潍柴动力并购林德液压绩效分析

发布时间：2018-01-19 09:10

本文关键词： 潍柴动力林德液压并购绩效　出处：《河北经贸大学》2017年硕士论文　论文类型：学位论文

【摘要】：改革开放后,中国的基础设施建设也加快了步伐,工程机械行业也借此机会获得了巨大发展。在此过程中,我国形成了一批较为成功的工程机械企业,不但在国内市场站稳了脚跟,还具备了一定的在国际市场竞争的实力。2008年的经济危机,对全球的工程机械行业产生了巨大的冲击,也为我国的工程机械企业,带来了前所未有的机遇。获益于我国国内在2009年之后对基础设施和房地产的持续投资,我国的工程机械企业订单不断,行业规模不断扩大,至2016年,中国工程机械行业规模已达5000亿美元,产值居世界第二位,销售额居世界第一位。在这种情况下,许多企业开始将目光投向国际市场,并购一些处于困境中,但资质良好的企业。伴随着日渐增多的跨国并购案例的发生,跨国并购绩效如何,便自然而然地成为了企业主要关注的问题。本文以潍柴动力并购林德液压为例,通过研究并购对其市场绩效和财务绩效的影响,希望为其他业内企业在并购方面提供借鉴。本文采用理论研究和案例研究相结合的方法,归纳了并购、并购绩效以及并购绩效国内外研究现状,并介绍并购绩效的相关理论。在对潍柴动力并购林德液压进行介绍的基础上,对该并购案的市场绩效和财务绩效进行分析,得出了潍柴动力并购绩效如何的结论。文章在写作过程中,通过查阅潍柴动力历年的财务报表及使用万德数据库,获取了大量的数据和指标,并以此为基础对于该并购案例的市场绩效和财务绩效进行计算评估。通过对跨国并购的市场绩效、财务绩效及EVA绩效进行分析,发现此次并购的绩效良好。
[Abstract]:After the reform and opening up, China's infrastructure construction has also accelerated the pace, the construction machinery industry has also taken this opportunity to obtain tremendous development. In the process, China has formed a number of more successful construction machinery enterprises. Not only in the domestic market, but also has a certain strength of competition in the international market. In 2008, the economic crisis, the global construction machinery industry has a huge impact. It also brings unprecedented opportunities for construction machinery enterprises in our country. It benefits from the continuous investment in infrastructure and real estate after 2009, and the orders of construction machinery enterprises in our country keep on. In 2016, the scale of construction machinery industry in China has reached 500 billion US dollars, the output value ranks second in the world, and the sales volume ranks first in the world. In this case. Many enterprises began to look to the international market, mergers and acquisitions in a difficult situation, but good qualifications. With the increasing number of cross-border M & A cases, the performance of cross-border mergers and acquisitions. This paper takes Weichai Power M & A as an example to study the impact of M & A on its market performance and financial performance. We hope to provide reference for other enterprises in M & A. this paper summarizes the current situation of M & A, M & A performance and M & A performance at home and abroad by the method of combining theoretical research and case study. On the basis of the introduction of Weichai Power M & A Linde hydraulic, this paper analyzes the market performance and financial performance of the merger. In the process of writing, the paper obtains a large number of data and indicators by consulting the financial statements of Weichai Power and using the Wanda database. On this basis, the market performance and financial performance of the M & A case are calculated and evaluated. Through the analysis of the market performance, financial performance and EVA performance of cross-border M & A, it is found that the M & A performance is good.
【学位授予单位】：河北经贸大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.471;F271;F406.7

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