Research On The Performance Evaluation Of Overseas Mergers And Acquisitions Of Chinese Enterprises

In today's global economic integration,countries around the world are developing rapidly,facing overseas mergers and acquisitions.Hundreds of Chinese companies have abandoned a corner of China and concentrated their investment in the entire overseas market.Since overseas mergers and acquisitions have obvious advantages in many foreign direct investments,such as access to advanced production technology,excellent management concepts,abundant resources and brand awareness that Chinese companies lack,overseas mergers and acquisitions have become a key market for many Chinese companies to go international.A big problem.priority.From a global perspective,although there has been a wave of mergers and acquisitions on a global scale,the success rate is less than one-third.Compared with developed countries in the world,my country's overseas mergers and acquisitions started late.Facing the complex and volatile international market environment,the performance of Chinese companies' overseas mergers and acquisitions is often not satisfactory.The research motivation of this article is based on the above situation.At this stage,what are the problems of Chinese companies' overseas mergers and acquisitions? From the perspective of M&A performance,whether the overseas M&A of Chinese companies has met the expectations before M&A,in terms of empirical research,we will try our best to solve many problems in overseas M&A and propose solutions.This research has certain theoretical and practical significance for the performance research of Chinese companies' overseas M&A.Based on the theoretical research on the performance of Chinese companies' overseas M&A,this paper takes the motivation and current situation of Chinese companies' overseas M&A as the cornerstone of the research.Select 2013-2014 overseas mergers and acquisitions of Chinese listed companies as a research sample,and establish a financial performance evaluation index system as research support.Using factor analysis,combined with my country's current basic national conditions,calculate the average comprehensive performance before and after the sample merger.Perform a comprehensive analysis based on the annual scores of the sample enterprises,classify and analyze whether the enterprises have state-owned investment,and classify the enterprises' industries.The analysis results show that from the overall sample analysis,the overseas mergers and acquisitions of Chinese companies have no positive impact on company performance;the results of grouping and comparison by company type show that private companies have significantly improved company performance through overseas mergers and acquisitions,while the performance of state-owned enterprises is not acceptable.optimism.From the perspective of industry classification,the post-merger performance is not optimistic.Overseas mergers and acquisitions in the tertiary industry are obviously better than those in the secondary industry.At the end of the article,relying on the full text of the research,according to the status quo of overseas mergers and acquisitions and the actual situation of our country,it puts forward effective merger and acquisition suggestions for the merged company and the Chinese government from two aspects.