Research on the Relationship among M&A Behavior, Investment Efficiency and Firm Value—Empirical Evidence from A Shares of Listed Corporations

Abstract

In this paper, we use the data of A shares of listed corporations from 2010 to 2014 to research the relationship among the efficiency of investment, acquisition behavior and corporation value. The results show that the enterprise acquisition behavior and enterprise value have no significant correlation. While the investment efficiency of enterprises will be affecting the relationship between the two, as the same words, the higher the efficiency of investment, the influence of mergers and acquisitions to increase the role of the enterprise value is more significant. According to the above conclusions, this paper puts forward related suggestions.