Research On The Merger Performance Of A Share

In the past ten years,the growth and growth of traditional enterprises in China have faced many problems and challenges.Compared with the rapidly developing Internet economy,the traditional major industries have shown a problem of lack of growth momentum.With China's domestic economy growing rapidly In the transition to high-speed development,China's economy is facing many pressures and problems,such as the economic downturn,weakening external demand,per capita profitability,lower corporate profitability,and overcapacity in traditional enterprise production.Many companies are facing tremendous pressure for survival.The deterioration of the entire economic environment and a series of changes in external conditions have caused the income of traditional businesses to decline,their profits to decline,and their survival to a greater extent.As a result,corporate mergers and acquisitions in the entire capital market have become more frequent and widespread,and many have been listed.The company is even more so for development.The theory of corporate mergers and acquisitions has always been a major component of corporate research theory.It plays an important role in the development of the global economy.The method of research is mainly to use empirical research before.With the increase of the number of samples that can be studied and the accuracy of the data,the conclusions of the research are increasingly convincing.Another major research method is It is a financial indicator analysis method.From a comprehensive point of view,for the moment,there are several problems in the research on M&A performance.First,most people follow the trend of stock price fluctuations in the West for empirical analysis,but do not use the financial indicator analysis method to assist analysis.It is not so persuasive.Second,when using financial analysis methods,most of them use only short-term financial indicator analysis methods.Different cases will result in inconsistent conclusions because of the inconsistent manner of mergers and acquisitions,even if some of them will be used.The analysis of long-term financial indicators is only the analysis of mergers and acquisitions for two or three years or three or four years.The financial indicators of the past few years are not compared with the year before the merger.The financial indicators of the analysis of mergers and acquisitions performance,but also added a number of comprehensive financial indicators,non-financial indicators for horizontal comparative analysis,only in this way,can be relatively complete analysis of the performance of the conclusions.For most cases,the size of the assets of the M&A company is difficult to highlight its performance after M&A.Therefore,this article also chooses the M&A party as the analysis target.In order to enable long-term performance analysis,this article deliberately adopted one of the top ten M&A events in China's A-shares in 2011.Ping An acquired Shanghai Jiahua as the analysis case of this article,analyzed its performance,and used the traditional short-term financial indicators analysis.In addition to the analysis of short-term stock price volatility events,a three-to four-year long-term analysis of financial indicators from the year before mergers and acquisitions to non-financial indicators was used to assist in the analysis of performance.The case attempted to meet with points.Revealing the performance of mergers and acquisitions between China's domestic A-shares has certain implications for the large number of A-share capital markets in China.On the premise of collecting a large amount of data,this article stands on the perspective of the acquirer and uses several common methods to analyze the performance of the merger and acquisition,which has a certain representative significance.The case attempts to reveal the performance of mergers and acquisitions between China's domestic A shares.It has certain reference significance for the large number of M&A and restructuring of China's A-share capital market.The biggest drawback of this article is that this article is a case study and does not represent the entire industry mergers and acquisitions system.The individual case studies of individual cases appear to be less convincing than the individual differences.This is also the biggest deficiency of the case analysis.The other is data.Both the effectiveness and the availability are not as high as the theoretical value,which will also have some impact on the conclusion.These problems will be continuously improved and improved in the future.