Research On The Financing Of Corporate Mergers And Acquisitions

The enterprise in the market competition is very fierce,want to seize market opportunities,have a certain level of competitiveness,we must make full use of the resources of the enterprise,and will play to the key,mergers and acquisitions will be able to modernize the demand of market competition,it can re integration of internal resources,improve the management mode,to expand the business in short time,achieve the goal of enterprise development.At the present stage of mergers and acquisitions of the enterprises in our country has achieved certain results,not only to achieve mutual restructuring and merger between domestic enterprises resources,also began to object to the acquisition of foreign enterprises,integration of foreign resources,and gradually optimize the structure of resource allocation,domestic enterprises to speed up China's pace towards the international market competition.However,how to raise large amounts of funds in a relatively short term will directly affect the success or failure of M & A activities.Therefore,the research of M & A financing theory has great significance for M & A.However,due to the late start of M & A in China,there has not yet formed a complete theoretical system.Our enterprises are developing rapidly in the actual M & A,which is a contradiction between immature theoretical system.This paper first combs the domestic and foreign research results of merger financing theory,then the analysis conforms to the type of acquisition,motivation and financing channels and methods of our research results,discuss China's M & A financing situation and then summed up the financing problems of merger and acquisition in china.Finally,ZBT's acquisition of H's case analysis that the development to promote good corporate mergers and acquisitions,financing problem is the priority among priorities,must to solve the problem from the aspects of enterprise: maintain a reasonable capital structure is enterprise value maximization,planning and financing plan,the implementation of good management and the state: to broaden the financing channels for enterprises to cultivate new financing tools,improve the legal environment,financing to solve.