Industry Perspective, China's Listed Company Merger Motives And Performance Studies

M & A activity in the different industries have different characteristics of each. The company will produce different acquisition motivation. The same motive of M & A will produce different performance. From the industry perspective on how listed companies in China M & A, will be an interesting research topic.In this context, this paper studies in related fields, based on the use of economic theory and empirical methods of economics and statistics, in-depth analysis of the following: different types of M & A Motives and Performance; different industries of M & A Motivation Performance. In this paper, we complete the following work:1, we establish a logit statistical model to study the listed companies in China (different types of M & A) of the M & A due. We found financial listed companies in China in pursuit of synergy more inclined to vertical mergers and acquisitions, through the integration of industrial chain to reduce their financial risk.2, we establish different types of CAR model and the rank sum test model to study the listed companies in China (different types of M & A) of the M & A performance. We found on financial indicators, various types of mergers and acquisitions have increased own financial risk, not to achieve financial synergies.3, we establish a logit statistical model to study the listed companies in China (different M & A industry) of the M & A due. M & A was established based on different types of logit statistical model. We start from the acquiring company financial indicators, of different M & M industry for. Study found that the M & A of Listed Companies by Industry point of view because the words are out of business effect; and the manufacturing sector-oil, chemical, plastic, plastic M & As decline in profitability caused infer that this is because the industry there are some natural monopoly Factors, the decline in profitability, merger and acquisition opportunities in the industry caused by the presence.4, we establish different types of CAR model and the rank sum test model to study the listed companies in China (different M & A industry) of the M & A performance. Study found that the acquisition of listed company shares on behavioral performance in a significant effect, but in the financial indicators is not satisfactory.