Yuheng Zhao, Joaquín López Pascual. Correlation Studies on Corporate Governance, Financial Structure, and Merger and Acquisition Premium in Ecological Enterprises.
Under the competitive era nowadays, mergers and acquisitions become frequent among enterprises globally. Enterprises start to expand the market size with mergers and acquisitions.
Although mergers and acquisitions could help enterprises develop the synergy, enhance the adjustment according to the environment, and accelerate the business transformation, acquirers have to pay a large sum for it. An ecological enterprise overpaying for mergers and acquisitions might result in the acquirer hard to recovering the costs and cause merger and acquisition failure.
Chinese ecological enterprises’ mergers and acquisitions of European ecological enterprises with equity transfer and assets agreement in 2012-2016 are selected as the initial samples in this study.
The research results show 1. partially significant correlations between corporate governance and financial structure, 2. remarkable correlations between financial structure and merger and acquisition premium, and 3. notable correlations between corporate governance and merger and acquisition premium.
Suggestions, according to the results, are eventually proposed, expecting to further help ecological enterprises, through factors, be close to the practical market for successful mergers and acquisitions.
http://www.ekolojidergisi.com/article/correlation-studies-on-corporate-governance-financial-structure-and-merger-and-acquisition-premium-5395
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