Mergers And Acquisitions Payment Choice And Influencing Factors Of The Research In Our Country

With our country economic system change unceasingly,by the transition of the planned economy to market economy,the deepening reform of non-tradable shares and the full swing,and the standard and the mature capital market,our country market m&a boom ushered in the round,with m&a scale unceasingly expands,the single payment already can’t meet the needs of the reality,and hinder the rapid development of China’s m&a market.As one of the most important link in the m&a process,both sides of the different m&a payment will affect the m&a financial structure,m&a performance and capital structure and so on various aspects,not only affect the m&a can complete smoothly,even after the merger integration also indirect effects,and mergers and acquisitions in China payment form is single,limited to cash payments,the lack of diversity and innovative,lags far behind the European and American developed countries,and the theory is also relatively weak,these problems have seriously hindered the development of m&a in our country,research on the influence factors of the choice of payment has a strong theoretical value and practical significance.Combination of literature research and case studies,this paper first USES the literature research,the paper summarizes the existing research results,summarized the domestic and foreign scholars at home and abroad about the research of m&a payment method and the present situation of the m&a payment,from aspects of the external factors and internal factors summarized the enterprise in the choice of payment when the impact.Then select typical cases midea group researches in m&a Toshiba home appliance,and analyzes the management attitude to select payment method,the group’s financing ability and maturity of our capital market,mergers,time constraints,information transmission and other influence factors to Toshiba home appliance of midea group choose cash payment m&a,and analyzes the midea group the pros and cons of m&a Toshiba home appliance choose cash payment,finally summed up the problem of the current m&a payment method in our country.