M & A trends and synergy of electronic channel-Take WPG Holdings M&A with Yosun Group for example.
| Autor: | Yang,Yung-Li, 楊永立 |
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| Rok vydání: | 2011 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 99 M & A trends and synergy of electronic channel-Take WPG Holdings’ M&A with Yosun Group for example. by Yang, Yung-Li JUNE 2011 ADVISOR(S): Dr.GOO,YEONG-JIA DEPARTMENT: GRADUATE SCHOOL OF BUSINESS ADMINSTRATION MAJOR：BUSINESS ADMINSTRATION DEGREE : MASTER OF BUSINESS ADMINSTRATION Under circumstances of increasingly fierce competition among enterprises, atpresent strategic alliance and enterprise M&A have become new ways for enterprise management, not only help enterprise to compete through synergy to accomplish multiplier performance but also promote national competitiveness. Recently, native electronic component channels also involve M&A, mainly adopt level of horizontal M&A. We use such way to add proxy product lines and expand our enterprise scale, promoting our overall competitiveness. This paper mainly uses the case of WPG Holdings’ M&A for Yosun Group which was the most famous electronic components channel’s M&A in 2010 to discuss the targets below: 1. The M&A trend of electronic components channel. 2. Synergy: complementary resources. integration of internal resources global arrangement financial performance. The result showed that for the purpose of promoting the value, the electronic component distributor must play an important role before semiconductor component manufacturer’s and electronic product (or system) manufacturer’s R&D, in the electronic product manufacturer’s adopting component to use, and in the back-end service after production. In order to play a good role in each stage, the electronic distributors had obvious tendency to merge: philosophy to fit the shareholders, being able to expand the size of the overall operation and production of financial synergy, improving product lines and customer base of integrity, increasing the complementarity of products to help companies globally, corporating culture compatibility and maximizing shareholder equity reasonable protection of employee rights. In stock terms, if they meet the M & A trend, both the main and the target company's share price will have positive effect, the target company’s return is better than the main company’s. Close to the base date of acquisition, both the main and the target company have positive returns but grow not too much. In the market, the market value is better after M&A. Key word: Taiwanese electronic components channel trend,synergy |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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