Research On The Correlation Between M&A Capability And Performance Of Listed Companies In China's Information Technology Industry

In the study of the existing theoretical literature,mergers and acquisition(M & A)ability is still in the early research problems,and there are not related content and structural elements such as the argument further research,especially for mergers and acquisition(M & A)ability empirical research is blank.Therefore,in the paper,from the viewpoint of resource base theory,and combination with the history of enterprise competence,broaden the base of mergers and acquisition(M & A),in the mergers and acquisition(M & A)ability through self-organization theory,comprehensive analysis put forward S-RPL analytic framework.Then give more clearly define the concept of mergers and acquisition(M & A)capacity,the ultimate goal of the analysis of M & A capability and its concept is to quantify M & A capabilities to better analyze M & A performance.As an important symbol to measure the national comprehensive strength and international competitiveness,the information technology industry is the mainstay of China's economic growth and the basis of economic transformation.On the road of economic transformation,the information technology industry has an irreplaceable role.Therefore,this article selects the information technology industry,and listed companies as the sample object.On the basis of the connotation of M & A capability,which is the logical idea “Resources-Capability-Performance”of the quantitative M & A capability.Through the analysis of financial performance factor,based on the sample of China's listed information technology industry firm's mergers and acquisition from 2012 to 2015,by analyzing the correlation coefficient to test the correlation between the slack resources and performance,we can see the correlation between M & A and performance.The results show that the slack resources of the main company are correlated with the M & A,support the hypothesis proposed in this paper.The impact of M & A capacity on performance is worth to further study,in the future,the particular feature or quantitative methods of M & A capacity will have further research.