Research On The Performance Of Transnational Mergers And Acquisitions Of Chinese Listed Companie

With the development of China's economy,Chinese companies are gradually moving toward the international market.Cross-border mergers and acquisitions are an important way for Chinese companies to go international.China's cross-border mergers and acquisitions are in a period of rapid development.The number and amount of cross-border M&A transactions have increased year by year,and the state's policies have gradually become clear and clear.These current conditions all reflect the general environment suitable for cross-border mergers and acquisitions.For Chinese companies,cross-border M&A is not only an opportunity but also an important test for the international community.On the one hand,it can expand its operations through cross-border mergers and acquisitions.On the other hand,cross-border mergers and acquisitions are faced with many difficulties.What impact does cross-border mergers and acquisitions have on corporate performance?How do we leverage the advantages of cross-border mergers and acquisitions to improve corporate performance?The problem.This article through empirical research and analysis,get the following conclusions:1.Cross-border mergers and acquisitions would affect the company's profitability,operations,debt repayment and growth capabilities in a short term,and have a negative impact on corporate performance.2.Europe and the United States and other developed countries and regions have positive impact on the performance of cross-border mergers and acquisitions of entering companies because of good institutional environment,economic environment and human resources quality;3.Industries with high-tech and other core competitiveness are more helpful in improving performance;4.Cross-border M&A experience also has a positive impact on corporate performance.This article addresses the empirical findings and provides suggestions for governments and companies to improve M&A performance:For enterprises,the formulation and implementation of long-term strategies can avoid blind mergers and acquisitions.Mergers and acquisitions in companies from developed countries such as Europe and the United States can help improve the performance of mergers and acquisitions.At the same time,reserve management and management of talents and active integration after mergers and acquisitions can also help In improving performance.For the government,the economic,cultural,and political exchanges with the host country can provide a harmonious international environment for mergers and acquisitions.A well-established overseas investment policy can help companies improve their cross-border M&A performance.At the same time,accelerating the market-oriented reform of state-owned enterprises could promote the rapid integration of Chinese companies into international market.