Research On The Continuous Merger Of Motivation And Performance Of Longping High-Tech

Agriculture is one of the important factors that affect the sustainable development capacity of the national economy.The seed enterprise is the supply foundation to guarantee the national food security and it plays a significant socioeconomic status.In recent years,mergers and acquisitions in domestic seed market occur frequently,and mergers and acquisitions among seed enterprises have become a new trend in the market environment.Therefore,how to promote the efficient development of seed enterprises has become a research hotspot.From this point of view,this paper analyzes the motivation,performance and synergy of continuous mergers and acquisitions in Longping Hi-Tech by case study,hoping to have a further understanding of continuous mergers and acquisitions.As a leading enterprise in the seed industry,Longping High-tech has acquired 9 enterprises from 2015 to 2018,and the number of the acquired enterprises has exceeded that of other companies in the same industry.Under the increasingly frequent M&A activities in the seed industry,the M&A cases of Longping High-Tech is more representative in the seed industry.This paper takes the case study method,analyzes the motivation of the company merger and acquisition based on the stakeholder theory,the theory of competitive advantages and synergy effect theory,and concludes the following aspects: comply with policy reform and seek development opportunities;promote standardized production and reduce industrial risks;give full play to the advantages of enterprises to achieve synergy;promote breeding and promote industry consolidation to optimize industrial structure;enhance product development ability and improve product types.Then,the author discusses the performance of Longping High-Tech after M&A from the perspective of the market performance,financial performance and synergy effect.After the analysis,it could be found that the M&A brings the market performance and it improves the enterprise’s growth ability,achieving the certain operation and synergy effects to Longping High-Tech.However,the solvency and profitability have not been improved significantly,the enterprise needs to enhance the resource integration in the development,so as to promote the enterprise’s financial performance.The thesis summarizes the experience and lessons of the series M&A of Yuan Longping High-tech through the whole study of the series M&A cases.The conclusion is drawn in the paper to provide the corresponding enlightenment for the development of Longping High-Tech and seed enterprises in the future,so as to improve the M&A performance of the seed enterprises.