Harry English Series · Gaokao Basic Questions

Author: Li Jing
Publisher:
Publish Date: 2005-07-01
Features: Mergers and acquisitions are advanced and complex activities in corporate behavior. Western countries have a century-long history of corporate mergers and acquisitions, yet their success rates have remained low. Against the backdrop of significant development in domestic mergers and acquisitions, how to improve their success rates by addressing their complexity has become an urgent issue for domestic academia to research and resolve. This book draws on analytical methods from Western economics, based on extensive analysis of domestic and international literature and case studies of mergers and acquisitions, and conducts a meaningful systematic and innovative exploration of improving the success rates of corporate mergers and acquisitions within the specific economic environment of China. It provides a relatively comprehensive overview of the effectiveness of mergers and acquisitions in both domestic and international theories and empirical research, systematically reviews five global waves of mergers and acquisitions and three domestic waves, and deeply analyzes their effectiveness. The book proposes reasonable motivations for merger and acquisition strategies and the fundamental models of strategic mergers and acquisitions; analyzes the emergence, role definition, selection criteria, and responsibilities of integration managers in mergers and acquisitions; elaborates on a deep understanding of the realization of synergy in mergers and acquisitions, and dissects the pathways to achieving synergy in such transactions; and by constructing an effectiveness model for corporate mergers and acquisitions, reveals the mechanisms of corporate-level effectiveness in these deals.