The Research On The Effectiveness Of Investment Banks’ Participation In Mergers And Acquisitions

Based on the merger between CBN and Hundsun, this thesis analyzedenterprise mergers and acquisitions motivation theories, considerationsduring enterprise mergers and acquisitions，necessities of investment banks tobe involved in mergers and acquisitions, and the current practices, as well asthe influences of participation of investment banks in the above case. Duringthe activity of M&A, investment bankers make full use of their financialexpertise and familiarity with the area of investment for providing strategicadvice, sharing critical information, providing merger and acquisitionprogram to their clients for acting as consultants of strategic and tactical. Weshould pay full attention to the participatory of investment banks as key rolesin the M&A practice, for obtaining better access initiative in the M&Aactivity, thus the odds of winning chips.