英语论文网

On the oversea Merger and Acquisition of China Company
 
Abstract
With the Chinese economic development and domestic competitive intensification, a passel of manufacturing begins to seek a way to help 留学生MBA硕士论文定制international expansion. The cross-border M&A is a shortcut to achieve international operation. In 2004, TCL Corp. merged and acquired TV business from Thomson Group and Mobile Phone business from Alcatel Corp...Now, the results of the mergers are shown to the world. Exploring the reasons for the failure of TCL M&A is to help the later make better decision. Firstly, the transnational basic theory is introduced briefly. Then the performance evaluation after M&A is discussed by the use of analysis for long-term operating results. the motives of TCL M&A and integration management are studied. The failure of TCL Multimedia Holding Ltd is resulted from fault forecasting for industrial development prospects, improper merger agreement, and unsuccessful cultural integration, high operating and restructuring costs. And the success of Telecommunication Holding Ltd relies on effectively reducing the human cost and acquiring synergies. On this basis, studying further the differences between target enterprises, the TCL Group's internal management disadvantages are exposed: lack of core competitiveness; unscientific decision-making. At last the article put forward the conditions which transnational M&A of Chinese enterprises has and the issues to be paid attention.
1. Introduction
The global economic integration and global economic liberalization has promoted the fast growth of international merger & acquisition (M&A). With the deep development of global economy, M&A is booming like rising wind and scudding cloud, which has became one of the most important momentum of foreign direct investment (FDI) theories and global economic development. Therefore, comprehensive analyzes of relevant theories and practices as well as relevant summaries of experience and lessons in these activities are of big significance. Especially in China, all of those will do much favor in the aspect of improving Chinese enterprises' capacity in the worldwide competition. Despite of some limits, the features of this dissertation can be summarized as follows:
Based on related theories of international M&A, this paper chooses some 代写留学生硕士论文innovative but important problems in oversea M&A such as financial strategic issues, financial risks and performance
1.1 Research background
1.2 The research aims and objectives
2. Literature review
2.1 The definition and type of oversea Merger and Acquisition
2.2.2 Foreign direct investment (FDI) theory
2.3 Performance appraisal of oversea M&A

References
Anup Agrawal & Jeffrey F. Jaffe 2001, Do Takeover Targets under Performance, Evidence from Operating and Stock Returns, National Bureau of Economic Research, 4 Jun, pp.14-16.
Andrew P. Dickerson 1997, The Impact of Acquisitions on Company Performance: Evidence from a Large Panel of UK Firms, Oxford Economic Papers, Vol. 49, No. 3, pp. 344-361
Allison W. Brown 1954, Employee Protection and the Regulation of Public Utilities: Mergers, Consolidations, and Abandonment of Facilities in the Transportation Industry, The Yale Law Journal, Vol. 63, No. 4, pp. 445-470
Cakici N, Hessel C & Tandon K 1996, foreign acquisitions in the United States: Effect on shareholder w本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。