本文认为，处于行业生命周期不同阶段的企业采用不同并购类型的并购，其绩效也不相同。
When the enterprises in the different stages of the industry life cycle taking the different types of the merger, their performances are different too.
结果发现，收购类型对并购绩效没有显著影响，而支付方式对并购绩效有显著影响。
We found that merger type did not have significant influence on merger performance, while payment method had significant influence on merger performance.
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