Study On Causes, Problems And Countermeasures Of Chinese Enterprises Overseas Mergers And Acquisitions

Multi-National Corporation to actively participate in market competition,transnationalM&A in the way of investment to obtain the global competitive advantage, is animportantmeasure for overseas investment at present. With the deepening of economic globalizationand integration, experiencing major changes the Multi-National Corporation foreign directinvestment, transnational mergers and acquisitions have become a main way to promoteforeign investment.In this world of transnational mergers and acquisitions, many of our enterprises arealso actively involved in. In the face of fierce international competition, Chineseenterprises by means of cross-border mergers and acquisitions to integrate information,resources, technology and market, complete the change from domestic enterprises tointernational enterprises, thereby greatly improving China international competitioncapacity of the enterprises, promoting China’s economic and social sustainabledevelopment.Because of the complexity, the international market competition and businessenvironment differences, will inevitably lead to the transnational merger and acquisitiondifficulty and risk than the general domestic M&A are much greater. Set foot on thejourney of cross-border mergers and acquisitions, are doomed to be full of thorns bumpyall the way.In recent years, the transnational merger and acquisition has become one of the hotissues in the economic life of our country, theory research about the transnational mergerand acquisition gradually by academic circles and business circles, transnational mergerand acquisition theory and practice has become an important research direction of theindustry must seriously face. "Chinese enterprises overseas M&A, problem and countermeasure research" onearticle, the transnational M&a theory and Practice Research of enlightenment, combinedwith China enterprise merger and acquisition case, from the theoretical analysis toempirical analysis, the combination of macro and micro, and analyses the risk Chinatransnational M&A, and puts forward the the corresponding countermeasures andsuggestions.This thesis describes the motivation, restriction of overseas mergers and acquisitionsChinese enterprise factors, problems and countermeasures from six aspects: the first part isthe introduction, through reviewing the transnational merger and acquisition theoryresearch progress and developments, the paper described the research background andvalue of this topic, determines the research content, ideas, structure, key points andmethods, and this article points out the innovation points and deficiencies. The second partis the brief introduction of transnational merger and acquisition theory, mainly on thetransnational merger and acquisition theory and related concepts are reviewed in detail,which provides a solid theoretical basis for the analysis research. The third part is theanalysis of causes and status of overseas mergers and acquisitions China enterprises,systematically introduces the present situation, characteristics and causes of Chinatransnational M&A, and from the development process China enterprise transnationalmerger and acquisition point of view, described the scale, the industry, the target area, theway of merger and acquisition, subject, efficiency, empirical data for Chinese enterprisestransnational merger and acquisition risk according to the next step analysis. The fourthpart is the analysis of the restriction factors of China’s overseas M&A and the existence,the results show that: restricting factors of overseas M&A in China mainly in the policy,legal and political aspects, there are defects in corporate governance structure, post mergerintegration of lack of experience. The fifth part is the recent two typical M&A cases inChina were analyzed. The sixth part is to accelerate the development of Chinese overseasmergers and acquisitions of enterprises and puts forward countermeasures and suggestions,this part in view of the present situation and problems of transnational mergers andacquisitions in China, study the corresponding countermeasures, and puts forward some constructive opinions, expectations for the healthy development of overseas mergers andacquisitions Chinese enterprises to actively promote the use.Actively participate in cross-border M&A, is the inevitable trend of world economictrend. All things are the pros and cons of interphase, we can not only see the cross-borderM&A "benefit", more calmly cross-border M&A. Only pay attention to personneltraining of cross-border mergers and acquisitions, cross-border mergers and acquisitions,grasp the transnational merger and acquisition rules, strengthen transnational merger andacquisition planning and management, in order to draw on the advantages and avoiddisadvantages, avoid risks, prevent trouble before it happens, improve the probability ofsuccess of M&A of Chinese enterprises.