Economic Analyze Of Enterprise Merger And Acquisition

Merger & Acquisition originates in west countries. In the course of primary accumulation phase of capitalist society to free competitive phase and even to monopoly phase. Along with capitalist developing, Merger&Acquisition have been developing at an unprecedented speed. Since 19th' century, west countries have experienced 5 huge scale Merger&Acquisition tides and almost every Merger &Acquisition' tide was promoted by huge change from exterior environment. For common acting in inner and exterior, every tide in Merger &Acquisition was higher than former tide.Though various motivations for enterprise Merger&Acquisition, the main target is to improve welfare in enterprise and society. On base of researching enterprise Merger&Acquisition' motivations, this paper analyze Merger&Acquisition'welfare effect to enterprise and society and the most size of enterprise in west economic theory and try to interpret economic implication of Merger&Acquisition. There are seven chapters in this paper: The first and second chapter is the briefly introduction of Merger&Acquisition. including evolvement of enterprise , the definition of Merger&Acquisition , background of Merger&Acquisition and the motivation of Merger&Acquisition.The third and the fourth chapter analyze enterprise and society welfare effect of Merger&Acquisition. The fifth chapter introduce enterprise'size The sixth use a lot of cases to analyze the welfare effect brought about by Merger&Acquisition.The final chapter give out what our government should do to govern and promote M&A activities.