Research On The Performance Of Cross-border M&A Of D Automobile Enterprises

In recent years,under the macro background of the rapid development of modern society,enterprises expand their scale and improve their competitiveness in the international market through cross-border M&A(merger and acquisition).As one of the pillars of China's national economy,the automobile industry,after the rapid development in previous years,has approached saturation in the domestic market in recent years.At the same time,with the promulgation of national six emission standards,the development of 5 G technology and the popularization of intelligent technology,automobile production has been upgraded and optimized.To solve the above phenomenon,the author selects the cross-border M&A events of D M&A BT enterprises as the research object,and probes into the performance changes before and after M&A,summarizes the enlightenment brought by this M&A,and draws the relevant conclusions.This paper first introduces the research background,purpose,significance and methods,then combs the related concepts,motivation,performance and performance of M&A research methods,and then expounds the current situation of cross-border M & A,the basic situation of D and BT enterprises and the process of M&A between the two sides,and analyzes the motivation of M&A;Then,the article combines the case with the theory knowledge,uses the event research method,the financial index analysis method,the EVA research method and the non-financial index analysis method to carry on the appraisal analysis to the enterprise related index before and after the merger and acquisition,concludes: after the merger and acquisition D the enterprise stock price rises obviously,brings the wealth benefit to the shareholder in the short term;the profitability,the operation ability,the solvency and the growth ability have all improved,the EVA value is positive,indicates the enterprise overall performance is good after the merger and acquisition;From the point of view of non-financial indicators,the enterprise market possession ability,core competitiveness has been improved,the overall performance has shown a better development trend,the study believes that the cross-border M&A has brought positive benefits to the enterprise;Finally,the paper summarizes the full text,in order to provide meager strength for cross-border M & A of enterprises in the same industry.