Analysis Of Synergistic Effect Of Midea Group’s Holistic Listing

In the early years,most of China’s enterprises stripped off their high-quality assets and went public through the method of spin-off,but later it also exposed a variety of disadvantages such as breeding related party transactions.With the progress of The Times,The enterprises which listed through spin-off gradually reached the necessary conditions for an overall listing.In addition,the overall listing can integrate internal and external resources to ensure the realization of synergies.The standardization of the operation of listed companies reduces the incidence of related party transactions.Therefore,the overall listing not only promotes the development of enterprises,but also plays an important role in the healthy operation of the capital market.This paper takes Midea group,which was selected to be listed as a whole in 2013,as the research object.Firstly,the background and significance of the whole listing are briefly described,and the related studies on the whole listing and synergies by domestic and foreign scholars are reviewed.Secondly,the basic theoretical concepts of overall listing and synergetic effect are introduced.Again in three respects:management,operational and financial analysis of the effect of Midea group’s overall listing get the following conclusion: from the perspective of management,evaluate the cost reduction and asset management level,the study found that the cost need to carry on the strict control,but asset management level has been improved,from a certain extent to achieve the management synergy;From the perspective of operation,the paper evaluates the profitability and growth ability,and finds that the profitability and growth ability of enterprises are enhanced,and the operation synergy effect is significant.From the financial point of view,it mainly carries out an in-depth analysis of the overall listing mode of stock-for-stock merger and absorption,and evaluates the control effect and tax saving effect of financial risks.The study finds that both of them have been significantly enhanced and the financial synergy effect has been achieved.Finally,this article through to analysis,get an inspiration is as follows:improve the efficiency of corporate governance contribute to achieving management operating synergies;The realization of scale transaction and resource complementarity contribute to the realization of operating synergies.Reducing financial risks helps achieve financial synergies.