Motivation, Efficiency & Operation Research Of Financial Industry's Cross Boarder Merger & Acquisition

Cross boarder merger & acquisition now has become the major method of financial industry's international operations. With financial industry's physical operation network has expanded to places all over the world by means of m&a, globalization degree of fictitious financial capital also has reached to an unprecedented altitude at the same time. In the tide of financial industry's cross-border mergers and acquisitions which was triggered by large-scale financial institutions of European and American countries, how can Chinese Financial Industry which has congenital development deficiencies and acquired malnutrition fight for survival authority, expand the development power, and seize the announcement right is not only an economic theory proposition with great historical significance, but also a very realistic topic in the economic practice.The demonstration mainline of this article is: analyze the financial industry's cross boarder m&a's efficiency combining with its motivation power, then explore deeply the evasion measures of country risk and stage risk and the reasonable choice of payment method for the purpose of lower the risk and reduce the cost in cross boarder m&a. The paper will further provide the adaptable conformity scheme and finally design Chinese financial industry's strategic arrangement and pavement choice of cross border m&a from the macro region expansion direction and the micro organization transition aspect.Financial industry's cross boarder m&a's motivation can be divided into internal motivations and external motivations. The former includes monopolistic advantage theory, product life cycle theory and oliopolistic response theory based on the industrial organization doctrine; efficiency theory, information theory and transaction cost theory based on economical motivations; market strength theory, financial game theory based on strategic motivations and agency cost theory based on individual motivations. The latter include impetus of financial liberalization, spur of big financial crisis, aggravations of financial industry competition, development of information technology , relaxation of parent country's supervise and management and so on. Based on the above mentioned principle & theory, the article has put forward the cross boarder m&a motivations of national interest pushing, the introduction of variables of national interest has broke through the former study circumstance which is limited to...