Research On Motivation And Performance Of Cross-border M&A In Chinese Enterprises Under The Background Of B&R Take Jili Purchase Prolon For Example

With the further improvement of our country’s comprehensive national strength,enterprises continue to grow and develop,and under the influence of global economic integration,more and more enterprises choose to go abroad to seek opportunities for markets and further development in order to adapt to the new economy.It seems that it has become a major trend in the development of Chinese enterprises.In 2013,Chinese President Xi Jinping put forward the cooperation initiatives to build the "Silk Road Economic Belt" and the "21st Century Maritime Silk Road",which further promoted the "going out" of Chinese enterprises.From 2014 to 2020,Chinese enterprises carried out a total of 3,783 mergers and acquisitions,and the targets of mergers and acquisitions were distributed in many countries and regions,and the actual transaction volume reached as much as 503 billion US dollars.It can be seen that the number of mergers and acquisitions in my country in recent years is huge,and the amount involved is huge.However,the operating conditions of many Chinese enterprises after M&A are not optimistic,which shows that the successful M&A does not mean the end,but the beginning of the challenge.In order to study whether the motivation of M&A after M&A can be realized and whether the performance of enterprises has been improved compared with before,and to provide experience and enlightenment for M&A,this thesis selects the case of Chinese automobile enterprise Geely Group’s acquisition of Malaysian automobile enterprise Proton as the research object.Using event analysis method and financial index method,this thesis studies the impact of mergers and acquisitions on Geely from different perspectives,and discusses the implications of this case for Chinese auto companies to implement overseas mergers and acquisitions to achieve their own further development.