The Comparison Study Of Reasons And Effects Of China And US Listed Companies M&A

Since the beginning of the 1990s, the global have taken place the fifth ride of mergers and acquisitions . Mergers and acquisitions play an important role for national economic development as a mode of operation of the capital, although several developed countries merger acts exist interaction and mutual promotion, the American merger activity is the most active,the most representative , the most analyzing value. Therefore, this article through the research of the American merger, comparing with the merger in our country,makes discussions about some ploblems of M&A in our country and put up the experience worthy of learning.The comparative analysis methods are used in the article, comparison and analysis of the reasons and effects of china and US listed companies M&A. It is significant to understand and grasp these differences to our development of merger. The article put up the experience worthy of our learning by analyzing typical cases . The United States has a relatively mature market economy, mergers and acquisitions take place acts as a rational enterprise, market-oriented selection results . Enterprise starting to independently make decisions as a mergers and acquisitions market business, from their own economic interests or market value maximization, It is the only way to achieve such economic behaviour and economic value. The merger is not entirely a product of the market economy in China, but it was born in the period from a planned economy to a market economy, which determines the different characteristics of M&A reasons between American and China. Chinese enterprises should pay attention to mergers and acquisitions integration, the government should gradually reduce interference and enable Chinese enterprises mergers and acquisitions to make the way of marketing and worldwide. The article summed up our differences of listed companies M&A in the existing policy framework and financial system, such as : mergers and acquisitions regulations incomplete, unclear motivated M & A, the intermediary incomplete and imperfect capital market development, along with practical solutions.