关键词: 技术并购, 经营业绩, 中国企业, Technology-based Acquisitions, Performance, Chinese Firms

Abstract: The aim of this study is to test the performance of Chinese firms undertaking technology-based acquisitions. We examine the innovation performance’s change in Chinese firms after technology acquisition by two-sample Wilcoxon-test. Overall, this study found that: (1) the Mean value of economical benefits increase significantly after acquisition, (2) According to year-value, economical benefits after acquisition is higher than the average value before acquisition,（3）Operation benefits is upgraded significantly in the first and the second year comparing to its last year, but there is no obvious variation yearly in net profit after acquisition. At last, some management enlightenments are put forward.