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Analysis On The Financial Synergies Of Mergers And Acquisit Ions

Posted on:2020-04-20Degree:MasterType:Thesis
Country:ChinaCandidate:Z Y WangFull Text:PDF
GTID:2439330602963571Subject:Accounting
Abstract/Summary:PDF Full Text Request
The reason why enterprise mergers and acquisitions can make enterprises grow stronger is that mergers and acquisitions can produce synergies and enhance the economic interests of enterprises,so that enterprises can obtain sufficient competitiveness in the market and realize development.Corporate mergers and acquisitions can help companies achieve a diversified business model,thereby reducing the risk of business operations,helping to expand the scope of business operations,and helping companies to improve their technological capabilities.In 2011,China's first listed brokerage merger and acquisition case appeared.With the acquisition of Guodu Securities by Southwest Securities,China's brokerage mergers and acquisitions officially shifted from administrative mergers and acquisitions to market-based mergers and acquisitions.After the marketization,the scale of mergers and acquisitions in China's securities industry continued to expand.Especially in July 2014,Hongyuan Securities issued a notice of restructuring of major asset plans,which has since produced the largest merger and acquisition case after the marketization of China's securities industry.The article mainly uses the case study method and the index analysis method to explain the commonality of the whole industry by selecting the representative case of Shenyin Wanguo's acquisition of Hongyuan Securities.The case of Shenyin Wanguo's merger of Hongyuan Securities is a typical case of mergers between securities companies through mergers and acquisitions.Through detailed research and analysis of this case,it can provide reference and reference for the further integration of China's securities industry.The article mainly analyzes the merger from the causes of mergers and acquisitions and the results brought about by mergers and acquisitions,and inspires the decision-making of some securities companies.Through the analysis of some key indicators,it is necessary to judge and verify whether the merger has a synergistic effect and the original purpose of the merger.In addition,the article analyzes the various important indicators of the two companies before and after the merger and the new enterprises after the merger,so as to indirectly understand the changes in the company's operating capacity,solvency and profitability before and after the merger,whether the company is after the merger and acquisition The management,management,finance and other intangible assets have been improved to judge,and the company.s strength has been enhanced during the merger and acquisition,and whether the industry leading enterprises have shortened the gap and other questions.The merger and acquisition of Hongyuan Securities by Shenyin Wanguo has enabled both parties to make great progress and development,so it has a good reference.With the acceleration of mergers and acquisitions in various industries in the future,there will be more and more mergers and acquisitions.The social industry can learn from its experience and lessons in mergers and acquisitions,so that more companes can achieve better M&A success.
Keywords/Search Tags:Mergers and acquisitions, Financial synergies, Motivation, Performa nce
PDF Full Text Request
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