A Research On The Impact Of Listed Companies' M&A On Market Value Management

Merger and Acquisition(M&A)has become an important means to enlarge the scale,enhance the competitiveness and realize the strategic transformation for enterprise development.With the deepening of China's economic reform,the external market circumstance of M&A has undergone great changes.M&A of listed companies has come into a new period with the innovation of M&A mode and M&A scheme.Market value management is closely related to the value of the company.M&A plays a key role in value creation and market value management.Therefore,it is of great practical significance to study the relationship between the M&A of listed companies and the market value management in the new situation.The research background and significance of the subject are first elaborated in the thesis,and then the thesis makes a review of the related theories of M&A,the market value management and the research findings of merger performance.Focusing on the influence of practical problems in the process of M&A on market value management,the thesis is an attempt to provide a reference for the supervision of regulators and investors through case analysis.