Study On The Financial Influence And Countermeasure Analysis Of M&A Of Listed Company In China

Corporate Mergers and acquisitions (M&A), an important mechanism in modernmarket economy, and an important way of assets restructuring, plays a more and moreimportant role in the survival and development of the corporate. The practice of CorporateM&A in China proves that it has become the major mean to optimize the capital structure,adjust industries and products structure, and realize expansion with low-cost in our marketeconomy. Therefore it is obvious that the study on M&A has not only theoretical significancebut also important practical value. The financial analysis is the main part and the center ofM&A, which is through out all the processes of M&A. The greatest motive force of M&A isto pursue the maximum benefit. Every step needs careful and objective financial analysis,including looking for the goal of M&A, analyzing the value of the company, combining thefinancial parts, and assessing the validity of the result of M&A. The financial analysisdirectly determines the quantity of the benefit of M&A. Therefore it is more and moreimportant to pay more attention to the financial questioning in every link during the wholecourse of M& In order to finish my paper, I explained it from following three parts:First part:The general theories of the M&A of listed company in our country. M&Ainvolves a lot of concepts. Several concepts of M&A have been explained at first, and thenthe definition of M&A in this paper is put forward on the basis of the unified foundation ofstudying and discussing and combined the relevant concepts in the world, and contacted theactual conditions of our country. Secondly, the concept of financial analysis of M&A hasbeen summarized on the basis of the concept of M&A. Then the special reasons of M&A ofthe listed company in our country have been explained. In the end the new characteristic ofM&A of the listed company in our country has been concluded.The second part: The process of financial analysis of listed company in our country.This part is the main part of the paper and brings the innovative view. On the basis oftheories of modern corporate M&A, the financial analysis, before, during and after the M&Ahas been introduced. The financial analysis before the M&A includes appraising the targetedenterprises and analyzing the financial situation of the targeted enterprises. The financialanalysis during the M&A elaborates the means of payment and financing way, cost of M&Aand management of risk. The financial analysis after the M&A includes the evaluation oftargeted enterprises and the group enterprise and the non-financial benefit after the M&A. after discussing the financial analysis in above steps, the systematic theory of financialanalysis have been constructed.The third part: The problems in the financial analysis of M&A of listed company in ourcountry and the solving measures to them. In this part, the author points out the problems oflisted company of M&A in China and gives some advice to so work out the problems.