The paper studies merger and acquisition(MA) payment choices of China's listed companies in 1998-2007 period,focusing on corporate control and information asymmetry aspects.The research shows that:(1) to consider the threat of the voting control,bidders prefer cash financing of MA transactions when a bidder's controlling shareholder has an intermediate level of the stock in the scale of 30-60%;(2)when relative deal size(used as a proxy variable to measure information asymmetry)is smaller,the bidder is more likely to use cash.However, there is not significent relationship between cross-industry deal and choice of payment method.Furthermore,The results show a positive relationship between the bidder's cash volume and cash payment,no obvious relationship among financial leverage,investment opportunity,collateral and choice of payment method.

In recent years,practitioners and scholars have expressed concerns with performance measurements,but most present researches are case studies or survey reports,and few of them analyze the factors that affect the choices of enterprise's performance measures and the effect of performance measurement.This paper tries to discuss these questions using data in the survey.Based on the empirical study,the paper suggests that market pressures,competitive strategy,organization size and the degree of decentralization are associated significantly with non-financial measures usage.