| Table of figures and tables | 第1-5页 |
| 摘要 | 第5-15页 |
| Abstract | 第15-16页 |
| 1. Introduction | 第16-22页 |
| ·Research Background | 第16-19页 |
| ·Merger and Acquisition | 第16-17页 |
| ·M&A deals in China | 第17-19页 |
| ·Research Motivation | 第19-20页 |
| ·Research Outline | 第20-22页 |
| 2. Review of the Iiterature | 第22-32页 |
| ·The reasons of M&A deals | 第22-26页 |
| ·The reasons in sophisticated markets | 第22-24页 |
| ·The reasons of M&A deals in China | 第24-26页 |
| ·The effect of M&A announcements of stock price | 第26-32页 |
| ·The effect of M&A announcements in sophisticated markets | 第26-29页 |
| ·The effect of M&A announcements in emerging markets | 第29-30页 |
| ·The effect of M&A announcements in Chinese market | 第30-32页 |
| 3. Samples selection | 第32-44页 |
| ·Sample 1:All M&A announcements involving Chinese listed companies as bidders ortargets | 第32-35页 |
| ·Sample 2:Adjusted M&A announcements involving Chinese listed companies as biddersor targets | 第35-38页 |
| ·Sample 3:Cross-border M&A announcements involving Chinese listed companies asbidders or targets | 第38-40页 |
| ·Sample 4:First announcements of M&A deals involving Chinese listed companies asbidders or targets | 第40-43页 |
| ·Sample 5:M&A deals both bidders and targets involving Chinese listed companies | 第43-44页 |
| 4. The Empirical Research | 第44-63页 |
| ·The event study of "M&A announcements" | 第44-57页 |
| ·Methodology of the event study | 第44-48页 |
| ·Results and interpretations of the event study | 第48-57页 |
| ·The determinants of Cumulative Abnormal Returns of the event "M&A announcement" | 第57-63页 |
| ·Variables and hypotheses in the multiple regression | 第57-59页 |
| ·Results of the regressions | 第59-63页 |
| 5. Conclusion | 第63-65页 |
| 6. Reference | 第65-68页 |
