M & A Evaluation of Chinese Listed Companies-Based on EVA Return Rate
The development of the economy and market brought about mergers and acquisitions boom of China's enterprises.In this paper,I choose 213 listed companies,which had MA action from 1998 to 2000,and use adjusted EVA indicator to do empirical analysis.By tracking their ability to create value for shareholders from three years before MA to 3 years after MA,I concluded that Chinese listed companies' performance tend to decline after MA,making its shareholders suffer wealth losses.