M & A matching effect，refers to the more matching the purchase premium with the purchase premium and the profit quality of the target，Long -term mergers and acquisitions performance better。But，Today, the merger and acquisition market continues to warm and grow rapidly，my country still has problems with premium and quality mismatch。Thomson Reuters Global M & A Library Show，Since the beginning of the 21st century，M & A since entering the Chinese capital market，The acquisition party paid the mergers and acquisitions premium and the profit quality of the target square profitability.，M & A premium overall to go higher and the profit quality declines overall。This will not only affect the matching effect of the matching effect，It will also hinder the improvement of the factor configuration。

Look at it for a long time，The possibilities of premium and quality mismatch in mergers and acquisitions are the root causes of the phenomenon of mismatches in mergers and acquisitions is，The profit quality of the target is not high，and actively improving information disclosure of insufficient quality and power。profit quality is the basic quality of the company's profit level，Reflecting profitable "gold content" or "color"，related to the toughness and development potential of the target; the quality bet365 best casino games of information disclosure emphasis on the real integrity of information disclosure，Affects the information asymmetry of the two parties in mergers and acquisitions。To solve the current situation of premium and quality mismatch，Stimulation and purchase matching effect，It is necessary to take into account both internal drive and external thrust，Improve the profit quality and information disclosure quality of the target。

　　Bet365 lotto review

Generally speaking，Stimulating mergers and purchasing matching effects not only helps the resource optimization allocation，It can also help the coordinated development between enterprises。Especially the present，More need to fully tap the potential of the domestic market integration，Double -perspectives from internal drive and external thrust to improve the profit quality and information disclosure quality of market participation subjects，Improve the acquisition party payment and acquisition premium and the profit quality matching of the target，Release the merger matching effect，New kinetic energy to speed up shaping the new kinetic energy of "improving the efficiency of capital utilization"。

Independent innovation ability will affect the future profit potential and competitive advantage of the company。Enterprises need to establish a close dependence relationship with external organizations，Director of each exhibition in the ecological network system，Through purposeful knowledge overflow and Bet365 app download complement of learning，Improve the advantages of innovation and the ability to transform results; and innovation can dig potential development opportunities、Pioneering new business，Create a new profit growth point，and get long -term competitive advantage。

The equity structure is the logical starting point of the modern company's governance system，Can have a fundamental impact on the efficiency of the company's governance。For non -listed companies，It should be suck the "think tank" when necessary，Improve the decision -making governance mechanism。For listed companies，It should be engaged in pre -prevention and post -remedy restrictions and infringement behaviors，For example, optimizing the composition of the board of directors、Keep independent directors relatively independent、Rich small and medium shareholders to withdraw from or simplify the process，Building shareholders and management、"Bridge" contacted by major shareholders and small and medium shareholders，better play the ability to govern modern companies，Improve the quality bet365 best casino games of information disclosure。With the improvement of the treatment level of the target，The company's decision -making process and actual actions will be more in line with the concept of sustainable development and future development blueprints，potential profitability will also be enhanced。

Talents are the first resources and core elements in the new era，is the basic nature of consolidating Bet365 lotto review high -quality development、Strategic support。In the adaptive job，Talents can play an advantageous role，Improve the output efficiency，Expand resources and markets，In the process of communication and communication, knowledge overflow，Get the human capital synergy effect of "1+1 & gt; 2"。These are helpful to enhance the toughness of the target and the improvement of potential profitability。

　　Optimize the system environment

With the optimization of my country's market environment and the improvement of corporate quality，The more high -quality targets available，The possibility of the acquirer looking for an ideal target and paying the premium that matches its quality is also greater。Database data based on the global M & A library of Thomson Reuters and China Economic and Financial Research Database，Our research team discovered，If the area where the target party is located has convenient financial resources and rich labor resources，So it is easier to become the target of the acquisition party，The target shareholders are also easier to profit on asset selling、completion、Get advantage in strength and speed，Enhanced standards actively improve the quality bet365 best casino games of information disclosure，Improve capital mismatch。

Optimize the legal system，Standardize the information disclosure system for mergers and acquisitions。With the development of interconnection and social network relations，Mergers and exchanges and cooperation between enterprises are becoming more frequent，bet365 live casino games Among them, many listed companies and non -listed non -public target companies participate，Incontinent and incomplete information disclosure problem may launch a hidden danger of infringing the interests of investors，Therefore, standardized and improved the acquisition of the acquisition of the acquisition of the listing partner，Especially the relevant information specifications of non -listed non -public target companies、Integration、Timely、Discovery system in terms of accuracy and other aspects，The quality of the information disclosure of the target party can be largely improved to a large extent，Added the accuracy of the asset value evaluation of the bid，It helps the acquirer to make premium decisions that match the quality of profitability to the target，Give full play to the matching matching effect，Improve the effectiveness of resource allocation。

Improve the market system，Increase capital and labor service opportunities。Unblocked all aspects of the national economy，Focus on the integrated integration of the administrative division at the economic level，​​Accelerate the establishment of a national unified market system and a large market system，The key blocking points that can open up the constraints and economic cycles，Improve capital and labor allocation efficiency。On the one hand，Big market can activate elements potential，Promote the price of capital and labor elements to be balanced，Improve the company's bet365 best casino games operating efficiency and potential profitability; on the other hand，Freedom、unblocked、Open market system is an important carrier for the healthy operation and orderly competition of the enterprise，Can promote learning and imitation behavior between enterprises，Improve the market information environment，and improve the quality disclosure quality of the market participation subject in general。

The decisive role of the market in the allocation of resource allocation is the essential requirements of the socialist market economy。To produce、circulation、Consumption and other link price mechanisms、Supply and demand mechanism、Competitive mechanism and incentive restraint mechanism return market，Improve market energy and operating efficiency。At the same time，To better play the role of the government。It is necessary to use national development strategy and planning as the orientation，Taking the macro -control policy as a tool，Provide basic environmental protection for the fair and orderly market。This is here，Market subjects will have stronger motivation and more opportunities to carry out efficient production and operation activities，It is also better to shine in the field of innovation and creation，Stimulate market innovation vitality and potential，Enhance the profit quality of Chinese enterprises。

　(Author unit: Xinyang Normal University Business School、Department of East China Normal University Economics and Management Department)