Research On Performance Evaluation Of Clothing Enterprise Merger And Acquisition Based On EVA

In recent years,our country is in a critical period of transformation and upgrading of industry,more and more enterprises need through the integration of m&a behavior on a large scale,in such circumstances,a m&a boom of garment enterprises in our country,m&a can truly give enterprise to bring the expected but still need to research and demonstrate good performance level.At present,most of the m&a performance evaluation of clothing enterprises still mainly selects the traditional m&a performance evaluation system for evaluation.However,with the deepening of domestic economic system reform,the traditional evaluation system is somewhat not applicable to the evaluation of corporate m&a performance and value improvement.At present,EVA is widely used in the world,and EVA provides a new way and idea for more effective evaluation of m&a performance level.This paper intends to apply the scientific and effective m&a performance evaluation system method based on EVA to the m&a performance evaluation system for clothing enterprises,and form the management performance evaluation concept with EVA as the main core,so as to achieve the purpose of improving enterprise value.This paper first explains the research background and significance of the research on the m&a performance level of clothing enterprises,sorts out and narrates the relevant research literature on m&a performance and EVA evaluation methods at home and abroad,introduces the research methods and specific research content used in this paper,and summarizes the innovation content of this paper.Then,it elaborates and sorts out the theoretical basis related to m&a performance evaluation and related m&a motivation theory in detail,and explains several m&a performance evaluation methods commonly used in the academia and their shortcomings.Then,it introduces the EVA value evaluation method of m&a performance and its advantages.Secondly,the characteristics of clothing enterprises are introduced,and their characteristics are integrated into the eva-based m&a performance evaluation system.Relevant indicators that should be paid special attention to in accounting adjustment items are clarified,and eva-related m&a performance indicators that are suitable for performance evaluation of clothing enterprises are selected.Finally,this article takes H company mergers and acquisitions Y company's mergers and acquisitions event as an example,introduces construction of EVA performance evaluationsystem of m&a cases,the H company in October 2017,m&a behavior before and after the adjustment value of EVA calculation is carried on the detailed evaluation and comparison analysis between data,and will be based on EVA performance evaluation system of mergers and acquisitions in the core index related to the traditional financial indicators of performance index analysis comparison,according to the research data for H company real evaluation of m&a performance,concluded that EVA has the advantage of the business profits and capital costs are considered,EVA m&a performance evaluation can more accurately reflect the actual performance level of clothing enterprises.It proves the feasibility and practicability of eva-based m&a performance evaluation system for apparel enterprises.Meanwhile,it summarizes the limitations of this study,draws research conclusions from this case and prospects for the study.