Research On Motivation And Performance Of M & A In Baiyuan Pants Industry

With the development of the times,the competition trend of the traditional industries in China is becoming more and more severe,and the traditional enterprises are facing challenges,especially the labor-intensive enterprises.In order to face the changes of economic environment,defuse risks and enhance competitiveness,in recent years,in order to seek new directions for development,cross-border M&A has become a popular way for enterprises.Baiyuan pants industry seizes the opportunity well and chooses the cross-border e-commerce industry which has achieved rapid development under the inclination of policy and has high growth potential.After merging and acquisition,Baiyuan pants industry has successfully entered the cross-border e-commerce industry and become one of the earliest enterprises in this industry in China.After the merger and acquisition,the company successfully lists in A shares,which is the only cross-border e-commerce in a shares.Listed companies.On the basis of the above background and case study method,this paper makes an analysis and Study on the M&A behavior and performance of Baiyuanpants industry.Firstly,it introduces the background and significance of the M&A,and introduces the relevant theories of M&A.Then,it introduces the background of both sides of M&A,and combs the motivation of M&A in the process.Based on the previous content,it finally passes through the performance.Effectiveness study to test the effect of M&A.Through the case study and in-depth analysis,it is found that after the merger and acquisition of Baiyuanpants industry,both short-term performance and long-term business performance of enterprises have significantly improved compared with before.On the other hand,through the analysis of financial indicators,it is found that although the management level of enterprises has reached a higher level after mergers and acquisitions,the risks and costs of the company's operation have also increased.From the perspective of non-financial indicators,enterprises have broken away from the original labor-intensive,improved the technology level,the expansion of enterprise scale has led to the expansion of market scope,the business structure of enterprises is more reasonable,and enterprises step by step achieve strategic transformation.So we can draw the conclusion that the motive rationality and performance of M&A in Baiyuan pants industry have been improved.