Financial Performance Study Of M Company Merger And Acquisition Of N Company

With the development of the Internet high-tech era,e-commerce industry has risen rapidly.From the beginning of the 21st century to the present,China’s e-commerce industry has been rapidly advancing.Throughout the development trend in recent years,its growth rate has gradually slowed down,the industry has entered the mature stage,and the competition has become more intense.M&a is an important means for e-commerce enterprises to improve their competitiveness and promote their development.The mature e-commerce industry can integrate resources and achieve sustainable development through mergers and acquisitions.The comprehensive and high-quality financial performance evaluation method can have a more accurate evaluation of the merger and acquisition results.In this thesis,the representative of advanced enterprises in e-commerce industry M company m&a N company m&a case study,first introduces the general situation of the merger and acquisition of both parties,analyzes the motivation of the merger and acquisition of both parties,the whole merger and acquisition process is described in detail.Using EVA financial performance evaluation method,EVA return rate and EVA growth rate are derived by EVA value to analyze the changes of related indicators before and after M&A,and obtain the creation of enterprise value.Further decompose the driving factors of core indicators,build the financial index framework to evaluate the profitability,debt paying ability,operating ability and growth ability of enterprise performance,evaluate the comprehensive ability classification before and after M&A by efficacy coefficient method,and summarize the changes of the four capabilities.Through the comprehensive and systematic financial performance evaluation,it is concluded that M company’s merger and acquisition is successful.Based on the above analysis,the deficiencies of this merger and acquisition are summarized and relevant suggestions for e-commerce industry merger and acquisition activities are put forward.It provides reference for the development of e-commerce industry and the development of China’s e-commerce industry,and enriches the research methods of m&a and the performance evaluation methods of M&A.