Research On The Performance Of Overseas Mergers And Acquisitions Smithfield Of Shuanghui International

M&A as the main way to achieve economies of scale and reach the company optimize the industrial allocation of resources.In the aspect of theory,mergers and acquisitions create value for the enterprise mainly reflected in increase the synergistic effect and achieve diversification etc.However,practical experience has shown that many m&a doesn't bring value increase to the enterprise.Under the background of market economic,m&a has become an important part of the large enterprise groups strategic business activities.With the encouragement from the government related strategy,many chinese enterprise begin to join the queue of m&a,therefore,The flock to the international market not only in the number of horizontal mergers and acquisitions increased significantly,but also the size of its trade is bigger than before,which also bring a series of problems.Some companies increase corporate performance through mergers and acquisitions,but some of the company's financial situation instead of from bad to worse in overseas mergers and acquisitions,brought losses to shareholders.Therefore,as for Chinese food enterprise is not experienced in m&a,In the cases of market management risk,to research the m&a performance is the main problem this article tries to research.Based on the example of shuanghui international acquisitions overseas smithfield,This paper makes further exploration of the influence on the m&a performance problems.First of all,the paper explaine the concept and relevant theories of overseas mergers and acquisitions,and review the suvery on overseas m&a;Secondly,this paper analyze the influencing factors of enterprise m&a performance,Then the paper give a brief description of the case of shuanghui international m&a Smithfield;Lastly,The paper analyze overseas m&a performance respectively in short term and long term.Then Use event study to analyze the short-term performance of the company,followed analyzing its long-term performance by using financial indicators and combined with the balanced scorecard method,Then analyze the reason of this change.Results show that the shuanghui international gradually increase the wealth of shareholders after the acquisition,the development trend is on the rise.Finally,Summarizing the research conclusion of this article:(1)Shuanghui international overseas m&a create value for the company in a certain period of time.(2)Shuanghui international overseas m&a is an important link in shuanghui implementation strategy management..Through integration of overseas m&a gain the core technology,the industrial chain,improve the status of the company in the industry,at the same time,improve the core competitiveness.(3)The reasons for the success of shuanghui international m&a smithfield are correct decision before m&a,the m&a object conforms to its strategic planning,International Banks and other financial institutions and domestic policy support are provided would guarantee smooth implementation for overseas acquisitions.