Research On The Performance Of Continuous M&A Based On Integration Mode

Enterprises accelerate their expansion and increase their market share through MERGERS and acquisitions,but the proportion of positive effects for long-term development of enterprises after mergers and acquisitions is not high,and most of their failures are due to improper choice of integration mode.Different integration methods have different performance.Mineral resources constitute the cornerstone of economic development,and the task of transformation and guarantee is still severe.As a large domestic resource-based enterprise,Z Mining has laid a foundation for its benign and lasting development through merger and acquisition.Therefore,in order to better let enterprises understand and choose the appropriate integration mode to promote long-term development,this paper chooses to study the performance of continuous M&A in Z mining consolidation mode.Firstly,this paper introduces relevant theories of integration mode,performance evaluation methods,Z mining case selection basis and data sources.Secondly,based on the symbiotic type and absorption type integrated model on the basis of the enterprise from financial indicators,tobin Q value,economic value added three aspects of performance analysis and result evaluation,non-financial performance,through to the personnel situation,two aspects of innovative technology is analyzed,and the evaluation of the results,and the mechanism of the effect of influencing factors on the performance of integration mode of Z mining generalizations;Finally,the conclusion of this paper and the enlightenment based on the integration mode of enterprises through continuous mergers and acquisitions to achieve higher economic benefits.Through the analysis of Z Mining’s continuous M&A case,the research finds that: under the symbiotic integration mode,the enterprise has good debt paying ability,but poor operation,profit and development ability;Under the absorbing integration mode,the operation,development,profitability and debt paying ability are good,but the reduction of external environmental risks is poor.Different performance brought by different integration modes affects the success of m&a.This paper provides relevant enlightenment for enterprises on how to better choose appropriate integration modes to achieve the overall strategic goals and ensure long-term development:Select effective acquisition objects,integrate enterprise resources short board,improve the integration ability of technology research and development,consolidate core competitiveness,expand marketing channels,optimize the industrial chain,the level of organizational independence and economic environment match,disperse risks,increase the integration of enterprise culture,accelerate operational efficiency.It is expected to provide a reference for enterprises to improve the integration performance,and has a certain research significance to promote the optimization of the integration mode strategy under the continuous merger and acquisition of the same industry.