经济与管理Issue(10)：77-81,5.
企业家社会资本与企业并购的关系研究
Research On the Impact of Entrepreneurial Social Capital on Enterprise Merger
摘要
Abstract
With the improvement of market system, M&A is released in China. Entrepreneurs are the main sponsor and actor of M&A decision-making, so his social network will have an impact on M&A especially in China. Based on the information of the six hundred and twenty-seven manufacturing enterprises in the stock market of Shanghai and Shenzhen listed companies, the effects of entrepreneurs' social capital on M&A has been studied. The empirical results show the hypothesis that entrepreneur social capital existing inside and outside of the industry respectively is positively correlated with enterprise horizontal merger and conglomerate merger respectively is partly supported. The hypothesis that entrepreneurs who have political tie with local government will do benefit to the enterprises mergers which are inside the province is supported. The hypothesis that entrepreneurs who have political tie with central government will do benefit to the enterprises mergers which are outside province is supported too.关键词
企业家社会资本/并购/转型经济Key words
Entrepreneur social capital/Merger and acquisition/Transitional economy分类
管理科学引用本文复制引用
汪国银,江慧,刘芳..企业家社会资本与企业并购的关系研究[J].经济与管理,2012,(10):77-81,5.基金项目
国家自然科学基金项目(70872043) （70872043）
安徽省教育厅人文社会科学研究项目(SK2012B083) （SK2012B083）
