Analysis Of The Trend And Market Performance On The Payments Of M&A Of China's Firms

In Market economy system, M & A and Green investment are both the basic ways of the firm's expansion. During The early period of the reforming and opening of China, for the shortage of the basic commodities, most firms of China use the Green investment to expand. After more than 10 years'rapid development, the domestic market of basic commodities of China had been near saturation. Along with China's accession to WTO, China will gradually open up hers domestic market by the articles of WTO. As a result, Most of domestic firms of China will gradually lost the protection of national policies. They have to face fierce competition of other domestic firms and foreign enterprises. Then most poor firms will be eliminated. If by the way that we close the poor firms and open some competitive firms at the same times, to finish industrial upgrading, we will pay a high price. It's more obvious for our nation that has such a large population. Therefore, M & A has been the key of China's industrial upgrading.For a case of M & A, the payment is not only the final stage but also the most crucial stage. In order to finish the activity of M & A better, how to select the most suitable way of the payments of M & A will play a key role. Therefore, grasping the development trend of payments of M & A of China's firms, analyzing the market performance of different methods of payments, will be of high value for the firms of China that maybe act activities of M & A in the future.This paper is divided into seven parts. The first part: The preamble, firstly issues the object this paper will study, then describes the background and the significance of this paper, brings the research innovation of payment of mergers and acquisitions at last. The second part: Review of the literature of this paper, is to review the main theme of the literature on the background both domestic and abroad, and contrasts domestic and abroad histories of the main methods of payments of M & A. The third part: Theoretical analysis of M & A and payments of M & A, mainly determines the content of M & A, analyzes the reasons of M & A and the relation between M & A and the payments of M & A, then contrasts the difference between the payments of domestic and international M & A. The fourth part: Analysis of trend of the payments of China's M & A, describes the trend of payment of China's M & A in recent years by the Big ten. The fifth Part: Analysis of market performance of the payments of China's M & A, analyzes the market performance of the payments of China's M & A, through treating the samples with statistical methods. The sixth Part: Conclusions, as the last part of this paper, mainly concludes the study from the second part of this paper to the fifth part of this paper. At the same time, provides the advice for the problems that exist in the payments of China's M & A.