Research On The Performance Of Green Mergers And Acquisitions Of Runbang Shares Under The Entropy Catastrophe Series Method

In recent years,our government repeatedly elaborated the importance of environmental protection in succession in the 19th and 20th National Congresses,on the one hand,put forward the strategic goal of "double carbon",singing the main melody of ecological civilization construction,on the other hand,the government has also strengthened the punishment on environmental damage,to cause polluting enterprises to pay attention to the problem of pollution emissions.Under this background,more and more environmental pollution problems of machinery manufacturing industry are exposed to the public,and its own development is facing severe challenges.Through the acquisition of small and medium-sized environmental protection enterprises,green M&A can provide polluters with advanced green equipment,green technology and management experience in a short period of time,solve their internal pollution disposal problems,and help polluters quickly enter the environmental protection market and gain market shares.Therefore,green M&A has become the first choice for many polluters in environmental protection transformation.This paper takes Jiangsu Runbang Heavy Industries Co.,LTD.(hereinafter referred to as "Runbang Stock"),a machinery manufacturing enterprise,as the research object,and studies its acquisition of Hubei Zhongyou Youyi Environmental Protection Technology Co.,LTD.(hereinafter referred to as "Hubei Zhongyou Youyi"),a green merger and acquisition event.By understanding both parties of the merger and combing related events,Explore the causes of the merger and acquisition,and analyze the impact of the event on the stock price and performance of Runbang Shares.This paper focuses on the use of entropy-mutation series method to analyze the financial performance,environmental performance and social performance of Runbang Shares.The research results show that the green merger of Runbang Shares and Hubei Zhongyou Youyi has the most significant impact on corporate environmental performance.Before the merger of Runbang Shares,the environmental performance has an increasing trend but the overall growth rate has slowed down.The merger and acquisition event restored the rising trend of environmental performance of Runbang Shares,and promoted the environmental performance of enterprises to reach a new peak.In terms of financial performance and social performance,this green merger and acquisition event has also brought positive influence to the company,making the financial performance and social performance maintain a steady upward trend on the whole.Thus,it can be seen that the green merger and acquisition of Runbang Shares has a positive effect on the overall performance of the company,which is a relatively successful merger and acquisition transformation.The research results of this paper also help to enrich the research content related to green M&A,and can provide certain reference for similar enterprises to implement green M&A.