A Study On The Performance Of Transnational M&A Of Private Enterprises

In recent years,with the deepening of economic globalization and the sustainable development of China's economy and the upgrading of industrial transformation,there has been a "blowout" development in China's cross-border M & A market.In such an environment,private enterprises still maintain a good trend of development,actively participating in overseas mergers and acquisitions in order to seek more development opportunities.2018 Chinese overseas M & A report pointed out,The number of private companies involved in the deal soared to 85.16 percent of the total,accounting for 78.67 percent,accounting for half of the overseas mergers and acquisitions of Chinese companies.However,as the relevant supervision in China is becoming more and more powerful and some popular investment countries have some politics about Chinese capital,Prejudice and other issues,Chinese enterprises through cross-border mergers and acquisitions to expand their own scale and move towards the international,has been hindered by a lot of obstacles.As the main force of cross-border mergers and acquisitions,private enterprises need to pay attention to which problems in overseas mergers and acquisitions and combine their own advantages and disadvantages to maximize income.At present,the research on these issues is particularly important,which is also the main research goal of this paper.Based on the analysis of the case of Midea's acquisition of Kuka Group,this paper adopts the combination of event research method and accounting index method,from two aspects of market reaction and financial effect.The performance of Midea after the acquisition of Kuka Group is studied in detail.Through the specific analysis of performance,we get the problems that private enterprises need to pay attention to in participating in cross-border mergers and acquisitions and the related enlightenment.Through the analysis of the event research and the accounting index method,the paper draws the conclusion that the accumulated abnormal rate of return and the indexes are much higher than that of the pre-merger,that is,from the view of the comprehensive view,The M & A has a positive effect on the M & A performance in both the market and the finance.Through the analysis and research of this case,this paper also sums up some of the experiences and successes that the private enterprises of our country can use for reference in the acquisition and acquisition activities,including the purpose of the clear merger before the merger and the merger,the risk prevention and the post-merger of the post-merger,etc.The content runs through the whole process of the M & A activities.It is hoped that it will be helpful to M & A transactions in the industry after that.At present,more and more enterprises are facing the strategic choice of cross-border mergers and acquisitions.By studying the performance of mergers and acquisitions,we can not only analyze the factors that affect the performance of mergers and acquisitions,but also give reference significance to other enterprises in the same industry in cross-border mergers and acquisitions.