Research On Mergers And Acquisitions Performance Of Y Enterprise Based On The Triple Bottom Line

So far,there have been five waves of mergers and acquisitions in the world.The merger and acquisition behavior of Chinese enterprises only appeared after the reform and opening up.After 2014,it was a peak period of merger and acquisition behavior,This behavior is conducive to the rapid expansion of the company.At the same time,the effective allocation of resources can be achieved,the behavior realize the transformation and upgrading of enterprises and improve their overall competitiveness.However,we cannot tell directly whether the merger and acquisition behavior of the enterprise is really effective,whether the enterprise has achieved the expected effect of this behavior,and the value to the future development of the enterprise cannot be judged.For this purpose,this article designs a set of performance evaluation system,and selects the merger and acquisition events of Y company as the case study object.In order to determine the effectiveness of mergers and acquisitions,and provide inspiration for similar businesses,we can analyze the realization of the expected effect of mergers and acquisitions.This article takes company Y as a case study object,we take the time of its merger and acquisition behavior in 2016 as the mid-limit,and take two years before and after each as a total of five years as to observe the period of this M&A performance study.Considering that the case company selected is a steel company,the purpose of its mergers and acquisitions is not only to achieve economic benefits,but also meeting the requirements of protection policy and carrying out social responsibility.Here,we introduce the triple bottom line theory to build a performance evaluation system.The triple bottom line can more comprehensively evaluate whether the merger and acquisition of enterprises has brought more balanced development to itself from three aspects.Based on such an overall goal,the establishment of three first-level indicators reflects that the merger and acquisition of enterprises not only brings the maximization of economic benefits,but also promotes the company to actively assume social responsibilities and protect the ecological environment.when we set up second and third level indicators,we should consider literature and enterprise conditions.Finally,we can build a comprehensive performance evaluation model,which can comprehensively measure corporate M&A behaviors.We use AHP in our study to determine the weight of indicators in order to calculate the performance.In the and,we find that acquisition is not only good for the economic of companies,but also reminding them to protect the environment and fulfill social responsibilities.