Title :
MBO Performance Study of Listed Companies in China Based on Factor Analysis
Author :
Wang, Xiao-yan ; Zhang, Jian-hua
Author_Institution :
Dept. of Found., Xuzhou Airforce Coll., Xuzhou, China
Abstract :
In order to evaluate the MBO short-term performance and long-term performance, by virtue of 36 listed company samples which were buy-outed by management among 1997-2004, an empirical study was conducted based on factor analysis and matching T test. Empirical results showed that there was obvious improvement on the enterprise performance from overall view. The common factors such as risk control factor, profitability factor, growth ability factor and management ability factor all presented the situation of spiral rise, so MBO can be considered to improve enterprise´s financial performance in an effective way.
Keywords :
corporate acquisitions; matrix decomposition; profitability; risk analysis; venture capital; China; MBO performance study; enterprise financial performance improvement; factor analysis; growth ability factor; management ability factor; management buy-out performance study; profitability factor; risk control factor; Companies; Data mining; Indexes; Loading; Mathematical model; Profitability; Factor Analysis; Listed Company; Management Buy-out; Performance;
Conference_Titel :
Management of e-Commerce and e-Government (ICMeCG), 2010 Fourth International Conference on
Conference_Location :
Chengdu
Print_ISBN :
978-1-4244-8507-9
DOI :
10.1109/ICMeCG.2010.65
