Research On Performance Of Continuous Cross-border M & A Of Enterprises

In recent years,with the continuous development of China’s economic globalization and China’s participation in the implementation of global economic governance,mergers and acquisitions have gradually become a common strategy for enterprises to expand market share and promote industrial development.And with China’s active promotion of the “Belt and Road” initiative,the number of cross-border mergers and acquisitions and the scale of transactions by Chinese companies have increased significantly in recent years.In order to seize the opportunity and enhance the strength of the enterprise to realize its strategy,some companies choose to carry out continuous cross-border mergers and acquisitions.Joyson Electronics is a typical representative of them.How to successfully carry out continuous cross-border mergers and acquisitions and whether companies can use previous mergers and acquisitions experience to improve later mergers and acquisitions performance and performance has become a concern of scholars and corporate managers.By studying the case of continuous cross-border mergers and acquisitions and analyzing the impact of short-term and long-term performance of enterprises,not only can we evaluate the impact of continuous cross-border mergers and acquisitions on corporate strategic layout and strategic goal setting,but also the effects of continuous mergers and acquisitions.This article takes Joyson Electronics’ continuous cross-border mergers and acquisitions as the research object,and uses the event research method and typical case analysis method to analyze the short-term and long-term performance of corporate mergers and acquisitions.Based on the event research method,analysis of short-term performance shows that Joyson Electronics’ overseas market response to M & A is good,and the wealth effect obtained by shareholders is positive.At the same time,based on the balanced scorecard,the long-term performance of corporate mergers and acquisitions was evaluated.From the financial analysis,it is concluded that with the continuous progress of mergers and acquisitions,Joyson’s net profit and operating income have grown significantly.However,the return on net assets is falling,and a series of mergers and acquisitions have not significantly improved the profitability of enterprises.From the analysis of customers and the market,it is concluded that Joyson Electronics has expanded its sales channels,increased its market share,and obtained a lot of high-quality customer resources through cross-border mergers and acquisitions.From the analysis of internal process,it is concluded that the ratio of various expenses to operating income of Joyson Electronics is not obvious,indicating that the company has a strong level of cost management.As for the level of learning and growth,companies are increasing their investment in research and development,and companies are paying more attention to their innovation capabilities.In general,Joyson Electronics gained new profit growth points through mergers and acquisitions,broadened the company’s sales channels,and its long-term performance was good.On this basis,it provides policy suggestions and solutions to some problems that may exist in corporate mergers and acquisitions,with a view to providing policy reference and decision-making reference for companies engaged in cross-border mergers and acquisitions,and is also conducive to Joyson Electronics’ future multinational continuous mergers and acquisitions.Development helps.