Strategy Research Of Cross-border Merger And Acquisition On Our Enterprise After Fancience Crisis

Many countries'economic activities become more and more close, with the deepening of economic globalization. In this process, foreign direct investment (FDI) is the most dynamic factor, it will have comprehensive, complex influence to the host country and the home economy. FDI has two ways:new inverstment and cross-border mergers and acquisitions. In the past more than 100 years, Western countries altogether has had five merger and acquisition wave, in which the first four times is main by the domestic merger and acquisition, in the 1990s, the fifth tide take cross-border mergers and acquisitions as the chief feature.cross-border mergers and acquisitions activities of chinese enterprises, started most early in the 1980s. It can divide into four stages:the 1980s, the 90s,2000-2007 years, after 2008. In earlier period Our country Enterprises'CBM&A, trades in the scale and transaction quantities were both few, after 1997, Specially in 2000, the Out strategy proposed by our country, they only had a big promotion.In the second half of 2007, the US has Subprime mortgage crisis, its global influence to cross-border mergers and acquisitions highlights in 2008. The global CBM&A activities dropped 29% in the first half of the year in 2008 compared to the same time, the global trade volume in 2008 year is only 673,000,000,000 US dollars, but in 2007 it is 1,637,000,000,000 US dollars. However, Our country Enterprise actually has carried on the massive CBM&A in 2008 and in 2009. it has formed a sharp contrast with other countries. Whether Our country Enterprise should carry on the CBM&A under the financial crisis, many scholars and expert have expressed different opinion.With the out strategic implementation and Enterprises'development, the CBM&A is an inevitable process, particularly under new environment. When the enterprises take CBM&A, they Will meet many risks and the question. what strategy the enterprises should choose to raise the CBM&A success ratio, is question which the paper solve. Paper has carried on a more detailed analysis to our country Enterprises'CBM&A, using qualitative and quota analysis method, combined with the chart and graph.