Mergers and Acquisitions

Author: Jiang Zezhong
Publisher:
Publish Date: 2004-02-01
Features: Mergers and acquisitions (M&A) are activities where microeconomic organizations achieve strategic or financial goals through property rights transactions. From a macro perspective, they are also behaviors that achieve the rational allocation of social and economic resources and industrial restructuring through market selection. With the continuous deepening of China's economic system reform and state-owned enterprise reform, the issue of M&A has attracted increasing attention from the Chinese government, enterprises, and the academic community. Since the mid-1990s, numerous books and articles on M&A have been published domestically, with most content focusing on introducing foreign theoretical achievements. Additionally, following the relatively vague terminology used abroad, the discussion generally conflates mergers and acquisitions without clear distinction. This book aims to break new ground in form and innovation in content. It is divided into 14 chapters, covering main topics such as: the classification and basic conditions of M&A; corporate acquisition and counteracquisition; the principles and practices of corporate mergers. The purpose of this book is to provide a comprehensive and practical discussion and analysis of the theories and practical operations of M&A, helping students, investors, and corporate executives interested in M&A research and investment banking to master knowledge, familiarize themselves with business practices, and broaden their horizons.