{"title":"中小企业并购的理论与实证研究","authors":"U. Weitzel, K. McCarthy","doi":"10.1504/IJEIM.2011.041734","DOIUrl":null,"url":null,"abstract":"The theory of mergers and acquisitions (MA are more likely to be withdrawn, suggesting that SMEs are more flexible, and more able to avoid deals that turn sour; and, finally, SME M&As are more likely to be financed with equity rather than debt, indicating that the influential financial pecking order theory is of less relevance to SMEs.","PeriodicalId":347848,"journal":{"name":"Corporate Governance & Management eJournal","volume":"30 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2011-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"60","resultStr":"{\"title\":\"Theory and Evidence on Mergers and Acquisitions by Small and Medium Enterprises\",\"authors\":\"U. Weitzel, K. McCarthy\",\"doi\":\"10.1504/IJEIM.2011.041734\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The theory of mergers and acquisitions (MA are more likely to be withdrawn, suggesting that SMEs are more flexible, and more able to avoid deals that turn sour; and, finally, SME M&As are more likely to be financed with equity rather than debt, indicating that the influential financial pecking order theory is of less relevance to SMEs.\",\"PeriodicalId\":347848,\"journal\":{\"name\":\"Corporate Governance & Management eJournal\",\"volume\":\"30 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2011-08-03\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"60\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Corporate Governance & Management eJournal\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1504/IJEIM.2011.041734\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Corporate Governance & Management eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/IJEIM.2011.041734","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Theory and Evidence on Mergers and Acquisitions by Small and Medium Enterprises
The theory of mergers and acquisitions (MA are more likely to be withdrawn, suggesting that SMEs are more flexible, and more able to avoid deals that turn sour; and, finally, SME M&As are more likely to be financed with equity rather than debt, indicating that the influential financial pecking order theory is of less relevance to SMEs.