在经济全球化迅速发展的新形势下,企业并购已成为对外直接投资、应对跨国公司全球性扩张、参与国际市场竞争的主要方式和基本内涵。选择合适的企业并购绩效评价指标,进行理论的和实证的分析研究,对于鼓励股东价值创造并购、避免股东价值损耗并购、提高企业并购效率有着重要的现实意义。 Under the new situation of rapid economic globalization, corporate mergers and acquisitions have become the main means and basic connotations of direct foreign investment, global expansion of transnational corporations, and participation in international market competition. Choosing the right M&A performance appraisal index and carrying out theoretical and empirical analysis and research has important practical significance for encouraging shareholder value creation M&A, avoiding shareholder value loss M&A, and improving M&A efficiency.