Research On The Motivation And Performance Of Electronic Components Manufacturing Company YS High Premium For The Acquisition Of Yee Technology

In recent years,m&a has become a high premium on the securities market is a typical hot issue And acquisition of the enterprise as the cause of the high premium is mainly on the underlying business performance of the optimistic estimates that the selection of valuation methods and are eager to change the status quo Tried to obtain synergies through mergers and acquisitions,etc And many high premium after m&a target enterprise's performance is not as expected bright eye,plus performance execution risk compensation agreement,will be an adverse effect on performance of m&a party Based on synergy theory,principal-agent theory and the theory of value underestimate,select YS high premium m&a depending on the case study of science and technology,the cause of the high premium,traced back to the m&a analysis concludes the m&a enterprise high premium before and after m&a performance,trying to adopt high premium for others,and even ultra premium.The structure of the article is divided into six parts:the first one is the introduction,the background meaning content method of the research is introduced;The second part is the high premium of mergers and acquisitions related concepts and theoretical basis first explains related concepts of high premium to mergers and acquisitions,and expounds the theory foundation of mergers and acquisitions motivation and m&a premiums high premium on m&a performance,the influence of the last,the paper introduced the research method,the performance of m&a The third part is the YS high premium m&a,depending on science and technology,the analysis of the first to introduce the basic situation of both parties,and from the target enterprise mergers and acquisitions performance before the merger synergies and target enterprise value assessment methods of the three Angle analysis the cause of the high premium m&a;The fourth part is the YS depending on science and technology,high premium m&a performance analysis of mergers and acquisitions from the capital market performance and financial performance of m&a motivation implementation research angles of m&a performance,and overall evaluation of m&a performance;The fifth part is the revelation of the acquisition of yatv technology by YS high premium.The sixth part is the conclusion and the prospect from the macro-level summary of the research conclusions,and put forward the research deficiencies and prospects.Innovation point of this article is:select YS high premiums m&a,depending on science and technology more mature,the case is a typical high premium m&a failures In this paper,according to the genetic analysis of high premium m&a performance analysis and conclusion of the performance evaluation of revelation logical line,from the financial indicators and non-financial indicators Short-term performance and long-term performance,and so on comprehensive analysis of the reason and consequence of expected performance can't achieve through the combination of theory and practice,reveal the harm of high premium m&a,blindly bring warning role for other enterprises.