The Research Of Financial Performance About Chinese Banks' Cross-border Merger And Acquisition

The financial performance of companies'cross-border mergers and acquisitions weighing the events of cross-border, that has effect on enterprises and the business performance of company's target. There are including two aspects, one is based on enterprises financial statements and related financial performance of the narrow financial indicators; the other is considering the transaction performance which related to the extent of reflection that based on stock market and market data. The financial performance of banks'cross-border mergers and acquisitions generally has two major research directions. A direction to the Bank's financial statements and related financial data, studying the efficiency of banks'cross-border mergers and acquisitions; the other is researching shareholder value's effects to banks'cross-border mergers and acquisitions that considering of the market data. Currently, the research on domestic banks'mergers and acquisitions are relatively more while cross-border mergers and acquisitions in the financial performance of banks is little, so the study of banks'cross-border mergers and acquisitions financial performance will be able to make up for the lack of existing research. Also, it can help Chinese banks to answer whether cross-border mergers and acquisitions to improve financial performance and to promote the international expansion of banks in the rational development from a financial point.This article takes the basic theory of cross-border mergers and acquisitions and corporate financial performance as theoretical support, drawing on relevant literature research methods and conclusions, combined with our country's unique background, from three aspects that including the cause of cross-border bank mergers and acquisitions, cross-border mergers and acquisitions'process and the specific factors, studying the effect of financial performance in banks'mergers and acquisitions. The abnormal earnings method is used to the case, which compared and analyzed the Industrial and Commercial Bank mergers and acquisitions events and in the shareholders'value changes during 2006 to 2010 and analyzed its causes in study. The results show that: the effect of Chinese Banks'financial performance about cross-border mergers and acquisitions is not significant, shortening or growth of the window period has no effect on the conclusion of the study. Reasons for this result are: first, the bank's own scale and the impact of China's economic system; Second, the effect of other industries'enterprises and the banks'failures of cross-border mergers and acquisitions; Third, for other reason, including mergers and acquisitions in the special banks motivation, integration is not enough and the financial crisis. Finally, based on the conclusions and reasons, this article presents research prospects.