The Analysis On The Performance Of M&A In The Listed Companies Based On EVA

M&A (Mergers and acquisitions), one of an explanation of the union in the field of economic, is an important impetus in the development of Enterprises. Many well-known enterprises succees through M&A and their success attracts the sight of researchers in banking and finance. M&A research’s core is its effect on "Corporate Value" and many methods is used to prove this effect. But it seems hard to get a unified conclusion. A new method---"Economic value added study" will be used to analyze the impact of M&A on Listing Corporation and some unique Characteristic of Chinese M&A activities will be introduced. The conclusion derived from theoretical and empirical studies are as follows:Firstly, M&A has a Positive effect on the improvement of Corporate Value. More than Sixty percent of the Samples show good Performance. Secondly, different industries have different performance. Traditional industries like Resource and Manufacturing is better long-term achievements. Emerging industries like Public utility is better in short-term achievements. Thirdly, Government’s behavior has no bad effect on the performance of listed companies which are doing M&A.