Strategic Acquisitions Of Listed Companies In China

With the acceleration of the economic globality, the new wave of the mergers and acquisitions (M&A) in all of the world is more and more clear. Since 90's especially from 2000 years, the strategic M&A is increasingly popular. Many enterprises changed their operative direction, and in the base of reorientation they improved their comprehensive competition through taking a series of new mode strategic M&A. The thesis is not only a summary of the basic theory of the strategic M&A, but analyzes the importance of industrial conformity. At the same time, we take the factor analysis to analyze the performance of the M&A. Our aim is to provide some gist and selective idea for the strategic M&A of the companies that come into the market.In chapter one of the paper, we expound the significance of the question to be studied, the study method and the basic structure. The chapter two is a theoretical review of the question. In chapter three, we analyze the reason of M&A from the view of control power and Industrial structure. In chapter four, we analyze the performance through using factor analysis, in order to reveal its change and the proceeds of the shareholders. In the base of the analytical result, we want to find some factors that affect the performance of the M&A. The chapter five is to analyze the domino effect of the strategic M&A. The last chapter is to provide some ways to implement industrial conformity.One of the innovations of the paper is that we use factor analysis to analyze the performance roundly; The second is to analyze the M&A from the view of control power, complement the theoretic innovation.