| Summary: | 碩士 === 長庚大學 === 工商管理學系 === 100 === This study examines the sample of publicly listed and over the counter firms M&A occurred for the period 1998 through 2009 in Taiwan. Using Paired-sample T test and Multiple regression analysis to investigate whether produce the synergy of merger activities in Taiwan and associate influential factors with it.
Major evidences indicate that M&A activities in Taiwan do not have any synergy existence; the evidence is that the return on total assets, the return on equity turn to be worse than those was before M&A. Furthermore, for the samples with low performance of financial in current year of M&A, related post-performance of financial liquidity has not been improved, and even becomes worse. The firm size of acquiring firms actually do something with the return on total assets and equities. When firm size of acquiring firms are larger, the return on total assets and equities of acquiring firms after merger activities is better. The boom factor has the apparently positive effects on return on total assets. On the other hand, insider holding would have the evidently positive effects on the return on total assets and equities after the merger. The evidence is that the return on total assets and equities after the merger could get improved due to the merger activities.
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