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文章以2003～2006年15例被要约收购的沪深A股上市公司为样本,用因子分析法实证研究要约收购事件中目标公司长期绩效,发现被要约收购后上市公司经营业绩有所改善,但业绩提升不明显。
This article takes 15 Shanghai and Shenzhen A-share listed companies that were acquired for takeover from 2003 to 2006 as a sample. Empirical analysis of the long-term performance of the target company in the tender offer event by factor analysis shows that the operating performance of the listed company has been improved after the tender offer. However, Performance improvement is not obvious.