The Study On Technology Innovation Efficiency Of Shanxi Coal Industries After M&A Activity

In the future, our country will still continue to face the growing energy demand, environmental pollution, the dependence on foreign oil and gas, and many other issues as now we face. To solve these energy crisis, we must rely on advanced energy technologies. Coal is the main body of China’s energy, and it is also the cornerstone of China’s energy security. We must promote the safe and healthy development of the coal industry to protect the stable supply of coal in the long term. And then we can achieve the health, rapid and sustained development of the economic. Therefore, we must be able to get the state-of-the-art coal science and technology and establish the innovative security system which meet the requirements of the leaps and bounds development of coal industry, to solve multiple energy crisis and explore a road of technological innovation with the characteristics of the coal industry.In2008, the Shanxi coal industry carried out a large-scale mergers and acquisitions activity, and the main bodies are Yangquan Coal Group, Shanxi Xishan Coal and Electricity Power, Datong Coal Mine Group, Lu’an Mining Group, Jincheng Anthracite Coal Group and other large-scale coal production enterprises. From Chinese Coal industry, we know the coal situation of the world, from Shanxi’s coal industry, we know what happened in coal industry in China. So you can see that Shanxi plays an important role in the protection of national energy security and the stability of the international coal market. As the pillar industry in Shanxi, coal industry also plays a very important role in the economic development of Shanxi. Mergers and acquisitions is a good way to obtain technical resources, since it can get access to technology, human resources, marketing, R&D funding. Shanxi coal enterprises can recognize their own R&D capabilities in order to enhance the independent innovation ability, and ultimately achieve the sustainable development of the coal enterprises, if we evaluate the efficiency of technological innovation in the Shanxi coal mergers and acquisitionsIn this paper, we make four listed companies as the research object in the M&A process of Shanxi coal enterprises, and learn from previous research on the efficiency of technological innovation, and then combined the characteristics of the coal enterprises themselves, to establish the evaluation model of the efficient of Coal enterprise technology innovation from three aspects:research inputs, manufacturing capacity, environmental support capacity. On this basis, we use the SPSS software to analysis the technical innovation in Shanxi from2008to2011. And then we make the composite score function model to compare the efficiency of technological innovation before and after the M&A in Shanxi coal industry. At last, we make some advices to increase the technological innovation efficiency of Shanxi coal enterprises from three aspects:cooperation capacity, development ability, profitability.