A Study On The Performance Of S Company M&A R Company

China's economy is constantly developing,and the number of related M & A cases is gradually increasing.Many cases of mergers and acquisitions have brought economic benefits to enterprises,but there are also cases of unsatisfactory mergers and acquisitions results.Therefore,to evaluate the M & A performance of enterprises,has become a very important issue worthy of further study.With the hotel market is more mature,competition is intensifying,driven by the capital behind,the hotel industry is entering the era of mergers and acquisitions,large hotel companies mergers and acquisitions of small and medium-sized hotel companies,and then the formation of several major hotel companies each occupy a pattern.In recent years,the hotel industry is facing a more serious loss situation,the hotel industry profitability declined.In order to ease the loss,to reduce operating costs on a large scale,Hold together for warmth is undoubtedly the best choice.Therefore,it is very important to understand the motivation of M & A,analyze the performance of hotel industry after M & A,and evaluate the effect of M & A.Therefore,based on the relevant theoretical basis,this article understands the process and motivation of M & A,analyzes and compares the financial and non-financial performance before and after M & A,summarizes the experience of this case,and hopes to provide a reference for the future merger of China's hotel industry.This article is divided into five chapters: The first chapter mainly discusses the research background and significance,research methods and content,as well as domestic and foreign research review and literature review.The second chapter mainly discusses the related concepts and theoretical basis,introduces the concept of mergers and acquisitions,financial performance and expounds the motivation theory of M & A.The third chapter is the introduction of the selected case of S company mergers and acquisitions R company.Respectively,the first travel hotel and hotel group such as the introduction of the situation,the mergers and acquisitions motivation and mergers and acquisitions were described.The fourth chapter is S company mergers and acquisitions R company analysis and evaluation.Through the financial indicators and non-financial indicators for analysis,the performance of corporate M & A evaluation.The fifth chapter is based on the above research,draws the enlightenment of the S company merger and acquisition R company.