Research On The Influence Of Enterprise Growth By M&As

Nowadays,the global economy develops swift, the growth of enterprise has to be in ahigh speed.M&A,as a convenient way of the growth of enterprises,had been happeningall through the world. Yet recent years, in our country the number of the enterprise whichseeks to grow through M&A, is also growing sharply, but the result is not the same, someenterprises achieve growth or short-term growth through M&A, and other enterprises arein struggles. Therefore, what is the influence of the growth of the enterprise by M&A,especially long-term impact, is particularly important to study.This paper is based on the comprehensive review and analyzes on the basis of a largenumber of documents, restates the M&A and enterprise growth related theory, analyzesthe business enterprise growth mergers and acquisition and the relationship between thedifferent factors affecting the growth of the enterprise merger of influence. This paperselects the two cities in Shenzhen and Shanghai in2006of the66merger enterprises assamples to research, how the enterprise executives the social responsibility reflects howthe enterprise grows, so from five aspects of the enterprise scale expansion ability,operation ability, profit ability, the ability to pay cash and social responsibility indicators,through setting up enterprise growth index system, using the method of factor analysis,extraction public factor, according to various public factor variance contribution to set upthe business enterprise merger scores growth model,calculation of annual growth of theinfluence on enterprise merger comprehensive score, and the analysis of the results, andconcludes that the merger promote enterprise in the short term rapid growth,but forenterprise long-term growth impact was not significant. On the basis of factor analysis,this paper analyzes the acquisition and different motivation, different types, differentpayment merger and whether to enterprise through mergers and acquisitions for affiliatedparties the influence of growth mode, and the results showed that the economy of scalemotivation and merges merger of enterprise growth for short-term effects are effect,long-term impact is negative, and reduce transaction cost and system effect motivationand other types of merger acquisition enterprise growth for negative influence short-termand long-term influence positive effect;The different Payment and whether the businessenterprise growth impact by M&A are no significant differences.