海航科技并购英迈国际短期绩效评价

HNA Technology Mergers and Acquisitions Ingram MicroInternational Short-Term Performance Evaluation

在经济全球化的大背景下,我国企业大型跨国并购在“一带一路”倡议和“走出去”政策的推动下顺利进行,“蛇吞象”的杠杆并购也时有发生。以海航科技跨国并购美国英迈国际为研究对象,在了解并购背景与动机后,运用事件研究法对此次并购进行短期绩效评价,并根据事件期以及估计期的海航科技股票收益率的变化,从不同角度分析了并购动机是否实现。

Under the background of economic globalization,large-scale transnational mergers and acquisitions of Chinese enterprises are smoothly carried out under the promotion of the“Belt and Road”initiative and the“Going Globally”policy.Leverage mergers and acquisitions of“snake swallowing elephants”also occur from time to time.Taking cross-border M&A Ingram Micro of HNA technology as the research object,after understanding the background and motives of the M&A,the event research method is used to evaluate the short-term performance of the M&A.Meanwhile,from different angles,it analyzes whether the motivation of M&A is realized according to the changes in the HNA technology stock returns in the event period and the estimated period.