Study On The Value Creation Of China’s Agricultural Listing Corporation Merger And Acquisition

Aimed at the uncertain of whether the listed corporate mergers and acquisitions can enhance corporatevalue, in order to overcome the deficiency of excess return method based on shares, and traditional evaluationmethod based on financial index, advance a corporate value evaluate method of the listed corporate mergersand acquisitions. Combine with the status of social economy in China; analyze the motivation of agriculturallisting corporation mergers and acquisitions from the angle of Economics. We choose the listed companieswhich had M&A event in2009as study sample, use the adjusted EVA models to calculate the REVA of M&Abefore and after four years in order to make empirical research on the value change of sample. At the sametime, we use some methods such as descriptive statistics, correlation analysis and regression analysis to getstatistical results. At last, the empirical research results show that the enterprise value has been someimprovement, the effect when M&A occur is significant but two years follow that effect is not ideal. Based onthe reality of China, analyze the questions in agricultural listing corporation M&A, and put forwardcorresponding countermeasures. From the angles of acquisition mode, acquisition strategy, acquisition rangeand acquisition type, we build agricultural listing Corporation basic modes of M&A that really suit our country.Finally, summary on the basis of empirical research, analyze the shortcomings of the article, Put forward theconstructive opinions in future.