并购的实施对公司绩效的影响  

The Impact of Mergers and Acquisitions on Company Performance

作　　者：徐墨乔 朱彤彤 刘颖 彭兴莲[1] 徐梅[1] 

机构地区：[1]南昌大学科学技术学院,财经学科部,江西 南昌

出　　处：《可持续发展》2024年第4期1016-1034,共19页Sustainable Development

摘　　要：并购是企业进行资本运作和经营的一种主要形式,通过并购能带给生产规模经济效应和经营规模经济效应,上市公司通过横向并购和纵向并购可以提升市场主导效应,本文拟从上市公司实施并购前后对公司绩效影响的角度,以锂电行业的三家企业代表:宁德时代、亿纬锂能、中科电气的相关数据为例,运用EVA指标评价法,论证企业的并购实施对公司绩效的影响,并发现企业的并购行为对绩效产生积极影响。Mergers and acquisitions are a major form of capital operation and management for enterprises. Mergers and acquisitions can bring about economies of scale in production and operations. Listed companies can enhance their market dominance through horizontal mergers and vertical mergers. This article intends to start from the perspective of listed companies. From the perspective of the impact on company performance before and after the implementation of mergers and acquisitions, taking the relevant data of three representatives of the lithium battery industry: CATL, Everview Lithium Energy, and Zhongke Electric as examples, the EVA index evaluation method is used to demonstrate the impact of the implementation of mergers and acquisitions on the company’s performance, and found that corporate M&A behavior has a positive impact on performance.

关 键 词：并购 绩效 经济增加值 EVA指标评价 

分 类 号：F27[经济管理—企业管理]