The Research And Application Of The Basis Of Merger And Acquisition Decision

Merger or Acquisition is one of the development strategies of the enterprises. M&A is a way to invest directly, to expand or to promote strength for enterprises. Comparing with the way of investment by establishing a brand-new company, a enterprise can get more superiorities in development through M&A. M&A in our country came into being in the middle of 1980s.Having been developed for more than 10 years, as a way of investment, M&A plays a more and more important role in the development of Chinese enterprises. This thesis will look into the basis of mergers and acquisitions decision, and point out which basis can support the decision. It will also give a high light that how to make M&A decision by means of giving a lively example. The thesis starts with some related concepts, so the first part is the definition and research of these concepts. From the second to the forth, the thesis clarifies separately the environmental basis, the inside basis and the financial basis in detail which can support the M&A decision. The forth part梩he financial basis, is the most important part. At last, the writer illustrates how to get the basis and make it as the support of the decision with a real case.