Study on the Merger and Acquisition Motivations and Strategy of High-tech SME

摘要

Merger and acquisition (M&A), as the fiercest way of enterprise competition, has been always focused on for long time in capital market. M&A has become one of main channels that high-tech SMEs develop quickly. In this paper ,we discuss the M&A motivations in view of the high tech SMEs' characteristic and analyze the insufficiency during the M&A of high-tech SMEs in our country .At last we propose some merger strategy in order to enhance the ability of the high tech SMSs .