Research On Performance Evaluation Of Green Mergers And Acquisitions Of Jidong Cement Based On Entropy Catastrophe Series Method

The extensive economic growth has indeed driven the rapid growth of enterprises,but risks that cannot be guaranteed by funds and the environment cannot withstand have emerged one after another.Since the 18th National Congress,China has steadfastly taken the path of green development,and the construction of a beautiful China has achieved remarkable results.The Twentieth National Congress proposed to accelerate the green transformation of the development mode,deeply promote the prevention and control of environmental pollution,and actively and steadily promote carbon peak carbon neutrality.In the context of green development,carrying out green transformation to reduce pollution and energy consumption is very important for high polluting and high-energy consuming enterprises.In green transformation,green mergers and acquisitions can enable enterprises to achieve their green transformation goals more efficiently.Through green mergers and acquisitions,enterprises can directly obtain relevant green technologies,talents,and equipment.Therefore,what will be the impact of green mergers and acquisitions by high polluting and energy consuming enterprises?What changes have occurred in performance?These are essential for high polluting and energy consuming enterprises that want to achieve their own green transformation through mergers and acquisitions.This article takes the case of Jidong Cement M&A as the research object,and uses the entropy mutation progression method to construct a green M&A performance evaluation system for Jidong Cement from three aspects:economic performance,social performance,and environmental performance,to comprehensively evaluate the performance of this green M&A.The research and analysis results indicate that the overall performance of green mergers and acquisitions has not increased due to the impact of rising raw material costs and real estate regulation,while the economic performance has decreased.However,there has been a significant improvement in environmental and social performance,indicating that this green merger and acquisition has achieved the goal of green mergers and acquisitions,promoted the enterprise’s green transformation,and contributed to the sustainable development of the enterprise.In the future,Jidong Cement still needs to pay more attention to improving its short-term debt repayment ability,ensuring the rights and interests of suppliers and customers and comprehensive electricity consumption.The research in this article provides some ideas for the evaluation system of green mergers and acquisitions in the cement industry,and also provides some reference for other enterprises seeking green mergers and acquisitions.