The Effect Of Target-firm Accounting Quality And Core Business Competence In The M & A Market

M & A is an eternal theme of the capital market,the world economic history can be said to be a history of mergers and acquisitions.With the economic development,the prosperity of the capital market,the industrial structure of continuous optimization and upgrading.Enterprises continue to pursue the development and growth of the road,mergers and acquisitions is one of the way to pursuit.Face to more and more M& A events,more and more problems are also highlighted in the process of M & A,and the issue of M & A is also included in the category of corporate governance.Among many factors that affect the M & A,this paper chooses the two factors of the accounting information quality and the core business competence of the target enterprise to research.This paper systematically reviews and summarizes the relevant literatures on the relationship between M & A performance,accounting information quality and M & A performance,core business competitiveness and M & A performance,and expounds the accounting information quality,core business competitiveness and other theoretical basis.This paper uses the method of normative research and empirical analysis to analyze the relevant literatures and the related theoretical basis,and put forward the research hypothesis to carry out empirical analysis on the M & A events of listed companies from 2012 to 2014,and study the relationship between the accounting information quality of target enterprises And the core business competitiveness with the performance of mergers and acquisitions.Through the empirical analysis of descriptive statistical analysis,correlation analysis and regression analysis,it is found that there is a significant positive correlation between the quality of accounting information and the performance of M & A,and the core business competitiveness of the target enterprise is also positively correlated with the performance of M & A.Finally,according to the conclusion of this paper,the author puts forward relevant policy suggestions for the quality of accounting information and the core business competitiveness respectively.