Research On Impact Of Internal Control Effectiveness To Performance Of Mergers And Acquisitions Of Listed Tourisms Company

As a result of economic globalization and capital market to accelerate the process of domestic and foreign enterprises will gradually by way of mergers and acquisitions to expand the scale of enterprises,and enhance their own strength.How to effectively control and deal with risks,improve the financial effects of mergers and acquisitions have become an important topic in the merging process.The internal control as the tourism industry of the internal and external business process of one of the important system of supervision and management.It plays an important role in inhibiting the tourism business risk factors which can make the tourism industry and the existence of their own business find external risks in a timely manner in the process of operation,and effectively control the risk of internal control on m&a performance in the situation of the tourism industry.It is of great significance both in theory and in practice.This paper discusses the angle is different from previous studies,specifically the effectiveness of internal control on the performance of mergers and acquisitions to describe.First of all,from the domestic and foreign research results about the effectiveness of internal control effect on the performance of mergers and acquisitions,in the principal-agent theory,accountability theory,synergy theory and agency cost theory,current situation of internal control and acquisition were analyzed.Secondly,with the Shanghai and Shenzhen in 2013 2008 to make acquisitions by tourism listed company mergers and acquisitions events as the researching object,the relevant concepts and theories is the premise hypothesis,influence on the performance of internal control of listed tourism companies,and construct the index to measure the effectiveness of internal control and index system about the performance of mergers and acquisitions,empirical analysis.Finally,according to the conclusion of the study summed up the corresponding countermeasures and suggestions,mainly from the internal control and acquisition management two aspects in internal control with the cover to perfect the internal controlsystem,realize the goal of internal control,improve internal control execution and strengthen information communication;merger process management including mergers and acquisitions to strengthen risk prevention,perfect supervision system m&a,to control link.