Research On Enterprise M&A Performance Based On EVA

With the rapid development of our country industry market,the market is increasingly becoming saturated,leading to our country enterprise m&a behavior between rise rapidly,annual growth of more than ten percent.Mergers and acquisitions have become a"lifeline"for troubled companies.Many companies try to get rid of current difficulties and improve their performance through mergers and acquisitions.Mergers and acquisitions among enterprises can expand the business scope of enterprises to some extent,and further disperse the business risks.As for the cultural and entertainment industry,in recent years,with the increase of people's income,there have been numerous and small entertainment enterprises,and the phenomenon of competing for resources is also common.In this context,how to enhance the enterprise's own competitiveness not to be excluded is the focus of enterprises.So,can a hot corporate takeover offer a way out for companies in the cultural entertainment industry,as in other industries?This is where this article is going to be studied.Related literature at home and abroad,it can be seen that most of the research on corporate performance after m&a change is based on the traditional financial statement data analysis,but this paper argues that,compared to traditional financial index method,the embodiment of the EVA index can more real and effective enterprise after the merger related performance.In order to prove this point,this article selects the splendor of entertainment,and USES the EVA index with other traditional financial index method to analyze its before and after m&a performance,to see the result of a merger behavior.Firstly,this paper briefly introduces the background of m&a activity research background and the m&a case background of xing hui entertainment.Meanwhile,it also describes the research status of domestic and foreign scholars on m&a performance and EVA index.Secondly,it briefly introduces the research theory of m&a performance and EVA index analysis.Thirdly,the paper briefly introduces the analysis method of traditional financial indicators,points out its shortcomings,and puts forward the necessity of analyzing the performance analysis of m&a enterprises into EVA index.Fourth,based on EVA financial indicators,zuo established the enterprise performance evaluation system based on other financial indicators.Fifth,according to the fourth ZhangJianLi performance evaluation system,the splendor of entertainment to the m&a enterprise m&a performance is analyzed before and after the evaluation,and further put forward in view of the splendor of entertainment companies after m&a how to integrate resources in order to achieve the expected performance of mergers and acquisitions advice.Finally,based on the splendor of the basis of entertainment merger cases,pointed out that the development of other enterprises in the face of difficulties,can adopt the strategy and implementation of m&a should be paid attention to when the place,put forward the conclusion and analysis in the whole process of the deviation of omission.