Research On M&A Performance Of Real Estate Listed Companies In China

The deals of M&A of real estate listed companies in our country are on the rise year by year. In order to achieve optimal allocation of resources and adjustment of industrial structure, M&A has become an important strategic choice to expand scale and improve the competitiveness of the real estate enterprises. Therefore research under the background of M&A performance of real estate listed companies in China is of great theoretical and practical significance.Based on real estate A-share listed companies in our country from 2004 to 2013, to analyses the comprehensive performance of M&A by using financial index method, factor analysis method and SPSS19.0 measurement software. In order to make the comprehensive performance more scientific and reasonable, to drop out the data of merger and acquisition enterprise performance changes caused by macro factors.Then verify the hypothesis by using single factor analysis of variance.It shows that the M&A performance of real estate listed companies in China generally did not improve, but showed a trend of falling volatility. Especially in the third and fourth year after the merger of integrated, the performance was much bad than the previous year. Finally, to analysis the causes and put forward the corresponding policy recommendations for real estate enterprises: to fully establish relevant regulations and laws, to standardize the government functions, to strengthen the integration after the merger and regulate managers’ behavior.