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Alliance experience and Post-merger performance
merge and acquisition experience
The purpose of this study is to investigate the impact of alliance experience on company performance after merge and acquisitions. In this study, we use listing electronics industry in Taiwan which occurred between 2000 and 2015 as the study sample. We collect the sample strategic alliance experience from the past ten years. This study used event study as the research method to investigate the relationship between cumulated abnormal return, return on asset change as independent variable with alliance experience. In the past, most of the literatures focus on the relationship between acquirer and target. Unlike the previous similar studies, this study will further distinguish the alliance experience more specifically and also explore how is the experience in alliance with different levels and categories affect the performance on post-merger. We also bring in the merge and acquisition experience and industry experience to investigate the post-merger performance. As the research result, this study found that acquirer has relationship with target will have positive post-merger performance than the acquirer has another alliance experience with other company.
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