摘 要
本研究旨在深入探讨企业并购后绩效的长短期变化。基于当前市场竞争日益激烈、企业并购活动愈发频繁的背景，我们采用定量与定性相结合的研究方法，对多个并购案例进行了深入分析。通过收集并购前后企业的财务数据、市场数据以及运营数据，运用统计分析技术，对比了并购前后的绩效变化。研究发现，短期内，并购活动往往能显著提升企业的市场关注度和股价表现，但运营效率和盈利能力可能因并购整合过程中的摩擦而暂时下滑。长期来看，随着整合的深入和协同效应的发挥，企业绩效普遍呈现出稳步上升的趋势。本研究创新性地结合了财务指标与非财务指标，全面评估了并购活动的综合效果，不仅关注经济效益，也重视企业战略目标的实现和社会责任的履行。
关键词：企业并购 长短期绩效 财务数据
Abstract
This study aims to deeply explore the long and short term changes in performance after M & A. Based on the background of increasingly fierce market competition and increasingly frequent merger and acquisition activities, we use both quantitative and qualitative research methods to conduct an in-depth analysis of several merger and acquisition cases. By collecting the financial data, market data and operation data of enterprises before and after merger and acquisition, and using statistical analysis technology, the performance changes before and after merger and acquisition are compared. The study found that in the short term, M & A activities tend to significantly improve the market attention and stock price performance of enterprises, but the operational efficiency and profitability may temporarily decline due to the friction in the process of M & A integration. In the long run, with the deepening of integration and the play of synergistic effect, enterprise performance generally shows a steady upward trend. This study innovatively combines financial indicators and non-financial indicators, comprehensively evaluates the comprehensive effect of M & A activities, focusing not only on economic benefits, but also to the realization of corporate strategic goals and the fulfillment of social responsibilities.
Keyword:merger and acquisition Long and short-term performance financial data
目 录
1绪论 1
1.1研究背景和意义 1
1.2 研究现状 1
1.3 研究方法 1
2并购后企业绩效变化的理论基础 2
2.1并购类型及其对企业绩效的影响 2
2.2 长短期绩效变化的理论分析 2
2.3 并购后整合过程与绩效关系 3
2.4 国内外并购绩效研究综述 3
3并购后企业绩效的短期分析 4
3.1短期绩效评价指标体系的构建 4
3.2 并购后短期内的市场表现 4
3.3 短期内财务指标的变化分析 4
3.4 短期内非财务指标的变化分析 5
4并购后企业绩效的长期分析 5
4.1长期绩效评价指标体系的构建 6
4.2 并购后长期市场表现及趋势 6
4.3 长期财务指标的变化分析 6
4.4 长期非财务指标的变化分析 7
5结论 7
参考文献 9
致谢 10
本研究旨在深入探讨企业并购后绩效的长短期变化。基于当前市场竞争日益激烈、企业并购活动愈发频繁的背景，我们采用定量与定性相结合的研究方法，对多个并购案例进行了深入分析。通过收集并购前后企业的财务数据、市场数据以及运营数据，运用统计分析技术，对比了并购前后的绩效变化。研究发现，短期内，并购活动往往能显著提升企业的市场关注度和股价表现，但运营效率和盈利能力可能因并购整合过程中的摩擦而暂时下滑。长期来看，随着整合的深入和协同效应的发挥，企业绩效普遍呈现出稳步上升的趋势。本研究创新性地结合了财务指标与非财务指标，全面评估了并购活动的综合效果，不仅关注经济效益，也重视企业战略目标的实现和社会责任的履行。
关键词：企业并购 长短期绩效 财务数据
Abstract
This study aims to deeply explore the long and short term changes in performance after M & A. Based on the background of increasingly fierce market competition and increasingly frequent merger and acquisition activities, we use both quantitative and qualitative research methods to conduct an in-depth analysis of several merger and acquisition cases. By collecting the financial data, market data and operation data of enterprises before and after merger and acquisition, and using statistical analysis technology, the performance changes before and after merger and acquisition are compared. The study found that in the short term, M & A activities tend to significantly improve the market attention and stock price performance of enterprises, but the operational efficiency and profitability may temporarily decline due to the friction in the process of M & A integration. In the long run, with the deepening of integration and the play of synergistic effect, enterprise performance generally shows a steady upward trend. This study innovatively combines financial indicators and non-financial indicators, comprehensively evaluates the comprehensive effect of M & A activities, focusing not only on economic benefits, but also to the realization of corporate strategic goals and the fulfillment of social responsibilities.
Keyword:merger and acquisition Long and short-term performance financial data
目 录
1绪论 1
1.1研究背景和意义 1
1.2 研究现状 1
1.3 研究方法 1
2并购后企业绩效变化的理论基础 2
2.1并购类型及其对企业绩效的影响 2
2.2 长短期绩效变化的理论分析 2
2.3 并购后整合过程与绩效关系 3
2.4 国内外并购绩效研究综述 3
3并购后企业绩效的短期分析 4
3.1短期绩效评价指标体系的构建 4
3.2 并购后短期内的市场表现 4
3.3 短期内财务指标的变化分析 4
3.4 短期内非财务指标的变化分析 5
4并购后企业绩效的长期分析 5
4.1长期绩效评价指标体系的构建 6
4.2 并购后长期市场表现及趋势 6
4.3 长期财务指标的变化分析 6
4.4 长期非财务指标的变化分析 7
5结论 7
参考文献 9
致谢 10
