The Comparative Study Of Merger And Acquisition Motions,Model And The Method Of Effectiveness Evalution

In the process of exploring Chinese industry merger and reorganization, inevitably involving similar problems in the process of national development, we need to learn from it. In addition, under the special national conditions in China, we must also generate new industry development theory, how to use the excellent experience abroad, and explore the theory of merger and reorganization of China’s industry is currently facing an important issue. On the basis of predecessors’ research on M&A theory, continue to based on the practical application under the situation of our country, has carried on the exploration and analysis, so as to outline the merger and reorganization to some effect of our country economy.The first part made a brief introduction to the research background, significance and purpose.The second part state that Comparison of Chinese and foreign mergers and acquisitions mode, a variety of cross hybrid model has become a hot topic, and China needs to overcome the problem of cross ownership mergers and acquisitions.The third part elaborate that from the first start of the new wave, the world has experienced a massive wave of mergers and acquisitions five times, this for more than one hundred years, from the economic dimension, management strategy and abroad three angles analyzes the motivation of M&A.The fourth part detailed the six kinds of commonly used statistical method to compare performance evaluation. Most of foreign countries use by systematic analysis method of DEA, the domestic scholars also began to research and reference the DEA analysis method, the author believes that the use of DEA analysis method is more reliable.The forth part said that compare the process of development USA cultural industry mergers and acquisitions with China. We take a lot of research on the merger and reorganization model and industry mergers and acquisitions act, whether "content" as the core of the top-down integration mode by foreign, or bottom-up integration model based on the situation of our country, is the height of the economic development stage. In the cultural industry, for example, in the process of development we detailed comparison of Chinese and foreign industry, including the process of M&A theory and the research direction. We can find that the development of the industry finally is necessarily multiple consolidation pattern channels and content. But in the path of the channel and content integration mode, integration mode has the essential difference between domestic and abroad, it is the result of a different economic development stage, it is also using the differences between Chinese and foreign M&A theory.Finally, summed up their own inadequacy, absorbing foreign rich innovation theory, combined with China’s national conditions put forward corresponding countermeasures of merger and reorganization, the future of mergers and acquisitions to provide some suggestions with reference value.