Study on the Impact of Transactional Due Diligence on Payment Methods of Mergers and Acquisitions
Taking 2 601 A-share listed companies in Shanghai and Shenzhen from 2012 to 2021 as re-search samples,this paper empirically tested the impact of transactional due diligence on the payment methods of M&A.It is found that sufficient transactional due diligence has a positive impact on the acquirer's willingness to pay for shares.Further research shows that the financial background of corporate executives can strengthen the relationship between transactional due diligence and stock payment,while overconfidence can weaken the relationship between transactional due diligence and stock payment.This study provides theoretical basis and practical guidance for enterprises to make scientific decision on M&A payment mode.
transactional due diligencepayment method of merger and acquisitionexecutive financial backgroundexecutive overconfidence
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