Comparison Of Different M & A Performance Of Listed Companies

Merger and acquisition is a kind of enterprise behavior under the condition of market economy. It is not only an important form of enterprise expansion, but also the inevitable result of the competition in the market.Chinese m&a market is increasing actively in recent years, both the number of transactions and transaction amount have increased significantly. In the period of the transformation and upgrading of industrial structure, the space of mergers and acquisitions of listed companies will be quite broad. This study uses the data envelopment analysis (DEA) under the super efficiency DEA model. It selected m&a behavior of80in2010listed companies as the research objects. These is diveded into13groups according to the industry to evaluate the enterprise m&a performance of different classification of industrys.The results showed that the industry enterprises belong to different area will cause the difference of m&a performance. Finally it put forward three Suggestions: grasping the opportunity, strengthening macro-coordination and paying more attention to conformity after the merger.