Research On Value Creation Of Continuous M&A In Orient Landscape

With the vigorous development of the M&A market,the research on M&A has gradually become the focus of academic circles.The ultimate goal of the company is to create value for shareholders through business activities.M&A as a major activity in business operations also needs to create value.The garden industry has developed rapidly with the process of urban modernization in China.With the proposal of Comrade Xi Jinping to accelerate the reform of the ecological civilization system and build a beautiful China in the report of the 19 th National Congress,the landscaping construction is moving from the landscape that emphasizes the visual effect.The principle shifts to the construction of gardens using ecological standards.The garden industry enterprises are faced with huge policy risks and urgently need to transform to seek new development.In this process,the flexible use of capital operation to achieve strategic transformation becomes the most economical and efficient way.Continuous mergers and acquisitions can help companies quickly gain advantages in new areas,gain strategic opportunities,and help companies achieve value creation.Previous studies have mostly evaluated the performance and causes of continuous mergers and acquisitions.Few people have studied the role of continuous mergers and acquisitions in corporate value.How the value of the company's continuous mergers and acquisitions is produced and how it is worth exploring.This paper adopts the research method of case analysis,selects the leading enterprises in the garden industry,and also analyzes the representative of the continuous merger and acquisition enterprise-Orient Landscape.Based on the theory of enterprise value,this paper analyzes the domestic and foreign research results of the concept of continuous mergers and acquisitions,the driving factors of mergers and acquisitions,and the related theories such as the value source of continuous mergers and acquisitions and the theory of enterprise value.At the same time,according to the sources of value creation by mergers and acquisitions,combined with the relevant decomposition indicators of economic value added and market value added,the driving factors for the value creation of M&A are derived.Thenthe analysis of the continuous mergers and acquisitions of Orient Landscape from 2015 to the present is carried out to study the continuous merger and acquisition operation process.Using the financial data,literature and research reports of the Orient Landscape,we start from the perspective of value sources,analyze how continuous mergers and acquisitions create value and evaluate the value creation effect with EVA&MVA.Through research,it is found that case companies gain strategic opportunities through continuous mergers and acquisitions,and improve synergy,management efficiency and market value management ability to improve corporate value,which is reflected in the rise of EVA&MVA.Finally,summarize the continuous mergers and acquisitions of Orient Landscape and draw relevant inspirations and suggestions.Although this paper only analyzes based on the financial perspective,it provides a more scientific analysis and explanation for whether continuous mergers and acquisitions have contributed to the improvement of corporate value.It provides a new research perspective on how continuous mergers and acquisitions create value,and how to use continuous mergers and acquisitions for related industries.Realizing value creation has certain reference significance.