中石化海外并购addax绩效分析会计学专业论文.docxVIP

Abs仃actSince Abs仃act Since China joined the World Trade Organization，the economy has maintained rapid growth．China’S manufacturing industry as a pillar industry has consumed a large number of energy for exports．Automobile and other energy consumables are quietly into tens of thousands of households．Although the natural resources are abundant in our country，the growing demand for energy continues to deepen China’S dependence on energy imports Therefore，there appears a progressive tendency in China’S imports of energy year by year， and the most distinct imported energy is the growth of crude oil．In 20 1 4 crude oil imports hit a new record in recent years，reaching 3．1 million tons．It increased by 9．5％compared to last year．Based on the 3．1 million tons of imports，it could be speculated that China’S，ratio of foreign dependency on crude oil has reached 59．6％，which increase 2．6％compared to 57％in 2013．．In 2004，in terms ofthe number ofoverseas MA the top three are real estate， machinery manufacturing and energy，three traditional industries．With respect to the amount of money， energy companies ranked first．The big three among energy corporations，Petro China， Sinopec， CNOOC，led a wave of overseas mergers and acquisitions．The case of Sinopec merger of Swiss Addax selected in the paper is a successful one， and it draws the global attention this year．The case is considered a classic case of overseas mergers and acquisitions for studying．Then，the MA behavior to Sinopec brings what economic benefits， is one of the signs to measure the Success of mergers and acquisitions to enhance performance of MA activity．Therefore，the author chooses performance analysis thorough analysis to the case． This paper discusses related theories firstly，to explore the relevant theoretical and empirical performance of current academic system，and it found that scholars did not reach the same conclusion whether MA performance improves MA．this paper， with Sinopec merger and acquisition of Addax as an