所属学科：经济学 二级学科： 经济学其他学科
In the context of global economic integration, cross-border mergers and acquisitions has become the main way of enterprise technology transfer and economic expansion. At present, academia, cross-border mergers and acquisitions can improve business performance debate is still large. This paper points out the cross-border M & A samples of 116 listed companies from the perspective of corporate finance. Through the factor analysis and empirical method, this paper finds out the divergence between the improvement of the number of cross-border M & A enterprises and the total amount of performance. It is concluded that the success of M & Bring the loss, which is one of the driving force of cross-border mergers and acquisitions. Secondly, the factors that will affect the transnational M & A of the enterprise are divided into macro factors, enterprise characteristic factors and transaction factors. The transaction factors are the controllable factors before the M & A, mainly including: cash flow coverage, transaction scale, transaction mode, etc., identify uncontrollable factors to reduce the risk of M & A failure, the correct choice of controllable factors to improve the success rate of cross-border mergers and acquisitions.