从双汇收购史密斯菲尔德案看美国的外资并购监管制度
发布时间：2018-08-03 18:50
【摘要】：不断深入的全球经济一体化已成为当今世界经济发展的主要特征,而跨国并购则是推动全球经济一体化的原动力。在新的时代背景下,中国企业得以利用累积的资本和创新的融资方式走出国门,并有实力通过并购国际上一些知名的企业,以实现扩展海外市场、获取先进技术和品牌、提升国际市场地位等目的。并且随着我国"走出去"战略的不断深入实施,我国现已成为全球并购交易数额第二大国家,仅次于美国。而美国作为世界上传统的吸引外资大国,因其开放的政治、稳定的法律和税收环境使其成为中国企业实施海外并购的理想国度,美国企业则因为其优秀的品牌及先进的企业治理而成为中国企业海外并购的理想目标。但中企在美国并购的情况却不容乐观,赴美并购的失败率总体高于英、法等国。虽然中国企业在赴美并购的历程中屡屡碰壁,很多大型并购交易都被阻挡在美国大门之外,但一次次的失败经历也使得中国企业不断积累经验,逐步提高了海外并购的能力,并完成了多项成功的交易。在这些成功的案例中有一项交易备受关注,且对中企赴美并购意义重大,即2013年中国双汇国际对美国史密斯菲尔德的成功收购。笔者欲从这项典型的案例入手,分析和介绍美国的并购监管制度,并为中国企业赴美并购提供一些启示,期望能够为今后的赴美并购活动提供些许帮助。
[Abstract]:The continuous deepening of global economic integration has become the main feature of the world economic development, and transnational M & A is the driving force to promote the global economic integration. Against the background of the new era, Chinese enterprises have been able to use their accumulated capital and innovative financing methods to go abroad and have the strength to expand overseas markets and acquire advanced technologies and brands through mergers and acquisitions of some internationally renowned enterprises. Promote the international market position and other purposes. With the further implementation of the "going out" strategy, China has become the second largest country in terms of M & A transactions in the world, second only to the United States. Because of its open politics, stable legal and tax environment, the United States has become the ideal country for Chinese enterprises to carry out overseas mergers and acquisitions, because of its open politics, stable legal and tax environment. Because of its excellent brand and advanced corporate governance, American enterprises have become the ideal target of overseas mergers and acquisitions of Chinese enterprises. However, the situation of Chinese M & A in the United States is not optimistic, the failure rate of M & A in the United States is higher than that in Britain, France and other countries. Although Chinese enterprises have repeatedly encountered obstacles in the course of mergers and acquisitions in the United States, and many large-scale M & A transactions have been blocked from the United States, the repeated failures have also made Chinese enterprises accumulate experience and gradually improve their ability to acquire overseas mergers and acquisitions. And completed a number of successful transactions. Among the successful cases is a highly watched deal that is significant for Chinese acquisitions in the United States, the successful 2013 acquisition of Smithfield by China Shuanghui International. Starting with this typical case, the author intends to analyze and introduce the American M & A supervision system, and to provide some enlightenment for Chinese enterprises'M & A in the United States, hoping to provide some help for the future M & A activities in the United States.
【学位授予单位】：深圳大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：D971.2;DD912.29
本文编号：2162681
[Abstract]:The continuous deepening of global economic integration has become the main feature of the world economic development, and transnational M & A is the driving force to promote the global economic integration. Against the background of the new era, Chinese enterprises have been able to use their accumulated capital and innovative financing methods to go abroad and have the strength to expand overseas markets and acquire advanced technologies and brands through mergers and acquisitions of some internationally renowned enterprises. Promote the international market position and other purposes. With the further implementation of the "going out" strategy, China has become the second largest country in terms of M & A transactions in the world, second only to the United States. Because of its open politics, stable legal and tax environment, the United States has become the ideal country for Chinese enterprises to carry out overseas mergers and acquisitions, because of its open politics, stable legal and tax environment. Because of its excellent brand and advanced corporate governance, American enterprises have become the ideal target of overseas mergers and acquisitions of Chinese enterprises. However, the situation of Chinese M & A in the United States is not optimistic, the failure rate of M & A in the United States is higher than that in Britain, France and other countries. Although Chinese enterprises have repeatedly encountered obstacles in the course of mergers and acquisitions in the United States, and many large-scale M & A transactions have been blocked from the United States, the repeated failures have also made Chinese enterprises accumulate experience and gradually improve their ability to acquire overseas mergers and acquisitions. And completed a number of successful transactions. Among the successful cases is a highly watched deal that is significant for Chinese acquisitions in the United States, the successful 2013 acquisition of Smithfield by China Shuanghui International. Starting with this typical case, the author intends to analyze and introduce the American M & A supervision system, and to provide some enlightenment for Chinese enterprises'M & A in the United States, hoping to provide some help for the future M & A activities in the United States.
【学位授予单位】：深圳大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：D971.2;DD912.29
【参考文献】
相关期刊论文 前10条
1 朱兆旭;丁国峰;;反垄断法视角下中国企业海外并购法律风险防范对策[J];河北联合大学学报(社会科学版);2016年02期
2 侯娅玲;;美国联邦证券法域外管辖权的最新发展与启示[J];湖北警官学院学报;2015年06期
3 吴术团;;双汇国际收购史密斯菲尔德公司的案例分析[J];对外经贸实务;2015年06期
4 汪莹;郝卫平;张海凤;;双汇收购史密斯菲尔德及其借鉴意义[J];国际经济合作;2014年04期
5 叶卫平;;反垄断法的价值构造[J];中国法学;2012年03期
6 刘玲;吴静茹;;美国外资并购反垄断立法之述评[J];中国商贸;2012年09期
7 周海燕;;跨国并购中反垄断风险的规制:国际经验与中国的对策[J];亚太经济;2011年01期
8 杜仲霞;;反垄断法视野下的外资并购[J];法治研究;2010年02期
9 孙效敏;;美国外资并购安全审查制度研究[J];华东政法大学学报;2009年05期
10 叶卫平;;论特许经营的反垄断法规制[J];深圳大学学报(人文社会科学版);2009年05期
，本文编号：2162681
本文链接：https://www.wllwen.com/falvlunwen/falilunwen/2162681.html
