Mergers and Acquisitions Financial Management

Author: Zheng Lei
Publisher:
Publish Date: 2004-09-01
Features: The book strives to avoid obscure language and complex mathematical reasoning, aiming to convey its core content in a direct and concise manner, focusing on reading efficiency and learning outcomes. Based on a large number of domestic and international mergers and acquisitions literature and cases, the book summarizes and introduces the basic principles, concepts, and relevant theories of mergers and acquisitions in six chapters. It analyzes the effects and significance of mergers and acquisitions, provides a detailed introduction to the general process of M&A practice, emphasizing the theoretical and methodological aspects of corporate valuation as the core of the process, as well as the M&A process under specific economic environments. The book systematically elaborates on the operational aspects of M&A, primarily focusing on financial analysis and evaluation in external acquisition transactions, which serve as the scientific basis for M&A decision-making. The key focus of M&A is accounting management, mainly involving accounting treatment, tax planning, and information disclosure issues. The book selects three typical M&A methods: cash purchase, equity swap, and leveraged buyout, providing detailed explanations of M&A financial strategies and techniques, which offer highly practical value for real-world business operations.