Summary: | 碩士 === 淡江大學 === 全球華商經營管理數位學習碩士在職專班 === 97 === The merger and acquisition is one of the principal methods to expand a company’s business map. Pursuing the profit was the main purpose for an early enterprise, however, the current enterprise''s motive to carry on the M & A is coming from a multi-considerations.
With time gone by, the waves of M & A activity haven’t ebbed, but on the contrary the waves are surging higher and higher. Furthermore, after the baptism from the Financial Tsunami occurred on 2008, we believe that M & A movement will be still one of the main economic activities all over the word in the future years. But however most of the research about M&A shows us that the majority of M&A cases were failed finally, but it seems none can stop the entrepreneur strong willing to continue this kind of risk and exciting activities.
After research, we found that
1.As same as the past analogous research results , over half of M&A cases shown that the merged enterprises are not able to obtain more profits from the M & A activity.
2. As the acquired company has a good cash-flow, lower-liabilities and higher ability on earning-profit, they would get a higher probability for success on M&A activities.
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