An Empirical Study On The Manner And Performance Of Mergers And Acquisitions Of Retail-Listed Corporation

Mergers and acquisitions is a strategic choice and means by which enterprises carry out their strategy expansion or shrinkage.Today,with the ceaseless wave of big mergers and acquisitions globally,the effective alignment and utilization of assets begin to play a decisive role in the existing and development of an enterprise.After overall open-up to the outside world,the international retail giants have entered China market with their financial advantage and effective transnational merger skills.The ever more intense cross-board competition is challenging Chinese retail companies.In the disputing and baffling situation,Chinese retail enterprises, especially listed companies also involve in a series of M&A activities. Concentrating various high quality resources,constructing core compete power and optimizing the structure of equities,assets and main business, by the means of different manners of M&A,they try to build a reasonable resources system effectively for company advantages,so as to create a retail giant in China financial market.In this paper,a brief introduction is made to the development and the present situation of Chinese retail-listed companies,and the motivation, manner,and performance of M&A is analyzed as well.Using the event study method and accounting indicators,this paper investigates cases covering all major M&A events related to retail-listed companies in recent years.In the end,this paper discusses the problem in M&A of retail-listed corporate,and proposed the solutions.I hoped this paper could provide the reference to the retail enterprise of our country.