The Relationship Between M&a Enterprise Integration Rearch Capital

With our socialist economy developing and capitals market completed, the mergers and acquisitions (M&A) is becoming more active than it has been before. The M&A has evolved to be a mature, regular and innovative thing, weather considering of the shapes, scales it had or the fields it involved and the ways it used. The increasing of the success in M&A is closely related with that we pay more attention on the Post-Merger Integration(PMI)of Enterprises.How to realize the value of the M&A is a vital task both in theory and practice. The research of the M&A and PMI are tow inseparable parts during the M&A processes. However, many enterprises ignored the importance about the PMI, and that lead the failure of the M&A in the end. Therefore, when we study and research the M&A, we should pay attention not only on the M&A, but also on the PMI. The PMI is a very significant thing both in theory and practice, because it can lead and help the enterprises to complete the M&A and realize the enterprises'strategic vision.The M&A is the enterprise realizes exterior expansion main behavior, brings the enterprise internal and external environment relations to change inevitably, causes in the enterprise and the environment benefit counterparts relates changes. But in enterprise's relational capital essence is in the enterprise and the environment benefit correlational dependence, ability which carries on which the investment, the maintenance and the administration center bring the value rises in value. It is to environment one kind of grasping and control manifesting. Therefore, the M&A enterprise must carry on the relational capital the adjustment and the transformation, strengthens to each kind of relational maintenance and the management, strengthens these relations, the enhancement enterprise's relational capital, after adapts the M&A inside and outside the enterprise the environmental variation need. At the same time, the enterprise relates capital itself heterogeny also to request the M&A both sides enterprise to carry on the relational capital conformity especially.Therefore, the ex post merger enterprises of the two sides must be the heterogeneity of integration between capital and innovation. So that the advantages of M&A s between enterprises of both sides to work together and develop capital to improve their market competitiveness, and achieve more value creation.This text buys to moderate united angle to set out with integration also from the business enterprise. To our country the business enterprise buys also of the relation capital integration carry on all-directions, systematize of research.At our country the business enterprise buys the activity increasingly multifarious big background also under. This thesis will draw lessons from actively at home and abroad and buy theories and business enterprise to buy integration fulfillment also of have already had results to show a fruit, buy also the Chinese business enterprise conduct and actions and buy with integration of unify a body, learn with the modern management of basic principle and science method. To our country the business enterprise buys relation capital and integrates a problem to carry on analysis and studies also, solving further our country business enterprise and buy of purpose, and buy integrated reason, relation capital of the importance. Our business enterprise buys also the relation capital in the process integrates of theories and practice problem, put forward a Chinese business enterprise and buy in carry on relate to capital integration of theories frame and solution with expect to our country business enterprise of and buy fulfillment to provide some new theories annotation and methodology to draw lessons from. This thesis launches from the following 6 chapters.Chapter 1 : Introduction. Elaborate textual choose a purpose meaning of background, research, put forward textual research way of thinking and study method and possible creative place.Chapter 2: Business enterprise buys and integrates also of research overview. Main carry on theories analysis and definition towards buying also, integrating of basic content and function etc., and pass rightness and buy various integrated analysis concerning theories and theory and description, inquiry into a business enterprise further to buy integrated research present condition also.chapter 3:The relation capital of business enterprise. Mainly to relate the capital the basic connotation and the type, the function and so on carries on the theoretical analysis and the limits, and through to relate the capital each kind of related theory and the theory analysis and the narration, further discusses the relational capital conformity theory the basis. At the same time, has analyzed the Chinese Enterprise merger and acquisition relations capital conformity origin, and elaborated the enterprise merger and acquisition relations capital conformity regarding the enterprise merger and acquisition value goal realization decisive significance.Chapter 4:The relation capital that business enterprise buys also integrates. From to business enterprise also the analysis of evaluation and success or failure after buying commence, at time foundation up put forward relating to capital integration, then lead into our country business enterprise and buy in should work well relation capital integration of standpoint. Then relate to the different attribute of capital, put forward different integration strategy, such as to business sexual behavior capital integration and integrate strategy to the social sexual behavior capital.Chapter 5 :The capital of China's M & A integration between inspired and thinking. In above four chapters of analysis and the elaboration foundation, in view of our country enterprises characteristic proposed five aspect conformity countermeasures, and carry on the elaboration and showing to it.Chapter6:Summarizes. It obtains from the paper carry on elaboration showing author's some viewpoints and some conclusions.The enterprise completes initially after the merger and acquisition, through to each kind of relational capital positive effective conformity, enables the merger and acquisition to achieve the anticipated goal gradually. The relational capital conformity completes symbolized the enterprise has obtained the new value through the merger and acquisition.