万洲国际并购史密斯菲尔德的市场绩效和财务绩效案例分析

发布时间：2018-08-10 18:39

【摘要】：2013年,是中国企业跨国并购的爆发年,历经多年的累积,更多的企业愿意通过选择并购的方式来拓展海外市场、完善供应链等目标来完成企业的战略化进程,但是伴随着高昂的成本、水土不服的一些问题慢慢浮现出来,也有更多人开始质疑,并购是否会给企业带来预期效果,实施战略化进程的同时实现股东财富最大化亦或者是企业之后是否会得到长期稳健的发展。正是在这种质疑声下,本文选取了万洲国际并购史密斯菲尔德的案例,通过分析并购后的市场绩效和财务绩效来衡量并购时候增加了企业绩效。之所以选择万洲国际是因为此次的并购意图是双汇集团借助万洲国际来进行并购来完善自己的产业链,也是双汇发生食品安全事件之后的重大举措,并且双汇在食品行业中的巨头地位以及双汇的食品与我们息息相关。并购之后万洲的股价以及财务绩效是我们的研究重点,来判断此次并购对万洲国际的影响是正或者是负,并且根据分析计算的结果来论述并购结果以及根据结果来提出对万洲国际并购之后的建议并且以此为例,给我国企业的海外并购提供一些宝贵的借鉴。
[Abstract]:The year 2013 is the outbreak year of cross-border mergers and acquisitions of Chinese enterprises. After years of accumulation, more and more enterprises are willing to expand overseas markets and improve supply chains to complete the strategic process of enterprises by choosing the way of mergers and acquisitions. However, with the high cost, some problems that are not acceptable to the local people have emerged slowly, and more people are beginning to question whether mergers and acquisitions will bring the expected results to the enterprises. The implementation of the strategic process at the same time to maximize shareholder wealth or whether after the enterprise will get long-term steady development. It is under this kind of doubt that this paper selects the case of Smithfield of Wanzhou International M & A, and measures the performance of M & A by analyzing the market performance and financial performance after M & A. The reason for choosing Wanzhou International is that the intention of this merger and acquisition is for Shuanghui Group to complete its own industrial chain with the aid of Wanzhou International, and it is also a major move after the food safety incident in Shuanghui. And Shuanghui in the food industry in the status of the giant and Shuanghui food and we are closely linked. The stock price and financial performance of Wanzhou after the merger and acquisition are our research focus, to judge whether the impact of the merger and acquisition on Wanzhou International is positive or negative. And according to the results of analysis and calculation to discuss the results of mergers and acquisitions and according to the results to put forward to the Wanzhou International M & A recommendations and take this as an example to provide some valuable reference for the overseas M & A of Chinese enterprises.
【学位授予单位】：延边大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F271;F275;F279.26

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