A Evaluation On The Corporation Merger And Acquisition Performance

Mergers and Acquisitions is a very practical way for enterprises to expand their scale,enhance their competitiveness and strength,and realize the diversified development of their businesses.At the same time,Mergers and Acquisitions have also promoted economic development.In the five wave of Mergers and Acquisitions in developed countries in Europe and the United States,Mergers and Acquisitions have gradually demonstrated its role,which has made us clearly realize that strategic acquisitions are not only beneficial to business operations,but also beneficial to national development.In recent years,the reform of state-owned enterprises is a trend,a series of policies such as supply-side structural reforms and new and old kinetic energy conversions have been introduced,Mergers and Acquisitions have been promoted.Hopefully,through Mergers and Acquisitions restructuring,some companies have become dominant in international competitiveness and in the global industry.It plays a leading role in development and has the right to speak and influence in the development of global industries.Under the influence of the domestic and international environment,CSR has absorbed CNR,to become the pioneer in conforming to the trend of this era,become the country’s first player in Mergers and Acquisitions and restructuring of state-ownedenterprises.Not only is it in the forefront of rail transit industry,but also it is for other state-owned enterprises.Mergers and Acquisitions provide reference.Based on this background,this paper uses the performance prism theory to combine the CSR absorbed CNR and the event research method,the principal component analysis method to analyze the combined performance of CSR Mergers and Acquisitions CNR from the short-term and long-term perspectives.First of all,it introduces the relevant theoretical foundations such as Mergers and Acquisitions.Mergers and Acquisitions is restructuring performance.Secondly,through the introduction of event research method and principal component analysis method,a relatively complete Mergers and Acquisitions reorganization performance evaluation system is constructed for the short-term and long-term performance evaluation.Then,based on the built performance evaluation system,taking Mergers and Acquisitions as an example,the performance changes before and after the merger are analyzed through scores.Finally,based on the case analysis,the conclusion is drawn:North-South vehicle merger is a relatively successful merger case.In conclusion,We can put forward some opinions and suggestions from the perspective of the government and the company,and accumulate some experience for the later mergers and acquisitions of state-owned enterprises.