Enterprise Capabilities, Multiple Cases Of Competition With Overseas M & A Motivation Study

In this paper, using case study method, choosing four overseas acquisition investment case four energy intensive enterprises, the ability of the enterprise, industry competition how to affect the formation of motivation of overseas mergers and acquisitions of enterprises are discussed. Energy enterprises in Chinese economic development entity status play a decisive role, along with the rapid development of China’s industrialization process, demand more and more resources. The development of energy enterprises,multinational,whether national or strategic levels, strategic aspect of enterprise, have already become an. important.direction. In recent years,China’s domestic mining enterprises grow up and starts to move toward the international market, the development of overseas resources,the main investment way is to overseas mergers and acquisitions. However, M&A in some type of overseas events, there is often great in strength and impetus of the media to report the beginning, intermediate after several ups and downs, finally lost.In order to more detailed understanding of motivation of overseas mergers and acquisitions energy enterprises, after briefly the development and theacquisition, of four Chinese energy enterprises overseas mergers and acquisition activity, then analyzed within case analysis and cross case,when the enterprises do not have market related ability of comparative advantage, face the competitor increases, price competition when the situation,enterprises prone defensive field to, seek overseas M&a motive,and if the competitor has invested in the target market, more easy to promote enterprises to form this kind of motivation. When the relativeadvantage of enterprises with market related abilities, while facing the competitor increases, price competition situation, enterprises prone toattacking field seeking acquisitions overseas investment motives, and if themain competitor is not in the target market, promoting enterprises more easily formed this kind of motivation. Finally the merger background,process and results analysis, merger motivation classification from the will,and through the analysis of the motivation, on China’s mining enterprisesoverseas mergers and acquisitions policy recommendations, in order tobring some enlightenment of mining enterprise internationalization strategy.