Pondering Over Several Issues on Improving the Success Ratio of Enterprises MA

摘要

This article aims at finding out the primary causes leading to the failure of Merger and Acquisition (M&A) among enterprises through empirical research on the cases of this catalogue home and abroad, as well as thorough analysis On the three stages of M&A. Our conclusion is:inaccurate strategic policies before M&A, improper operation during M&A, poor integration aider M&A are three main reasons resulting in the failure of M&A.Furthermore, we find out that the value of M&A originating from the integration after M&A, is also a key issue determining the fate of M&A, be it successful or failed.