Based On The Application Research On EVA Performance Evaluation Of Mergers And Acquisitions

As As the current Chinese enterprises go abroad,to participate in world trade and investment in the competition,Chinese enterprises are increasingly active in the international m&a market,even more and become one of the main force of mergers and acquisitions.As participants in the market economy,companies can deepen their development strategies through mergers and acquisitions,and quickly meet the needs of their own development.At the same time,mergers and acquisitions are a lot of enterprises,especially to realize internationalization in the world market,on the development strategy of diversification of enterprises,an important way to cross development.But at the same time,based on the different markets have different situation,the enterprise culture and management style of different enterprises,and other factors,give you a merger and acquisition activity has brought a lot of uncertainty,namely enterprise through merger and acquisition of realizing the strategy of a huge opportunity,but also to the enterprise brought a greater risk of mergers and acquisitions.Therefore,how to evaluate the impact of m&a on enterprises is an important subject in m&a research.Only to find a set of scientific and effective performance evaluation method of mergers and acquisitions,reasonably reflect the enterprise mergers and acquisitions to achieve the interests of the state,can provide a good guide for enterprise development,promote enterprise better and faster to achieve its development strategy.This paper studies the main purpose is for overseas m&a case is benefit for the enterprise,after all,enterprises want to long-term survival and development,the ultimate goal of m&a is to obtain excess interests and achievements for the purpose.At the same time,the objective and accurate evaluation of the effect of m&a will also provide experience and reference cases for other companies to make overseas acquisitions.Therefore,this article tried to use the EVA system related theory based on the characteristics of selected case design scientific and reasonable performance evaluation system,to explore the objective impact of mergers and acquisitions to enterprise performance.This paper USES the relevant theories of performance evaluation of m&a,choose more influence in the merger and acquisition activity in 2012 Qingdao haier m&a cases of Fiji snow park,on the basis of EVA performance evaluation system of mergers and acquisitions,analyzing the case of selected.First,this paper analyzes the relative performance evaluation method of enterprise acquisition.Then,with the case enterprise acquisition situation,according to the characteristics of the EVA system,the relevant evaluation framework is designed.Finally,based on the constructed EVA evaluation system,system analysis was studied for the Qingdao haier takeover,the research conclusion,and analyze the situation and the future.In this paper,combined with the traditional financial analysis and EVA value indicators,in terms of the advantages of research methods at the same time,the other m&a performance established by EVA performance evaluation system as the core of m&a.