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Empirical Analysis Of The Impact Of Payment Methods Have On Corporate M&A Performance

Posted on:2019-01-31Degree:MasterType:Thesis
Country:ChinaCandidate:Z Q WangFull Text:PDF
GTID:2429330566985377Subject:International business
Abstract/Summary:PDF Full Text Request
In today's society,corporate mergers and acquisitions have become more and more effective ways for companies to achieve market-expansion and increase their competitiveness.Whether an enterprise can improve its business performance through mergers and acquisitions depends on many factors,and the payment method is a key link.Business asset mergers and acquisitions transactions often involve large amounts of money.For companies,whether a reasonable choice of payment method is a key factor in determining the success of mergers and acquisitions.On one hand,the payment method affects the financial structure,thereby changing the company's cash position and equity structure,which in turn has an impact on the company's operations.On the other hand,the choice of payment method involves the conversion of corporate asset forms,and at the same time affects the company's payment.After the completion of mergers and acquisitions,the business performance has an impact.Therefore,in order to successfully complete corporate mergers and acquisitions,achieve desired operating performance,and gain market competitiveness,corporate management must make careful consideration when selecting payment methods.In the more than two decades of M&A development in China,M&A payment methods in our country have seen diversified development.Therefore,M&A activities in the future will need new and more comprehensive theories to support them.For companies,M&A activity involves the continuous development of mergers and acquisitions market,M&A payment methods are also constantly updated,and the impact of M&A payment methods on M&A performance has important guidance for late M&A activities and government agencies' supervision and legislation on M&A activities.significance.Studying the effect of M&A payment methods on M&A performance not only plays an important role in M&A activities,but also effectively improves China's M&A payment theory.At this stage,M&A activities in foreign markets have become more mature,and M&A payment theory has also been relatively perfect.However,China's capital market has a short development time,and it has not yet formed a perfect M&A payment theory,lagging behind foreign markets,and due to differences in national conditions and social systems,abroad The theory of M&A payment methods and research results may not be able to play a positive role in guiding M&A activity in China.Therefore,the research on the effect of M&A payment methods on M&A performance is of great significance to the improvement of M&A payment theory in China.Reasonable theoretical basis can play a significant role in M&A activities.Active guidance will ultimately improve business performance.This article first defines the related concepts of mergers and acquisitions and M&A payments,discusses the status quo and problems of China's M&A payment methods,and then analyzes the motives of choice of payment methods and the theoretical basis for the impact on M&A performance.Finally,empirical evidence is based on this theory.Analyze and find the relationship between M&A payment methods and M&A performance,and finally provide M&A parties and institutional investors with relevant investment decision-making suggestions in future M&A transactions.
Keywords/Search Tags:M&A, Payment methods, Performance
PDF Full Text Request
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