【正文】
ce of data. Secondly, shortterm market reaction to three kinds of Mamp。A are calculated by the method of CAR, .As to the relatively long period , the variation of TOBIN’S q is made used of to measure changes of firms ’ performance. Finally, some explanations and suggestions concerned are proposed.Key words: the performance of Mamp。A CAR Tobin’s q參考文獻 威斯通等,1998:《兼并、重組與公司控制》,經(jīng)濟科學出版社 干春暉,2002:《企業(yè)并購》 立信會計出版社 殷醒民,1999:《企業(yè)購并的金融經(jīng)濟學解釋》,上海財經(jīng)大學出版社 中國證券報社:《2000年上市公司速查手冊》、《2001上市公司速查手冊》,新華出版社 陳信元等,1999:《資產(chǎn)重組的市場反應》,《經(jīng)濟研究》第9期 陸國慶,2001:《中國上市公司資產(chǎn)重組的產(chǎn)業(yè)效應分析》《經(jīng)濟科學》第1期 高見等,2000:《中國證券市場資產(chǎn)重組效應分析》《經(jīng)濟科學》第1期 .Adelmen, “TheAntimergerAct,1950—1960” American Economic Review,may,1961 Smith and Schreiner, “A Portfolio Analysis of Conglomerate Diversification” , Journal of Finance (June 1969) Lang等,1989。 Managerial Performance, Tobin’s q, and the Gains from Successful Tender Offers, Journal of Financial Economics, Sep,pp,1371541 Chung等,1994。 A Simple Approximation of Tobin’s q ,Financial Management, Aut,Vol,23,pp70—741 Anup Agrawal等,1992。 The PostMerger Performance of Acquiring Firms: A Reexamination of an Anomaly. Journal of Finance,47,Sep1 Elgers P T and J J Clark, Merger Types and Shareholder Returns,1980,Additional Evidence”,Financial Management,8 / 8