Research On The Performance Of Diversified Mergers And Acquisitions Under The Motivation Of Enterprise Transformation

With the development of China’s economy,more and more merger and acquisition events have occurred in our market,and scholars’ research results on mergers and acquisitions are also quite rich.Initially,mergers and acquisitions were mainly horizontal and vertical mergers and acquisitions,but the rate of diversified mergers and acquisitions has become higher and higher in recent years.However,there is not much research on diversified mergers and acquisitions in China,and most of them are based on empirical research.There are few studies on case studies of diversified mergers and acquisitions of a specific company.Therefore,this article selects the case of Chang Aluminum’s diversified merger and acquisition of Langmai shares for case analysis.It hopes to see small things.The analysis of this case reflects the characteristics and trends of diversified mergers and acquisitions of most companies.The detailed analysis makes up for the lack of details in the empirical analysis.This article selects the case of Changal Group,focusing on exploring whether diversified mergers and acquisitions can bring positive performance to Changal.At the same time,it introduces the parties to the merger and acquisition process and the process of mergers and acquisitions.Drivers and risks are analyzed in a targeted manner.In the performance analysis part,methods such as event research are used to study short-term performance on performance,stock prices,and excess returns,and then accounting index analysis is used to analyze operations,profitability,The analysis of development and solvency,and finally combined with some indicators and qualitative analysis methods to analyze the effects of diversified mergers and acquisitions,and strive to comprehensive analysis.The research results in this article indicate that the changes in performance,stock price,and cumulative excess rate of return of Changal’s diversified mergers and acquisitions indicate that shareholders’ short-term wealth has increased.A comparative analysis of the averages shows that the overall capacity of Changalco has improved and has positive long-term financial performance;and the analysis of the effects can draw the effect of this merger on risk diversification,synergy and capital market effects.There are manifestations on it.It can be said that this time the merger was successful.At the same time,based on the case of diversified mergers and acquisitions,this article also obtained some enlightenments on diversified mergers and acquisitions,and gave some practical suggestions based on the actual situation of Changal Group.At present,there is a lack of case studies on diversified mergers and acquisitions Next,I believe that this article has certain reference and reference significance for other companies that want to diversify mergers and acquisitions,and for the study of the latecomers.