The Listed Company Unistrong Company Mergers And Acquisitions Analysis Of Performance

With the improvement of national defense technology and the improvement of military modernization,as well as the deepening of the integration of military and civilian,the country's strong support,more and more private capital into the military and other countries monopoly areas,enterprises through mergers and acquisitions,ongoing internal and external resources Integration,especially to build a complete industrial chain,for the weak links of enterprises to effectively improve and continuously improve the industrial layout,which can have a higher market share,China's Beidou satellite navigation enterprises will enter a period of rapid development,mergers and acquisitions will become The main theme of the times.Satellite navigation industry as one of the important industries of national defense science and technology,in recent years,frequent mergers and acquisitions,but as a new industry,there is no reference to the mature model,mergers and acquisitions there is a big risk,the lack of a reasonable performance evaluation system,Enterprises become bigger and stronger,to speed up the integration of resources an important way.With the domestic capital market reform speed up,listed companies in information disclosure and other corporate governance has made great progress,the capital market is more important to the real economy.This paper,on the basis of summarizing the current situation of domestic and foreign research,combined with the characteristics of China's capital market,under the support of relevant theories,put forward a comprehensive evaluation of Beidou navigation enterprise M&A performance evaluation method.This approach takes into account both financial and nonfinancial analysis and the impact of M&A on shareholder wealth.The paper chooses Changchun Tiancheng Technology Development Co.,Ltd.and Beijing Zhaotong Shengsheng Technology Co.,Ltd.as an example to study the selection of indicators and expand the balance scorecard to build the model.Through the model to evaluate the case to determine whether the success of this acquisition,and in accordance with this representative case for the future industry M&A activities to provide reference for China's Beidou satellite navigation companies involved in the acquisition of performance evaluation system to provide the theory And practice support.