A Study On The Motive And Performance Of Mergers And Acquisitions By China's GEM Listed Companies

Development of mergers and acquisitions have experienced centuries of history,in the late nineteenth century to the early twentieth century for the first time reached the peak in the world.With the continuous development of the world economy,the wave of mergers and acquisitions has never stopped.China's economic development with respect to the Western countries started late,until China's economic reform and opening up gradually developed.And this very rapid development momentum,which led to our country in the economic development of the wave of mergers and acquisitions among the short history than many other Western countries.But it was in this period,China's M & A also experienced a wave of up to four times.History of the development of China's mergers and acquisitions not only occupy an important position in the history of China's economic development,but also for global economic development has made tremendous contributions.In this period our experts also conducted a study of mergers and acquisitions at home and abroad multi-faceted,their varied research,including research for Merger and acquisition performance by the study.The content of the study from the concept of mergers and theoretical analysis to empirical studies,including studies of different samples and research data,but also makes the findings compelling growing,but many of them have not been studied for a particular type of business,also ignored empirical research and analysis of specific cases combined,allowing readers to the company for a specific merger impact visual experience greatly reduced.And since the GEM board,the high estimated price of the IPO issue price of such constantly grow taller,various start-up companies are able to get a lot of raised funds from the merger,so that the GEM companies in mergers and acquisitions full of power.With the continuous development of China's M & A wave of GEM wave of mergers and acquisitions of listed companies is also increasing,which gives this particular type of enterprises to provide a basis for a large number of empirical studies,and making it the focus of the study area M & A performance.Based on the previous GEM listed companies in M & A wave,for example for a listed company acquisition motivation and performance were analyzed,and L electrical Co.,Ltd.as a practical case,the analysis of the company's acquisition motivation and performance,and from its acquisition of any problems and propose appropriate countermeasures against the problem,and hope through research papers listed on the GEM companies on mergers and acquisitions motivation and performance characteristics of listed companies in China to contribute to research.