Corporate Mergers And Acquisitions Financial Synergy

Enterprise merger & acquisition activity appeared in the late 19th and early 20th century. Throughout a hundred years to enterprise merger & acquisition evolution process can discover, enterprise merger & acquisition activity is complicated, and enterprise merger scale is getting bigger and bigger. The process of merger & acquisition combines economics, finance, investment, enterprise strategy etc. Multiple aspects fuse in together, forming a complex enterprise merger & acquisition system. Meanwhile, in recent years the rapid development of enterprise merger & acquisition increased the difficulty of its research and analysis.Most of scholars agree that the fundamental motive M&A gain synergies and thus synergy produced measured as the performance of the merger of the important conditions. The modern financial system management system for enterprise merger &reorganization success brings to the enterprise financial aspects of the positive benefits of measured to profitability improve, the growth of the enterprise economic benefit of positive embodied in the standard, thus M&A and can produce positive financial synergy effect is the key to merger and reorganization act. Financial synergies understanding different, caused the practice of the acquisition of the distortion of the financial synergy effect evaluation, but also caused many failed mergers and acquisitions. Therefore, the studies on financial synergy through M&A that achieve enterprise growth are particularly important.This thesis according to the classification of the accounting elements with external legal person enterprise after finish M&A enterprise financial restructuring behavior into assets restructuring and three types of debt restructuring, and will boil down to the integration of enterprises management restructuring behavior. From the assets reorganization, debt restructuring and management restructuring, analyzes three main with the financial Angle analysis judgment whether to bring enterprise merger positive financial synergy effect.In this thesis, first, the concept and merger of financial synergy effect concept definition. Secondly analysis and summarizing the study achievements at home and abroad based on the former research literatures, this paper introduces and enterprise merger & reorganization financial synergy effect in related theory knowledge. Then the theory of M&A are analyzed, including M&A motivator and synergies classification; This article from the assets reorganization in the fourth chapter, debt restructuring and management restructuring of the three aspects of financial synergy effect the concrete analysis shows that the enterprise merger & reorganization can, through a variety of different forms of improve the economic benefit of enterprise, be helpful for enterprise profit growth, this is the long-term stability of the enterprise merger & reorganization financial synergy effect.This case analysis is also through assets restructuring, debt restructuring and management reorganization, guiding enterprise how to behave in actual work from a financial perspective judgment whether to bring enterprise merger positive financial synergy effect.In this thesis the various types of restructuring financial synergy effect production rules proposed own conclusion, points out that financial synergy effect of restructuring the key factors and in the light of restructuring the financial synergy effect produced the better related Suggestions. Hope to be able to help enterprise in actual work from a financial perspective judgment whether to bring enterprise merger positive financial synergy effect...