跨国收购与兼并的利弊分析.docVIP

分类号 密级 U D C 编号 本科毕业论文(设计) 题目：跨国收购与兼并的利弊分析 系 别 专业名称 国际经济与贸易 年 级 姓名 学 号 指导教师姓名 指导教师职称 讲 师 二〇一二 年 月 日 摘要: 加入WTO，改革开放效果也开始逐渐显现，金融危机也基本过去，经济开始回暖，中国企业开始了新一轮更大规模的海外并购，涉及房地产、金融、信息、能源矿产、电器等诸多领域，涉及范围之广、金额之高都创下了新纪录 过去几年，全球发生100多起我国企业对外并购活动，我国企业跨国并购数量高速增长。一股全球化的力量推动着我国企业进行跨国并购，并因此改变着全球市场的产业结构和竞争格局。但实际上，国际上70%的并购案都以失败告终，而我国企业并购的失败率还远高于这个数字。有学者对全球并购行为的研究结果显示并购行为往往不能创造财富。我国企业跨国并购的高风险令人担忧。尽管有学者对全球并购行为的研究结果显示并购实际上不能创造财富，但我国企业在跨国并购中仍表现出极大的热情。本文针对这一现象，分析了推动国企业进行跨国并购的主要原因，并对我国企业在内在扩张冲动和外部政策推动下进行跨国并购的利与弊进行了深入探讨。在此基础上，本文建议我国企业针对个案全面分析跨国并购的收益和风险，采取审慎的态度进行跨国并购。关键词：中国企业海外并购跨国购利弊分析政策建议Abstract：Join WTO, began to show the effect of reform and opening up, the financial crisis has been largely in the past, the economy began to pick up, and many Chinese enterprises have started a new round of large-scale overseas mergers and acquisitions, involving real estate, finance, information, energy, minerals, electrical the areas involved in the wide range of high amounts hit a new record in the world in more than 100 enterprises in China activity in the past few years, the rapid growth in the number of cross-border mergers and acquisitions of Chinese enterprises. The surge of the forces of globalization to promote Chinese enterprises to conduct cross-border mergers and acquisitions, and therefore changing the industry structure and competitive landscape of the global market. In practice, however, the international community, 70% of the merger ended in failure, and the failure rate of mergers and acquisitions in China is much higher than this figure. Scholars study the behavior of global mergers and acquisitions behavior often cannot create wealth. The high risk of cross-border mergers and acquisitions of Chinese enterprises is worrisome. Despite the findings of scholars of