The Empirical Study of Listed Electric Power Companies’ Horizontal Merger with the Factor Analysis Model
Merger and acquisition is currently the mainly way of power enterprise to pursue scale effect and improve competitiveness. So it is necessary to research the method to evaluate the merger effectiveness. In this paper, the common methods are analyzed, and a new factor analysis model based on the index-system-method is established. The comprehensive score gained from the model can stand for annual comprehensive performance of the merger company; then paired t-test the comprehensive scores of two different years; finally, whether the merger caused significant performance can be known.
Helen Zhang, Gang Shen and David Jin
C. M. Liu and L. Wang, "The Empirical Study of Listed Electric Power Companies’ Horizontal Merger with the Factor Analysis Model", Advanced Materials Research, Vols. 204-210, pp. 314-317, 2011