| Reform and opening up has greatly promoted the development of China’s national economy,and during this period the steel industry has played a very important role in the development of the national economy and is an important part of the national economy.At present,China’s economic development is gradually moving to a new stage,which has put forward new requirements for the production and operation of steel enterprises.The development of steel enterprises is not only seeking economic value added,but also ensuring economic growth while steel enterprises must pay more attention to the quality of their own development and their responsibility for social progress and environmental protection.The report of the 20 th Party Congress points out that we should promote green development,promote the harmonious coexistence of man and nature,firmly establish and practice the concept of green water and green mountains is the silver mountain of gold,and strive to make our development model change from high pollution type to green type.For steel enterprises,firstly,the government’s environmental control requires sustainable development;secondly,the public requires enterprises to take responsibility for environmental protection;thirdly,enterprises should continuously improve their own green management technology and be able to broaden their market and make themselves in the leading position in the industry.In this paper,based on the research literature related to triple performance and green M&A,the three theories of sustainable development,M&A motives and triple bottom line are used as the main lines of research,and the case study of Hangang Steel’s green M&A to improve triple performance is used.The effects of green M&A are discussed in terms of financial performance,environmental performance and social responsibility,and insights are drawn from them: green M&A in iron and steel enterprises has promoted the technological upgrading of enterprises and enhanced their sustainable development capability. |
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