Research On The M&A Mode Of Weak Purchase Strong Of Private Enterprises

In the new normal,China's economy has entered a critical period of transformation and upgrading,Some traditional industries into the recession,overcapacity,the need to adjust the structure and change the growth mode.In the face of the situation of sustained economic downturn,the government-led structural reform has become a good medicine to solve China's economic problems,and private enterprises because of its own characteristics and advantages in the current supply side reform battle has an incumbent play and A pivotal position.Many private enterprises bigger and stronger,in the industry in a leading position.At the same time,more and more private enterprises choose to implement the M&A to take the economic development of the express,to speed up its own development process.M&A has always been seen as the capital market "crown of the pearl",with fast access to target business resources,improve the industrial structure,to achieve rapid growth of the great advantages.However,China's private enterprises mergers and acquisitions in the early has been tepid,the scale of China's rapid development of GDP and does not match.The main market is not strong,the motive is not strong enough,financing by various constraints,too much government intervention,financial support is not enough and many other factors seriously hindered the pace of China's private enterprises to implement mergers and acquisitions.With the weak and strong mergers and acquisitions since the 20th century,80 years gradually into the people's vision,this acquisition model has become the fourth wave of US history of the main wave of mergers and acquisitions,as some weak enterprises to obtain strategic resources,the fastest expansion market,the most Convenient way.In the face of the new environment in the international and domestic countries,the deep-seated changes in the economic structure have become the urgent needs of our country.The market-oriented mergers and acquisitions of private enterprises have become an important means to achieve the goal of "steady growth and structural adjustment".With the introduction of a series of policies to support the development of private economy and encourage enterprises to acquire mergers and acquisitions,private enterprises are increasingly involved in the upsurge of mergers and acquisitions,China's private enterprises have also broken only strong and weak or strong combination of the situation Some of the new type of weak and strong mergers and acquisitions model.But for this model of mergers and acquisitions,China's current research is still less.This paper chooses the typical case of China's chemical industry in the case of weak and strong case,and makes a deep exploration of the leading pyramid of the leading industry in Baililian.and takes the motives and financing methods as the breakthrough point From the perspective of the basic theory of resources,This paper analyzes the advantages and disadvantages of the different financing methods,and analyzes the advantages and disadvantages of the different financing methods,and analyzes the advantages and disadvantages of the different financing methods,and analyzes the advantages and disadvantages of the financing methods.The paper analyzes the influence mechanism of the financing mode on the performance of M&A,and analyzes the factors that affect the formation of M&A motives and financing methods of private enterprises in our country.From the theoretical and empirical aspects:private enter:prises to weak and strong mergers and acquisitions model can bring to the mergers of resources,brands,markets,technology and other aspects of the benefits,and performance can be improved,but the real performance of mergers and acquisitions play a decisive impact Is the process of mergers and acquisitions in the key aspects of the strategic choice.The final meaning of this paper is to summarize the experience of weak and strong M&A model from the success of this M&A,and provide reference and reference for other private listed companies who wish to carry out M&A activities.