Title :
Notice of Retraction
Study on cross-border M&A performance of China Construction Bank based on the factor analysis
Author_Institution :
Sch. of Humanities, Econ. & Law, Northwestern Polytech. Univ., Xi´an, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
With the accelerated pace of economic globalization, the domestic commercial banks tend to strengthen their international Operating capacity by cross-border M&A. China Construction Bank has carried out a total of two cross-border M&A activities since it was listed in Hong Kong in 2005. It has acquired Bank of America (Asia) in 2006 and AIG Finance (Hong Kong) in 2009. This paper uses the factor analysis to build a composite score model of the M&A performance to study the post-merger changes in operating performance of China Construction Bank. The study shows that the performance of China Construction Bank has improved after the mergers.
Keywords :
banking; corporate acquisitions; globalisation; AIG Finance; Asia; Bank of America; China Construction Bank; Hong Kong; composite score model; cross-border M&A performance; domestic commercial banks; economic globalization; factor analysis; international operating capacity; post-merger changes; Asia; Corporate acquisitions; Finance; Loading; Profitability; M&A performance; commercial bank; cross-border M&A; factor analysis;
Conference_Titel :
Quality, Reliability, Risk, Maintenance, and Safety Engineering (QR2MSE), 2013 International Conference on
Conference_Location :
Chengdu
Print_ISBN :
978-1-4799-1014-4
DOI :
10.1109/QR2MSE.2013.6625970
