Earticle

초록

영어

This study focuses on the motivation the performance of M&A of port terminal operation companies. It is thought that a port operation company attempts to acquire a not her company to strengthen the competitive power. This paper examines in detail the case of M&A between SIPG(Shanghai International Port Group) and SPC(Shanghai port Container). In order to analyze the financial performance of this M&A the share data were collected from Shanghai Stock Exchange. By using the market model, we calculates the cumulative abnormal return(CAR) for 30 days before and after M&A. The estimated CAR shows a positive return of 13.72% and this implies that the market appraises M&A of SIPG and SPC positively. This study also discussed the financing, composition of shareholders and the financial and business synergy, further analyses the M&A motivation between port companies. In particular, through the M&A between SIPG and SPC, SIPG increased its international competitive power and now holds a ruling position in the world shipping industry. And it is expected that the business performance of SIPG in the future will be improved continuously.

목차

Ⅰ. 서론
 Ⅱ. 선행연구
 Ⅲ. 해운·항만산업의 M&A 환경변화
 Ⅳ. 사례연구
 Ⅴ. 결론
 참고문헌
 

키워드

저자

• 장자왕 [ Zhang, Ziwan | 경영학 석사, 대표집필 ]
• 김강혁 [ Kim, Kang Hyeok | 한국해양대학교 해운경영학부 강사, 공동연구 ]
• 이기환 [ Lee, Ki hwan | 한국해양대학교 해운경영학부 교수 ] 교신저자

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  세계해양발전연구 [Journal of Ocean Development]

• 간기

  연간

• pISSN

  2287-1497

• 수록기간

  1994~2025

• 십진분류

  KDC 326 DDC 338