中国企业技术并购的经营业绩研究

研究目标是分析中国企业作为技术并购企业的经营业绩。采用非参数双样本Wilcoxon显著性检验,验证了企业技术并购后经营业绩的变化情况。结果显示:(1)并购后,经营业绩均值显著提高;(2)并购后,经营业绩每一年年值都显著高于并购前;(3)并购后的第一和第二年营业收入逐年提升显著,净利润逐年提升不显著。最后,本文指出了结论的管理启示。

Performance of Chinese firms to undertake technology - based acquisitions

The aim of this study is to test the performance of Chinese firms undertaking technology-based acquisitions.We examine the innovation performance's change in Chinese firms after technology acquisition by two-sample Wilcoxon-test.Overall,this study found that:(1) the Mean value of economical benefits increase significantly after acquisition,(2) According to year-value,economical benefits after acquisition is higher than the average value before acquisition,(3)Operation benefits is upgraded significantly in the first and the second year comparing to its last year,but there is no obvious variation yearly in net profit after acquisition.At last,some management enlightenments are put forward.