Research On The Motivation And Performance Of HKUST's Smart M & A

Merger and acquisition(M & A)between enterprises,as an extension of the development of enterprises,is a very effective means of capital operation in countries with mature market economy.With the improvement of market-oriented resource allocation system and capital opening to the outside world,M & A between enterprises has been recognized and used by more and more Chinese enterprises.Now,the single merger and acquisition can not satisfy the strategic needs of some companies,and it is eager to expand the scale of the company through continuous mergers and acquisitions,to form a competitive advantage to achieve its strategic layout.We can know that not many companies achieve their goals through continuous mergers and acquisitions.Continuous mergers and acquisitions can rapidly improve the company's performance and raise the company's visibility in a short period of time,for want to improve the performance of the company quickly and maximize the value of the increase,continuous mergers and acquisitions is a good way.According to the China M & A database,there were 11,531 M & A transactions by Chinese companies in 2018,up 15.1 percent year-on-year.In order to expand the scale to form the competitive advantage,Chinese enterprises have large-scale M & A,but the continuous M & A has not reached the expected strategic goal.In order to help enterprises better understand and apply the continuous M & A,this paper analyzes the model of the continuous M & A OF HKUST,studies how the company realizes its overall strategic layout,and analyzes the motivation and performance of the continuous M & A in all aspects,the experience can be used for reference for the continuous M & A of listed companies in China.And the case of the University of Science and technology in this paper is a number of mergers and acquisitions,enterprises why the number of mergers and acquisitions,this is worth us to explore the issue.The whole article has a total of 5 chapters.The first chapter is the introduction,which focuses on the significance and background of the research,gives the main contents and methods of the research,at the same time,describes the current researchsituation at home and abroad;the second chapter,the theoretical description,gives various concepts and basic theories related to the subject;the third chapter,the emphasis is on the introduction of intelligent cases of HKUST,first of all,the case of the basic situation of the company is introduced,and then focus on the merger and acquisition activities of the company,as well as the integration of all aspects of the university's intelligence resources.The Fourth Chapter analyzes the motivation and performance of HKUST'S CONTINUOUS M & A,and then uses the event research method,financial index analysis method and Eva Value Analysis method to analyze its performance.The fifth chapter puts forward some enlightenments and suggestions for the enterprises in the same trade.According to the actual analysis of the case of HKUST Intelligence,the results show that the enterprise is constantly engaged in M & A activities,mainly to seize more market share,build a sound business chain,actively build regional advantages,through various M & A behavior,actively carry out integration.As far as performance is concerned,according to the event research method,it is found that as long as there is a merger and acquisition behavior,then the stock price of the enterprise will rise in varying degrees,the short-term performance will be good,and the positive financial analysis shows that the growth ability,profitability,solvency and application ability of the enterprise have obviously improved,and the EVA value analysis method can be used to find that: the value of the enterprise In the obvious promotion,these all show that the long-term performance of HKUST intelligence is constantly improving.There is also an analysis of the impact of continuous M & A on HKUST's intelligent non-financial index personnel,technology,market size and enterprise strategy,so this paper concludes that enterprises need to formulate a clear strategy,select the appropriate target company according to strategic rationality,and finally also need to integrate M & A parties,actively pursue the expected profit value,and help enterprises to improve their position in the market.