Research On Performance Under Overseas M&A

With the global economy showing the trend of globalization and increasingly fierce market competition,many enterprises are developing their business in order to achieve sustainable development in today's society,not only through the internal power of enterprises,but also through the selection of the extension of development to seek cooperation opportunities own market.so overseas M&A in recent years has become the preferred method of business.From the statistics of PWC,the scale of overseas M&A by Chinese companies has continued to expand in recent years.In particular,the number and amount of Chinese enterprises' participation in overseas M&A was again refreshed in 2016,far exceeding the sum of overseas mergers and acquisitions in the previous four years.Under the background of the strategy of “going out” in China and the continuous deepening of reform and opening up,it is difficult to comment on this overseas M&A really can reach the expected China economic development.Therefore,whether overseas M&A effectively improve the performance and performance of the factors are also increasingly concerned by scholars.Previous scholars mainly focused on the motivation,integration,performance or performance impact factors of overseas M&A,and lacked systematic research on overseas M&A.In this paper,the research on performance under overseas M&A can improve relevant theoretical content and provide guidance for Chinese enterprises to participate in overseas M&A activities.On the basis of consulting a large amount of literature,this article reviews and summarizes the motivation,integration process,performance of overseas M&A,Then take Haier Group M&A Sanyo as an example to analyze the actual motivation,integration process and performance of this overseas M&A.In the performance analysis,we combine the financial indicators of profitability and development capacity with the four dimensions of non-financial indicators: raw material procurement cost,technology and R&D capability,brand influence,market share, and marketing channel.M&A of Sanyo's 8 Years before and after the Comprehensive Performance to Overcome the Value of Traditional Financial Indicators on Intangible Assets.Then analyze the intrinsic reasons for Haier Group's M&A performance improvement,including the accurate judgment of the target and timing of mergers and acquisitions,the retention of core employees,the compatibility of cultures,and the application of the management model of people and unity.Finally,draw conclusions and inspirations,and sum up the key points for the success of Chinese companies' overseas mergers and acquisitions,mainly including overseas mergers and acquisitions must be in line with the direction of corporate development strategy,horizontal mergers and acquisitions to help generate synergies,determine the target of mergers and acquisitions based on the purpose of overseas mergers and acquisitions,enterprises should prevent and reduce Overseas mergers and acquisitions risk and effective integration are the core of successful overseas mergers and acquisitions.