Research On The Performance Of YMCI's M&A Strategy

Mergers and acquisitions(M&A)prompt companies to achieve economies of scale,enhance core competitiveness,improve share market and business performance.M&A is of great significance to industry and the whole development of market economy.It also helps achieve the adjustment and reconfiguration of the resources of industry,promote the upgrading of industrial structure.Now with the lower level of scale of real estate industry,the development of real estate enterprises is under restrictions.National macroeconomic regulation and control further promoted the real estate industry reshuffle and integration process.What is the performance of real estate enterprise after Mergers and acquisitions?How to improve the performance of real estate enterprise after Mergers and acquisitions?What should real estate enterlprise focus on in the program of Mergers and acquisitions?The study of experts and scholars in our country about these problems is less.Complete theoretical system does not form.In order to answer the above questions,this paper introduces the company's relevant institutional regulations on corporate merger and acquisitions,taking the typical local real estate enterprise in China as an example.It analyzes the development of the company's M&A strategy in the past eight years,based on event analysis.This paper finds that from the short-term performance point of view:after counting all 51 M&A activities,it is found that the M&A activity has a small negative impact in a short period of time,and this negative impact basically disappears after 10 days;In terms of long-term performance,on the one hand,with the implementation of the M&A strategy of real estate enterprises,the scale and profits of enterprises have risen rapidly,and the operating efficiency of enterprises has also increased;on the other hand,the debt pressure faced by enterprises has also risen rapidly.Based on the above analysis,this paper gives specific recommendations for the future development strategy.This paper also has important reference significance for other real estate enterprises in China when implementing the M&A strategy.