| With the gradual recovery of the global economy,the improvement of product competitiveness of self-owned brands and the acceleration of overseas distribution,the export form of China's automobile manufacturing industry has been relatively good in the past two years.The overseas development of the whole vehicle business of the automobile industry drives the automobile parts enterprises to go out.In recent years.Chinese automobile manufacturers are developing rapidly through cross-border mergers and acquisitions.Joyson electron is a typical representative of them.At present,there are many researches on mergers and acquisitions,especially on overseas mergers and acquisitions of state-owned enterprises in the academic circle.However,due to the great difference between China's economic growth stage,enterprise development status and capital market maturity and western countries such as Europe and the United States,it will be biased to directly cite relevant foreign merger and acquisition theories to analyze the problems in China's market,and it is also not comprehensive and objective.This article first to the enterprise merger and acquisition of related research literature review,and with all wins the electronic case of mergers and acquisitions as the breakthrough point,based on the synergy theory,and the theory of market forces in the mature theory to analyze Joyson electronic M&A motivation,this paper argues that:Joyson electronic main motivation of M&A is to expand overseas markets,the pursuit of synergies,access to resources superiority;From the perspective of M&A performance,the short-term market performance is very detailed,and the changes of financial performance and EVA are not significant.After analyzing the experience of merger and acquisition and the improvement to be made,this paper finally gives some policy suggestions on the problems existing in the merger and acquisition of enterprises,hoping to be helpful for the future development of Joyson electronic. |
PDF Full Text Request