Research On Green M&A Performance Of Heavy-Polluting Enterprises

With the development concepts such as "five-in-one" and "green water and green mountains are the golden mountains and silver mountains" have been proposed,the traditional extensive development model of heavy pollution enterprises has increased the contradiction between economic development and ecological environment,and to a certain extent slowly slow down my country to achieve high quality in China to achieve high quality.The pace of transition.As a "high energy consumption+high pollution",the heavy pollution industry has successively experienced problems such as low industry concentration and overcapacity.Therefore,more and more concrete companies have begun to respond to national calls and transform into the green environmental protection industry through green mergers and acquisitions.Based on this green development as the background,whether the actual operating effect of green mergers and acquisitions on heavy pollution enterprises has a role,the performance after green mergers and acquisitions is good or bad,and further research is needed.After combining the existing research documents related to green mergers and acquisitions through the case research method,based on the theory of sustainable development,the theory of triple bottom line theory,and synergy effect theory,the Jidong Cement Mergers-Purchase Mangrove Environmental Protection is selected as the research object.First of all,by collecting and organizing the green mergers and acquisitions of my country’s heavy pollution enterprises in recent years,the current situation of the industry mergers and acquisitions is analyzed;secondly,based on the background and process of the green mergers and acquisitions,the main causes of Jidong Cement for green mergers and acquisitions are analyzed.Effect and mechanism of role;then analyze the performance of Jidong cement green mergers and acquisitions from three aspects: financial performance,environmental performance,and social performance;finally,according to the research conclusion Related revelation.This study found that first,green mergers and acquisitions are an effective way for heavy pollution enterprises to transform from green environmental protection.Second,green mergers and acquisitions mainly improve corporate performance by acquiring and applied green resources.The acquisition of green development resources helps to develop new business areas,reduce operating costs and reduce environmental pollution,and promote the unity of economic benefits and environmental benefits of heavy pollution.Third,the implementation of green mergers and acquisitions for heavy pollution enterprises must take into account long-term performance.The impact of green mergers and acquisitions on corporate performance needs to take into account both short-term and long-term aspects.It not only pays attention to short-term economic benefits,but also pays attention to improving the future development potential of enterprises.