Studies Of M&As' Performance Of National Listed Companies Whose Control Rights Have Transferred

With the development of the globalization of modern economy, more and more famous listed companies hold on strategy of merger and acquisitions to accomplish the development of operation and management. The theory of M&A bring advantages for the listed companies among the forcibly competition. Most cases also show that more and more corporate will gain huge fortune in the short time by strategy of Merger and Acquisitions. The International Finance Crisis leads to economy decrease among many developed countries, but in another hand, this is the opportunity, and also the challenge to China, because the strategy hides huge risk at behind of benefits. The transfer of control rights plays a very important role in the strategy of M&A and it benefits for the operate performance of listed companies. So the thesis takes analysis and research based on these backgrounds.This paper analyzes the M&As'performance of national listed companies'transfer of control rights by using M&A cases and empirical studies. In this paper, the background and meaning are introduced first, the thesis believes the analysis and research of performance of 1isted companies whose controlling stockholders have changed may bring the important and advisable message for surveyor and manager and take theoretical meaning to enhance the process of marketing and overall efficiency of capital markets. By analyzing famous cases of merger and acquisitions of control rights transfer which belong to listed companies at national and abroad, the paper find the suitable method and revealing impact of strategy of merger and acquisitions; Secondly, this article studies the samples of listed companies which have experienced take over in capital markets from the year of 2005 and 2006, uses the suitable finance index and data, and takes empirical studies of Descriptive Statistics and Samples Testing.At last, the paper focuses on the government influences and advice to enhance the M&As'performance of national listed companies which control rights transfer, and takes the disadvantages and limitations of study.