The Efficiency Of Large Chinese Banks’ Cross-border Mergers After Financial Crisis

Under the new environment, design input and output indicators to get the large Chinese banks’ efficiency of cross-border mergers and acquisitions in the European and American regions after the crisis, according to the international M & A motivation.The results show that the total factor productivity of the large Chinese banks has been improved,the technical efficiency has been improved, but the scale of the phenomenon is not economic, after cross-border mergers and acquisitions. After the financial crisis, the large Chinese banks become the main force of cross-border mergers and acquisitions, with the area from the emerging market countries gradually shift to Europe and the United States developed countries. With the acceleration of China’s financial reform, it will become more obvious. So that it is necessary to study the efficiency of the large Chinese banks’ cross-border M & A in Europe and America. But there is not same result for the research on the efficiency of cross-border M & A. The study on the efficiency of cross-border M &A in Europe and the United States is even less. In order to enrich the existing research results, this paper takes the multinational mergers and acquisitions in Europe and the United States as the research object, analyzes the impact of cross-border M & A on the overall efficiency of the large Chinese banks, and empirically tests the relationship between the factors and the efficiency of the changes. In the course of the study, this paper firstly chose the typical cross-border M & A case in Europe and America, analyzed the efficiency of cross-border M & A with DEA model. The results show that the negative impact of cross-border mergers and acquisitions on the efficiency of large Chinese banks is mainly concentrated in the year when the merger and acquisition.Overall, the efficiency is higher than when there is no M & A. As a result it is concluded that cross-border mergers and acquisitions in Europe and America have a positive impact on the efficiency of large Chinese banks. Finally, combining with the specific empirical results, it is concluded that the efficiency of cross-border mergers and acquisitions in Europe and the United States should be improved from two aspects. At the efficiency level, large Chinese banks should use foreign financial institutions advanced technology to improve their level of technology, with innovation in management model,implement the localization management to prevent the scale of the economy. At the bank level, the large Chinese banks should be guided by the market, reducing the impact of policy factors on cross border mergers and acquisitions; Scientific evaluation of macro and micro economic environment, select the timing of mergers and acquisitions, develop a scientific international strategy, according to the needs of the development of international mergers and acquisitions, carefully select the subject of mergers and acquisition; explore new ways to pay, expand the proportion of mixed payments, pilot bonds to pay; focus on post merger integration, through the accumulation of experience in mergers and acquisitions, improve the efficiency of integration.