Research On Financial Performance Of M & A

Along with the development of economy, enterprise merger and acquisition is a kind of enterprise expanding scale. The enterprise can optimize resource allocation, improve its management and strengthen its competitiveness through mergers and acquisitions. In order to achieve the goal of the market, more and more companies are merging. In recent years, the number and amount of M & A in our China increased little by little, but not all mergers and acquisitions have a good effect, so the research on the financial performance of M & A is very important.This article obtains from the merger and acquisition related background, the introduction of m&a on the basis of environment for below ground, this dissertation recommends us the knowledge of m&a., on this condition, to learn the enterprise m&a impact on financial performance, this paper introduces winbond pharmaceutical absorption merger YingTaiJiahe and cases, using financial indicators analysis on seven aspects corresponding financial index has carried on the concrete analysis, capital structure and debt paying ability, operation ability, profitability and development ability, the cash flow. Through the analysis we know, winbond pharmaceutical absorption merger YingTaiJiahe and partly successful, though not every financial index has significant growth, especially for the influence of the debt paying ability is limited, but overall the financial indexes are improved.Merger belongs to the enterprise strategic behavior, to enhance the company strength, managers buy other companies, and broaden the market share. But not all the m&a can not increase the various financial indicators, managers should begin from the long-term perspective of financial performance after m&a related issues, select target enterprises at the same time to close around the intent of the mergers and acquisitions, and select the most appropriate company to achieve the final goal.