Research On Financial Integration After Merger And Acquisition

Ever since the first case of merging at the end of the 19th century, mergers and acquisitions (M&A) has a history of more than 100 years. There have been five major tides of merging in human history, with the fifth one in the 1990s, which reached the merging climax because it lasted for a record-breaking time and had the largest scale.China has an about-20-year history of enterprise merging. The first case occurred in Baoding, i.e., the merging of Baoding Textile Equipment Factory and Baoding Knitting Equipment Factory. Especially since the year 2002, with China's entering WTO, Chinese government has issued a series of positive and encouraging policies, indicating that a new tide of mergers and acquisitions is coming in China.Mergers and acquisitions is a result of market economy. The more advanced the market economy is, to a greater degree the enterprises will merge. As was shown by some investigations, though merging occurs more and more frequently, the number of successful merging cases is not directly proportional to that. The main reason for this is the incomplete merging, especially the incomplete merging of financial affairs and management. Based on the previous studies of other scholars, this thesis focuses on the financial management after enterprises merging, analyses the merging method and contents of the financial department, illustrates the point with many cases, and aims to offer help to the enterprises'financial management after merging.The thesis consists of six chapters, with the first chapter being an introduction, Chapter 2 to 6 being the main body.Chapter 1 is the introduction, introducing the background of this topic, the significance, the purpose of the research and the method of the research. Chapter 2 covers the relevant theories of the merging of financial departments. Chapter 3 is about the contents of the merging of financial departments, and introduces its birth background, then the significance of the merging of financial departments, its target and the principles. Chapter 4 discusses the content of the merging of financial departments in great details, including the goal of the financial management, financial system merging etc. In Chapter 5, the implementation of financial merging is discussed in details. And in Chapter 6, some cases are analyzed to illustrate the practical method of financial merging, showing the possible problems and some feasible solutions.The innovation of this research lies in that the research into the enterprises'financial merging and analysis of the possible mode and content, together with the case analysis, may offer some practical help to the enterprises reorganization practice, especially the financial merging practice.