Author(s)

Wenjie Li, Jingwen Wang

Corresponding Author

Jingwen Wang

Abstract

As an important subject of China's existing agricultural production and management, agriculture-related listed companies support and lead the development of the agricultural industry to a certain extent. This article take a total of 146 M & A events completed in the ten years from January 1, 2009 to December 31, 2018 in 463 A-share agriculture-related listed companies on the A-share market as a sample. Multivariate regression analysis based on financial indicators and non-financial indicators based on five years .The Generalized Estimating Equation (GEE) model processed with Longitudinal Data Analysis (LDA) and the Between Estimator (BE) model processed with Panel Data were used to compare and analyze the regression results. Aiming at the above conclusions, this article puts forward several specific suggestions from the two aspects of the M & A decision of agriculture-related listed companies and the government and market supervision.

Keywords

M & a, Agriculture-related listed company, Empirical research