Research On Performance Evaluation Of Vanke Merger And Acquisition

As an important channel to rapidly realize enterprise value enhancement and scale expansion,mergers and acquisitions have gradually become the focus of scholars and business managers.Enterprises adopt M&A transactions for expansion,in order to achieve the goal of optimizing resource allocation and achieving profit growth.However,the risk of mergers and acquisitions cannot be ignored.Successful mergers and acquisitions can optimize the structure of the enterprise,enhance the strength of the enterprise,and increase the value of the enterprise.Failures in mergers and acquisitions will destroy the corporate image,waste enterprise resources,and reduce corporate value.The M&A events and transaction amounts in China have increased in multiples in the past 20 years,and the boom in M&A has undoubtedly promoted the research on M&A performance evaluation.This paper firstly takes the status quo of China's real estate industry mergers and acquisitions as the research background,clarifies the purpose and significance of the research,and based on the research results of domestic and foreign scholars,determines the main content of the research and selects the research methods.Subsequently,it introduced the basic situation of the merger of Vanke and the company that was acquired by Indo-China,and also detailed the case of Vanke's acquisition of Indo.Then use the event research method to evaluate the short-term performance,and use the traditional financial indicator analysis method to evaluate the long-term M&A performance.At the same time,combine the strategic changes of Vanke from 2013 to 2017,the market share change and the non-financial factors of the people's resources.Analyze Vanke's M&A performance.Then use the factor analysis model to empirically test the performance of Vanke's previous year and the year after the merger,and analyze the performance of Vanke's comprehensive performance rankings in the same industry.Finally,based on this M&A case,it draws inspiration and makes recommendations on how to improve the performance of Vanke's M&A.Through the research,this paper finds that the enterprise value brought by Vanke in terms of performance level is not significant enough,but it is of great significance for Vanke's strategic transformation and competitiveness enhancement based on long-term development.After the merger,Vanke should also focus on resource integration,strengthen organizational management,improve operational efficiency,accelerate financial unification,focus on brand promotion,and risk prevention.It is hoped that based on the analysis of Vanke M&A cases,the comprehensive and scientific understanding of M&A performance will be enhanced,and new ideas will be provided for other real estate industry companies to determine their M&A performance levels after mergers and acquisitions,so as to provide reference experience for future M&A decisions.