To what extent does corporate liquidity affect M&A decisions, method of payment and performance? Evidence from China

Using a panel of Chinese listed firms over the period 1998–2015, we examine the extent to which liquidity impacts firms' acquisition decisions, method of payment choice, and performance following mergers. We observe that cash-rich firms are more likely to attempt acquisitions, especially if the...

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Bibliographic Details

Published in:	Journal of corporate finance (Amsterdam, Netherlands) Vol. 54; pp. 128 - 152
Main Authors:	Yang, Junhong, Guariglia, Alessandra, Guo, Jie (Michael)
Format:	Journal Article
Language:	English
Published:	Elsevier B.V 01.02.2019
Subjects:	Acquisitions Cash holdings China Method of payment Post-acquisition performance Acquisitions China G32 G34 Cash holdings Post-acquisition performance Method of payment
ISSN:	0929-1199, 1872-6313
Online Access:	Get full text
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