Motivation and Performance Analyses of Suning’s Acquisition of Carrefour

In the new era of China’s retail business transformation,retail enterprises have launched online and offline omni-channels,developed all-category business models,and taken the step toward merger and acquisition expansion.This paper studies and analyzes the motivation and performance of Suning’s merger and acquisition of Carrefour China through literature research,case study,the financial index method,non-financial index method,and comparative analysis method.Based on the analysis,this merger and acquisition has improved Suning’s management efficiency but reduced its profitability and increased its risks,mainly due to the pressure of traditional business sales,the unstable operating channels,and the fact that the integration of the two parties has not achieved the desired results.

企业并购动因研究的最新发展

1993年Berkovitch和Narayanan将并购的动因理论概括为三大类:协同理论、自大理论及管理机构问题理论。但是,近年来随着并购的发展,其理论研究也在不断地更新和完善。本文将从七个方面对并购动因理论做一系统介绍。