Status Of Listed Companies In China And M&A Performance Evaluation

Based on the lessons from the scholars research foundation, first in the theoretical basisof M&A are described, and the main shows China enterprise merger special reason. Again inChina since2000to be listed merger and acquisition in the detailed investigation, explainenterprise since2000merger development and future development trend. Through the mergerof the performance evaluation method has been summarized and compared performance, setup enterprise merger of poor performance evaluation model, with2006of the126listedcompanies in China M&A deals based data for the sample, the effect to be listed merger andacquisition performance test and analysis of the factors.Research results show that the performance of the whole from the acquisition, merger andacquisition is not enterprise to bring the rapid increase efficiency; Generally speaking, whenthe scale in M&A reach maximum effect, but in the later years of decline gradually; Indifferent ways of merger, the listed company with it to bring enterprise high performance;M&A will bring the company to purchase more benefits, and between the target company ismix into happy care half; Between different industries, outstanding performance for wholesaleand retail establishments acquisition performance is far higher than other industries.Finally based on the conclusion to propose the countermeasure and the suggestion: thegovernment should strengthen the M&A standard and guide, reduce to enterprise policyintervention; Enterprise should choose the suitable for their own acquisition strategy and theway, pay attention to the integration of after the merger factors; To speed up the establishmentof the market intermediary organizations.