| Starting from the late 19 th century early 20 th century,it has appeared three times in the international wave of bank mergers and acquisitions,each time all has brought extensive and far-reaching influence.Which began in the 1990 s,led by the United States and Japan,the third international banking M & A wave that swept most of the world countries and regions,has changed the overall pattern of international banking and development pattern.Affected by the international M & A in the banking sector,China's large state-owned commercial Banks and joint-stock commercial Banks with strength began to extend to overseas perspective,trying through transnational merger and acquisition in the international market to seek more development opportunities.However,because of China's banking industry has long been the administrative intervention,the market process is slow,imperfect corporate governance,poor overall strength,so that cross-border bank mergers early small number and small scale.With the establishment and development of China's market economy,deepen financial reform and the full liberalization of the domestic business market,commercial banks in China is facing many challenges in the operating environment,but also opportunities and challenges coexist.China's commercial banks should actively seize the opportunity to form their own core competitiveness through mergers and acquisitions,establish cost-effective management mode,compete against domestic and foreign interbank,but also to go out strides to develop foreign markets,to become internationally competitive large commercial banks.Therefore,this article takes our country commercial bank transnational mergers and acquisitions as the theme,closely around the Industrial and Commercial Bank of China(ICBC)M & A standard bank Argentina this case to discuss,hope with a fresh perspective,select the industrial and Commercial Bank of China this is representative of the M & A case,case of comprehensive and systematic study.The research focus on the case analysis.The research focus on the case analysis.In the analysis of the process of introducing related bank transnational M & A theory as the theoretical basis,theory with reality,concrete analysis of the banking cross-border M & A reason,mergers and acquisitions integration and M & A performance.etc.Firstly,review and summarize the research results of domestic and foreign literature,and expounds the research ideas and methods.Secondly,choose ICBC acquisition of Standard Bank Argentina as a case,combing the whole process of mergers and acquisitions,focusing on analysis of culture,M & A type and the financial crisis and the payment of the four influencing factors on cross-border mergers and acquisitions of China's commercial banks influence;and for the case study financial analysis need to use one by one to explain and elaborate analysis of bank mergers and acquisitions related to the theoretical basis.Thirdly,on the introduction of the industrial & Commercial Bank Standard Bank Argentina's background,it focuses on the acquisition of Standard Bank Argentina ICBC four motives and the four factors that influence ICBC's acquisition of Standard Bank Argentina.The key content of this part is based on financial index method,the performance of M & A is the four major financial indicators,such as profitability,solvency,operation ability and development ability,According to the analysis results,it is concluded that the M & A is a successful merger and acquisition.And summed up the successful experience of the ICBC mergers and acquisitions case revelation.Finally,it is the key content of the thesis,and it is also the fundamental purpose of the study,all that is based on the foregoing content,slightly to see in a big way in the long run.Through the external environment,the external environment,the acquisition target and the choice of payment methods,personnel training and the integration of the four aspects of the proposed specific recommendations,hope that the future of our country 's commercial to carry out cross-border mergers and acquisitions.According to the research ideas,this paper is divided into four parts to discuss.In this paper,The core viewpoint of this paper is that the bank of our country which by means of the implementation of transnational mergers and acquisitions to participate in the international financial market competition,is facing some favorable factors,also faces some unfavorable factors,our country commercial bank should boldly learn from international banking mergers and acquisitions experience,according to China's national conditions,with stable and healthy development as the goal,to develop reasonable overseas M&A strategy,to establish effective feasible system as the foundation,and standardize the chance of advancing the practice of overseas mergers and acquisitions,to cultivate and improve the M&A market,Walking out a road with Chinese characteristics to commercial bank's overseas mergers and acquisitions.The main contribution of this paper lies in two aspects,first of all,from the theoretical point of view,by means of the analysis of the factors affecting the performance of mergers and acquisitions,which provides the reference basis in improving our country commercial bank M & A performance.Second,from a practical perspective,by means of the establishment of comprehensive analysis of the index,which provides theoretical basis and the reference index in testing its M & A performance and its influencing factors of commercial banks.This deficiency of the article lies that the selected case of mergers and acquisitions is a case study,the induction is not statistical but analytical,which makes analysis with some limitations,and the selected financial indicators still exists a certain degree of subjectivity.Although assisted by some non-financial indicators comprehensive evaluation,but there is no combination of event study,frontier analysis method research on the market reaction,which will inevitably neglect the effects of other factors on the results of the study. |
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