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Hong, D.L., Liu, L. and Xiong, D.H. (2006) Diversified Acquisitions, Firms’ Long-Term Performance Loss and Motivations. Economy Science, 28, 63-73.

has been cited by the following article:

• TITLE: Study on the Peer Effect of Unrelated M&As Decisions

  AUTHORS: Lina Yu

  KEYWORDS: M&As Decisions, Unrelated M&As, Peer Effect

  JOURNAL NAME: Modern Economy, Vol.8 No.12, December 8, 2017

  ABSTRACT: This paper takes 7464 pieces of M&As events for A-share listed companies in China from 2010 to 2015 as samples and investigates the industry peer effect of unrelated M&As decisions. The research shows that there exists the peer effect when companies make unrelated M&As decisions in the same industry. This paper also makes further examinations and finds that the M&As experience and scale of companies enhance the peer effect. Moreover, companies with more industry competitions have more obvious industry peer effect. This paper enriches the M&As decisions theory and has guiding significance in practice.