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Study On Overseas M&A Of Listed Companies In Private Enterprises

Posted on:2019-05-01Degree:MasterType:Thesis
Country:ChinaCandidate:T Y HouFull Text:PDF
GTID:2359330542999082Subject:Accounting
Abstract/Summary:PDF Full Text Request
In recent years,the development of economic globalization has been accelerating and the influence in the international community has gradually expanded.For China,the scale of private enterprises has been expanding year by year,and their influence has also been continuously enhanced.For China,the scale of private enterprises has expanded year by year,and their influence has been continuously enhanced.More and more private enterprises are no longer satisfied with the development of their own power,they have chosen to "share a slice of the world" in overseas mergers and acquisitions.Overseas mergers and acquisitions also set off a new wave in China.Coupled with the continuous slowdown in the growth rate of the macro-economy and the halting of the development of the real estate industry,the market sales of the home appliance industry are in trouble and the competition in the industry is becoming increasingly fierce.The production mode of the traditional home appliance industry can no longer meet the actual needs of enterprise development.M&A is a necessary path for the development of home appliance companies and an effective means to achieve business expansion.For private enterprises,overseas mergers and acquisitions can broaden their product markets,improve enterprise competitiveness,optimize resource allocation,and generate many positive aspects.utility.Can overseas mergers and acquisitions create more value for private companies? Can it really improve business performance in a short period of time? Under what circumstances should private enterprises choose to conduct overseas mergers and acquisitions? What are the specific risks of overseas mergers and acquisitions? These are questions that deserve deeper research.The article analyzes the merger case between Midea Group and German KUKA Group as an example.Due to the short time of mergers and acquisitions,I will carry out a targeted analysis of whether “overseas M&A can achieve the Group's ideal wealth value in a short period of time.” It is hoped that the article can provide more practical reference for the research of Chinese private enterprises in transnational mergers and acquisitions.First of all,the article clarifies the key contents of the causes of cross-border mergers and acquisitions,the basic concepts of value creation,and development theories.Second,it analyzes the actual situation and characteristics of overseas mergers and acquisitions of Chinese private enterprises at the current stage.Then take the M&A case of Mimi Group as an example.Specific methods such as event research method and accounting index method are used to compare the performance of the group before and after the merger and acquisition;finally,the value creation performance of Midea Group's overseas mergers and acquisitions is summarized and summarized,and the conclusion is drawn that it creates value in the short term.In general,the strategic layout of the U.S.group for the KUKA Group can gradually form a synergistic effect that can help the U.S.group to increase its core competitiveness and increase its economic efficiency.
Keywords/Search Tags:Overseas M&A, Mergers and Acquisitions motivation, M&A performance
PDF Full Text Request
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