Open AccessResearch on M&A Performance of Listed Companies in Internet Industry Based on Engineering Management
Author(s) -
Ning Chen
Publication year - 2019
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/688/5/055050
Subject(s) - the internet , business , empirical research , mode (computer interface) , government (linguistics) , order (exchange) , index (typography) , marketing , accounting , computer science , finance , world wide web , philosophy , linguistics , epistemology , operating system
In recent years, the in-depth application of the Internet and other new generation of information technology in the engineering construction industry has given birth to the intelligent construction platform mode in the Internet era. Under this new model, the organization mode, operation mode and management mode of the existing project construction have undergone profound changes. Therefore, exploring the development of Internet industry is of great significance to project management. This paper selects 36 independent companies in Internet industry during the M&A announcement period in 2014 as research samples. Then it uses accounting research method and constructs the financial index system in order to compare the comprehensive performance of companies in the short term. The empirical research draws the following conclusions: First, M&A activity has not significantly promoted the performance of Internet industry companies. Second, different types of M&A produce different effects. Mixed M&A are more beneficial to the improvement of the performance of companies in the Internet industry. Finally, combined with the empirical results, this paper proposes suggestions for M&A activities of listed companies in the Internet industry from the government and enterprise levels.