Research On Causes And Effects Of Mergers And Acquisitions In Listed Companies

China's economy is currently in a state of "three phases of superposition," that is,shifts in the pace of economic growth,painful periods of economic structural adjustment,and pre-stimulus policy digestion.Under the new normal economic operation,economic restructuring and structural adjustment have become the current theme.Due to the slowdown in the growth of China's traditional industries and the emergence of emerging industries,overcapacity and irrational industrial structure have become increasingly prominent.The method of acquisition can effectively resolve the contradiction of overcapacity,increase industrial concentration,promote industrial transformation and modernization,and gradually become an important choice for economic development.It is also an endogenous demand for transforming development mode and adjusting economic structure.In recent years,government agencies have successively introduced a series of policies to support mergers and acquisitions and promote economic restructuring.The M&A market has experienced rapid growth in the number of transactions,transaction amounts,and financing amounts.Based on this,this article uses the China Merchants Shekou Exchange to absorb mergers and acquisitions of China Merchants Property.Taking the overall listing as an example,case studies are conducted through case studies,qualitative and quantitative methods,and a combination of macro and micro perspectives.This paper starts with the research background,research significance,domestic and international research status,and elaborates the theoretical knowledge from the aspects of M&A,M&A,M&A theory foundation and the general overview of the M&A market,and lays a foundation for the theoretical analysis of the case analysis below.Secondly,this paper introduces China Merchants Shekou M&A investment real estate and realizes the overall listing M&A case from the perspectives of M&A background,M&A parties' basic profile,M&A plan,and M&A process,etc.,and prepares the aforementioned work and background for the following case analysis.The research focus of this article is to quantitatively analyze the M&A cases from the perspectives of motivation analysis,compliance analysis,rationality analysis,financial index analysis,and non-financial index analysis of M&A.Finally,for the case analysis part of this article,Suggestions and measures are put forward from the perspectives of both the enterprise and the market,in the hope of bringing some enlightenment to the companies that need to be merged.