科创板企业并购绩效研究——基于智能设备企业的案例分析

在2019年11月29日,上海证券交易所发布了《上海证券交易所科创板上市公司重大资产重组审核规则》,说明科创板将开放并购重组市场,从而进一步推动经济转型和企业创新。本文以平衡计分卡为视角,通过对科创板首例并购重组为例来分析企业绩效,从企业的财务、客户、内部流程及学习与成长这四个维度来研究并购重组给企业带来了哪些影响,总结了关于科创板并购经验,为其他科创板企业实践并购重组操作起参考作用。

On November 29, 2019, the Shanghai Stock Exchange issued the Rules for the Review of Major Asset Re structuring of Listed Companies on the Science and Technology Innovation Board of the Shanghai Stock Exchange, stating that the board will open up the M&A and restructuring market, thereby further promoting economic transformation and enterprise innovation. From the perspective of the Balanced Scorecard, this paper analyzes the performance of enterprises by taking the first case of M&A and restructuring on the STAR Board as an example, studies the impact of M&A on enterprises from the four dimensions of finance, customers, internal processes, learning and growth, and summarizes the experience of M&A on the STAR Board, so as to serve as a reference for other STAR Board enterprises to practice M&A and restructuring operations.