We study the dynamic causal effects of the shareholding ratio of controlling shareholder on tunneling behavior in China. We use control-right-transfers as the event to conduct the study. We obtain 394 control-right-transfer samples in China corporate control market from 2001 to 2008. We use...

This paper studies the merger and acquisition ("M&A" hereafter) in the Internet industry, and constructs a theoretical model to anatomize the motivations of the M&A and the factors that impact the performance of M&A. The model analyzes three motivations on M&A: Synergistic Effect Motivation,...