Research On The Influence Path And Effect Of Technology M&A Based On Intelligent Transformation On Enterprise Performance

Novel coronavirus pneumonia and other environmental factors have been affecting China’s automobile manufacturing industry in recent years.The low cost advantage of China’s automobile industry is gradually decreasing.The profit margins of auto parts enterprises are gradually reduced and the level of development is decreasing.But at the same time,the new generation of information intelligence technology led by "big wisdom moving cloud" has begun to integrate into all aspects of manufacturing enterprises’ production and management.Intelligent technology will become an important goal of promoting the transformation of manufacturing enterprises in China.As one of the financial management activities that enterprises can obtain advanced intelligent technology,technology merger and acquisition has gradually become an important way for enterprises to promote intelligent transformation.Therefore,based on the background of intelligent transformation,this paper discusses the mechanism of "technology merger intelligent transformation level improvement enterprise performance level" so as to further study the influence path and effect of technology merger on enterprise performance.Taking the KSS and PCC of Junsheng electronic technology as an example,combined with literature analysis and case study,this paper makes a deep analysis on the logic of "case introduction-Case Analysis-conclusion and suggestions" by using signal transmission theory,opportunity window theory and cooperative effect theory.The main part of this paper takes the research idea of "formation mechanism of reverse technology spillover effect of transnational technology merger and acquisition-reverse technology spillover effect empowering enterprise intelligent transformation-the influence path of technology merger based on intelligent transformation on enterprise performance effect",and demonstrates the positive effect of this technology merger activity on Enterprise Performance under the intelligent transformation.Based on the influence path of technology M & A on enterprise performance under the intelligent transformation of Junsheng electronics,this paper introduces in detail the reverse technology spillover effect formed by Junsheng electronic technology merger and acquisition through the feedback mechanism of R & D achievements,local operation feedback mechanism,talent flow mechanism and R & D cost sharing mechanism,so as to provide technology,talents and funds for the intelligent transformation of Junsheng electronics And intelligent products and services,and then the promotion of intelligent level can further promote the development of Junsheng electronic technology in the three stages of R & D,production and sales,and avoid the risk of related technology M & A.then this paper analyzes and evaluates the performance of enterprises in the short and long term,so as to test the motivation and performance of technology merger.The conclusion is drawn through the analysis of the whole paper: first,in the background of intelligent transformation,manufacturing enterprises without technical support choose to carry out technology merger and acquisition.Through forming reverse technology spillover effect,the level of intelligent transformation of enterprises can be improved.Second,the performance of technology M & A based on intelligent transformation has a positive effect.The development advantages of the enterprise technology merger and acquisition can improve the short-term and long-term performance level by virtue of the improvement of the intelligent transformation level.Third,the improvement of intelligence level has intermediary effect between technology merger and enterprise performance.Intelligent transformation is not only the motivation of technology merger,but also affects the performance level of enterprises.In conclusion,based on the rich literature on intelligent transformation and technology M & A,this paper analyzes the influence path and effect of technology merger on enterprise performance based on the intelligent transformation,which not only provides a new path and method for other enterprises to promote intelligent transformation,but also provides some experience and Enlightenment for manufacturing industry to improve the performance level of enterprises through technology merger and acquisition,It is also of reference significance to promote the transformation from "made in China" to "Chinese intellectual manufacturing".