A Study On The Impact Of Accounting Conservatism On Financial Performance Of Mergers And Acquisitions

Accounting robustness,will inevitably have a certain impact on the company's financial performance.It also has a profound impact on the company's M&A behavior and M&A financial performance.The research on accounting robustness and corporate M&A behavior in China started later,and the study on the impact of accounting robustness on corporate M&A financial performance is lagging behind.At the same time,with the rapid growth of China's population,the rapid aging of the population,the continuous implementation of the new medical reform policy,and the continuous expansion of the pharmaceutical consumer market.In order to promote the sound and sustained development of the pharmaceutical manufacturing industry in China,the development of the pharmaceutical manufacturing industry in China has always been characterized by weak research and development capabilities,low levels of drug production technology,low concentration of production,and similar products.The Chinese government manufacturing system,and invested a lot of funds to promote the implementation of reforms.Therefore,accounting robustness has an impact on the financial performance of M&A companies in the pharmaceutical manufacturing industry.The thesis first analyzes and summarizes the relevant research results at home and abroad.takes the theory of agency,information asymmetry,company merger and acquisition motivation theory and contract theory as the research basis,and takes the case of China Medical and Health Industry Co..Ltd.as the case of Henan Tianfang Pharmaceutical Industry.This paper introduces the basic situation of China Medical and Health Industry Co..Ltd.and Henan Tianfang Pharmaceutical Industry Co..Ltd.,compares the financial indicators data before and after the merger of China Medical and Health Industry Co.,Ltd.,and analyzes the financial performance indicators of mergers and acquisitions using the comparative analysis and ratio analysis method.Then the impact of accounting robustness on the financial performance of M&:A is obtained.Discover the problems in the process of merger and acquisition in this case,the better the merger performance of the merger and acquisition parties with higher accounting robustness,and thus obtain the conclusion.In controlling the behavior of senior management,reducing the asymmetry of accounting information,improving the strength of corporate governance,etc.,a series of feasible and targeted solutions are proposed to improve the soundness of corporate accounting,thus improving the financial performance of corporate mergers and acquisitions.We hope to provide reference for the merger and acquisition of pharmaceutical manufacturing industry...