R上市公司并购S公司财务问题研究

发布时间：2018-04-13 06:02

本文选题：上市公司 + 并购　；参考：《吉林财经大学》2017年硕士论文

【摘要】：2008年金融危机后,国外资本市场受到了很大的冲击,很多上市公司纷纷陷入经营困境,而这却给了我国上市公司发展壮大提供了难得的机会。现阶段中国上市公司化工行业正加快脚步,通过并购实现战略目标。在已经发生的国内化工上市公司之中并购的案例里面,有些成功了同样也有些失败了。并购公司在理论层面的研究、策略层面的方法及程序层面的操纵对比之下还有不小的差距,追其原因,由于我国较国外资本市场起步较晚。财务问题便成为并购中最核心与最焦点的问题。因此,将上市公司的并购程序中存在的一系列财务问题作为课题研究有着重大的理论意义及切实的现存意义。本文对R上市公司并购S公司中的估值、支付方式和并购后绩效等主要财务问题,进行深入研究,通过R上市公司在并购中的做法,对其他上市公司并购提供借鉴。现有关于企业并购财务问题的研究成果虽然很多,但是以我国上市公司中化工行业为对象来研究并购中的财务问题的案例却很少见。希望通过本文的研究能够对我国其他上市公司并购有所借鉴,优化上市公司并购的效果,实现完美并购。本文的逻辑框架为以下五部分:第一部分绪论介绍了课题研究的大背景及现在国内外市场情况并提出了研究的思路;第二部分阐释了上市公司并购的概念并给予界定,将案例的研究范围明确,同时对其动因给予了逻辑分析;第三部分将以R上市公司为例对并购双方概况、并购流程和并购动机进行概述;第四部分通过对R上市公司并购中的估值、支付方式、财务后绩效等财务问题进行分析,并得到对其他公司并购的启示;第五部分总结案例,得出结论,指出本案例分析的不足。本文的研究方式是将理论与案例相结合,角度新颖,研究成果具有一定的实用价值。
[Abstract]:After the financial crisis in 2008, the foreign capital market has been greatly impacted, many listed companies have fallen into management difficulties, but this has provided a rare opportunity for the development and growth of listed companies in China.At this stage, the chemical industry of listed companies in China is speeding up the pace, through mergers and acquisitions to achieve strategic objectives.Among the mergers and acquisitions that have taken place among listed domestic chemical companies, some have succeeded and some have failed.M & A companies in the theoretical level, the strategic level of methods and procedures under the comparison of manipulation, there is a large gap, to catch up with the reasons, because our country than the foreign capital market started later.Financial problems have become the core and focus of M & A.Therefore, it is of great theoretical and practical significance to study a series of financial problems in the process of M & A of listed companies.This paper makes an in-depth study on the main financial problems of R listed companies in M & A of S Company, such as valuation, payment mode and performance after M & A, and provides reference for M & A of other listed companies through the practice of M & A of R listed companies.Although there are a lot of research achievements on the financial problems of M & A, it is rare to study the financial problems in M & A by taking the chemical industry of listed companies in China as the object.It is hoped that the research in this paper can be used for reference to other listed companies in our country, optimize the effect of M & A of listed companies, and realize perfect M & A.The logical framework of this paper is as follows: the first part introduces the background of the research and the domestic and foreign market situation and puts forward the research ideas; the second part explains the concept of M & A of listed companies and gives the definition.The scope of the case study is clear, at the same time, it gives a logical analysis of the motivation. The third part will take R listed company as an example to summarize the general situation of M & A, M & A process and M & A motivation.The fourth part analyzes the financial problems of R listed companies in M & A, such as valuation, payment method, financial performance and so on, and gets the enlightenment to other companies'M & A; the fifth part summarizes the case, draws the conclusion,The deficiency of this case analysis is pointed out.The research method of this paper is to combine theory with case, the angle is novel, the research result has certain practical value.
【学位授予单位】：吉林财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.7;F406.7;F832.51

【参考文献】