abstract:
基于空间地理学、交易成本理论和信息不对称性，利用2009-2013年我国上市公司的769起并购事件的数据，探讨了地理距离对并购后企业绩效的影响。研究发现：（1）地理距离对并购后企业绩效有着负向影响；（2）地理距离越大，地理距离对并购后企业绩效的负向影响越明显；（3）相比于东部地区，地理距离对中西部地区并购后企业绩效的负向影响更大；（4）地理距离对并购后企业绩效的影响存在着行业差异性，劳动密集性行业中，地理距离对并购后企业绩效的影响显著为负，资本密集型行业以及技术密集型行业中，地理距离对并购后企业绩效的影响并不显著。最后，根据研究结论给出了相关的建议。
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