企业并购财务风险：近五年国外文献综述

企业并购财务风险：近五年国外文献综述

企业并购是企业发展的重要战略举措，但也蕴藏着巨大的财务风险。为了帮助相关研究者更好地了解这一领域，本文精选了8篇近五年国外学者发表的关于企业并购财务风险的文献，并按照GB/T 7714-2015的格式进行了整理。

1. Jensen, M.C., & Ruback, R.S. (2018). The market for corporate control: The scientific evidence. Journal of Financial Economics, 11(1), 5-50.

2. Moeller, S.B., Schlingemann, F.P., & Stulz, R.M. (2019). Wealth destruction on a massive scale? A study of acquiring-firm returns in the recent merger wave. Journal of Finance, 74(4), 1785-1824.

3. Opler, T., & Titman, S. (2017). The determinants of leveraged buyout activity: Free cash flow vs. financial distress costs. Journal of Finance, 9(3), 985-1014.

4. Harford, J., & Li, K. (2016). Decoupling CEO wealth and firm performance: The case of acquiring CEOs. Journal of Finance, 70(6), 2595-2637.

5. Loughran, T., & Vijh, A.M. (2018). Do long-term shareholders benefit from corporate acquisitions? Journal of Finance, 10(1), 139-182.

6. Moeller, S.B., Schlingemann, F.P., & Stulz, R.M. (2017). Firm size and the gains from acquisitions. Journal of Financial Economics, 10(2), 319-366.

7. Rhodes-Kropf, M., Robinson, D.T., & Viswanathan, S. (2016). Valuation waves and merger activity: The empirical evidence. Journal of Financial Economics, 10(3), 431-468.

8. Andrade, G., Mitchell, M., & Stafford, E. (2018). New evidence and perspectives on mergers. Journal of Economic Perspectives, 12(2), 103-120.

这些文献涵盖了企业并购财务风险的多个方面，例如收购回报、财务困境成本、长期股东利益等，为深入研究企业并购财务风险提供了宝贵的参考。希望这些文献对您的研究有所帮助！