The Cross-border M&A Short-term Performance Of Chinese Private Enterprises

In recent years,with the deepening of economic globalization,the strength and the rapid growth of private enterprises in our country,more and more private enterprises are began to participate in overseas mergers and acquisitions,raised a new wave of China's overseas mergers and acquisitions.In addition,the macro economic growth is slow,make the home appliance industry such as real estate industry downturn overall market sales face difficulties,increasingly fierce competition within the industry,the traditional home appliance industry on a large scale,low cost of production has been unable to meet the needs of enterprise development.The mergers and acquisitions is a new development of home appliance enterprise needs.Overseas mergers and acquisitions to expand product market,private enterprises to expand production scale,improve competitiveness,optimizing the allocation of resources such as positive impact.However,What factors influencing the short-term performance of M&A?And what is the risk?In this paper,the author based on the case of MIDEA acquisition of KUKA,and revolves the major problem whether the short-term performance of enterprise has improved after the cross-border M&A.First,introduces the concept of transnational M&A.Next,under the background of the present age of the characteristics of private enterprises overseas mergers and acquisitions in China;Then,using the event study method and the accounting index method to evaluate the MIDEA group before and after M&A performance;Finally,this paper expounds the MIDEA group of cross-border M&A,in order to promote the enterprise value chain,change into the industrial robot and realize the globalization development strategy.However,due to the digital industry is main engine of economic growth,and KUKA has to realize industry an important component of 4.0,MIDEA would considerably increase the production of automation,with "intelligent household" to create product value,through the "smart" logistics network of sales channels to expand.In general,MIDEA group strategic investment library card group has a synergistic effect,helps to MIDEA group international competitiveness,and improve enterprise profitability.