An Empirical Study Of The Cross-border Mergers And Acquisitions Of Listed Companies In China Performance And Its Influencing Factors

With the development of economic globalization, the multinational flow ofinternational capital in different countries active increasingly, transnational m&a hasbecome a new trend for expansion of modern enterprise in different countries.Cross-border Mergers and Acquisitions is the great significance for modern enterprises inthe following aspect：whether modern enterprises can adapt to the current intense worldeconomic competition environment, whether modern enterprises can get a foothold andseek for the long-term development in the fierce competition environment in the future. Asa developing country, China is in the transitional period of the economic development.Cross-border Mergers and Acquisitions to Chinese enterprises have just started. Chineseenterprises can realize the industry resources and the integration of the pattern by means ofcross-border mergers and acquisitions, so as to avoid the trade barriers. And this effect willbe directly reflected in the performance of transnational m&a, so after our countryenterprises in cross-border mergers and acquisitions, enterprise performance is increased ordown? Which factors led to the rise and fall of transnational m&a performance? This willbe the main problem discussed.At first, this paper introduced the research background, the research significance, theresearch content and methods; The second chapter reviewed the relevant theory ofcross-border mergers and acquisitions, and the research achievements obtained in the fieldin both at home and abroad by collecting material; Chapter3reviewed the developmentprocess, characteristic and factors of our enterprises’ cross-border mergers and acquisitions.Facing the surging of our enterprises’ cross-border mergers and acquisitions, Chapter4used the factor analysis method to listed companies on China’s transnational performancefor empirical research, then draw the conclusion: the year and after the year whencross-border mergers and acquisitions take place at the listed companies in China,enterprise performance improved greatly, but two years after the merger enterpriseperformance does not rise but decrease. Chapter5used multivariate regression analysismethod to test the factors affecting on our country’s listed companies of the performance oftransnational factors on Chinese transnational performance. The sixth chapter is on thebasis of the listed companies in China in the performance evaluation of cross-bordermergers and acquisitions and its influencing factors, then pointed out the problems in ourenterprises’ cross-border mergers and acquisitions, and multi-angle starting from thegovernment and enterprises proposed to increase the performance of the cross-border mergers and acquisitions in China.