20 10 Li shanmin, Chen Yugang, Xinyu, minutes of the M&A international conference on value creation, industrial structure adjustment and economic security, managing the world,No. 1,No. 157- 16 1. Li shanmin, Liu yongxin, the influence of M&A integration on M&A performance, Nankai business review, No.4, 20 10, pp. 154- 160, Li shanmin, Chen Wenting, an empirical study on managers' overconfidence in M&A decision-making, Journal of Sun Yat-sen University (. 2009 Li Shanmin and Zhang, Institutional Environment, Trading Rules and Efficiency of Control Transfer Agreement, Economic Research, No.5, 2009. Page 92- 105 Li shanmin, Mao yajuan, Zhao Jingjing, executive stock ownership, executive private interests and corporate mergers and acquisitions, management science, No.6, 2009, page 2- 12. Li Shanmin, Liu Ying, Protection Mechanism of Payment Price Range, Economic Theory and Management,No. 12, No.3 1-36, Li Shanmin, Model Analysis of Institutional Investors' Participation in Corporate Governance Decision-making, Journal of Management, No.458, No.6, 2009, Zhou, Li, 2008. Ye Hui, Li Shanmin, Governance Environment, Government Control and Pricing of Control Rights —— Based on China Stock Market, Nankai Business Review, No.5, 2008, pp. 79-84. Chen Yugang and Li Shanmin, "Research on M&A Value Decomposition and Key Value Driving Factors", statistics and decision, No.20, 2008, pp. 58-60. Li Shanmin, Zhou, 2007, An Empirical Study on Company Characteristics, Industry Characteristics and Strategic Types, Management World, No.4, 2007, pp. 130- 137, Chen Yugang, Li Shanmin, Predictability of M&A Companies, Economic Research, No.4, 2007. Li Shanmin, Zheng Nanlei, The Influence of Shareholders' Stakeholder Game on the Wealth Effect of M&A Shareholders, Financial Research, No.8, 2007, p.1-153. Allocation of control rights and shareholder wealth effect in merger and acquisition. A), Liang Sian, Li Shanmin, Empirical Research on the Distribution Characteristics of China Stock Market, Mathematical Statistics and Management, No.4, 2007 (Vol.26, No.4), Page 7 10-7 17, Li Shanmin, Zhang, Control Interest and Self-management Ability: From the perspective of trading. Managing the World, No.3, 2006. 129- 139, Li shanmin, Yu, research on the influence of ultimate ownership and governance mechanism on enterprise performance, management science, No.5, 2006, 9- 16, CAPM research based on lower risk measurement, Yang, Liang Sian, Li shanmin. Zhang Yifang, Empirical Test of Real Option Value Creation of Listed Companies in China, Journal of Management, No.2, 2006, pp. 222-228.