AL公司并购UC公司的财务问题研究

发布时间：2018-03-04 17:02

本文选题：并购　切入点：动因分析　出处：《吉林财经大学》2017年硕士论文　论文类型：学位论文

【摘要】：如今我国的社会主义经济体制不断发展完善,企业的数量增多规模增大,互联网行业之间的竞争越来越大,作为互联网企业,如果想要在市场上有立足之地,就必须努力增强自身实力,而企业并购就是增强企业实力、竞争力的重要方式之一。2014年6月11日,AL公司以近50亿美元的高价收购UC公司,创中国互联网史上最大并购案。本文在国内外学者的研究基础上,深入分析了AL公司并购UC公司的财务问题。还原了AL公司并购UC公司的过程,介绍了AL公司和UC公司的公司概况并进行了动因分析,并且分析了并购过程中可能出现的财务问题,最后进行了并购后的绩效分析。AL公司并购UC公司的案例较为成功,因此对互联网企业的并购具一定借鉴与学习的意义。本文以企业自身的角度对AL公司并购财务问题形成机理进行分析,按照问题识别、衡量、控制的逻辑框架进行研究,在此基础上对AL公司并购财务问题进行了分析,并对结果进行了绩效分析。本文的研究内容主要为:第一部分是详细叙述了本文的研究背景、研究目的及意义,并对相关文献进行了整理,阐述了本文的研究思路以及全文的基本框架。第二部分在理论阐述中介绍了并购和并购中财务问题的分类,动因分析以及绩效分析中应用到的理论。第三部分对案例情况进行了详细的介绍,包括公司介绍与并购详细过程介绍。第四部分运用相关理论首先讨论并购动因,然后对AL公司并购UC公司存在的财务问题进行分析,主要分析UC公司的各项财务指标是否符合并购条件,以及AL公司是否有能力进行并购。最后根据财务数据,对AL公司并购后的财务状况进行了绩效分析,以此作为评价此次并购是否成功的依据。第五部分是总体的建议与结论,并对上文得出的结果进行思考,得出启示。根据以上方法,本文章沿着企业并购的整个过程依次探讨了并购中几个主要的财务问题。引入案例研究以验证所提出的理论和方法的适用性。在总结国内外企业并购理论的基础之上,分析得出财务问题是企业并购中的核心问题,合理且正确的分析并解决财务问题是企业并购的一大重点。
[Abstract]:At present, the socialist economic system of our country is constantly developing and improving, the number of enterprises is increasing and the scale of enterprises is increasing, and the competition among the Internet industries is increasing. As Internet enterprises, if they want to have a foothold in the market, We must strive to enhance our own strength, and M & A is one of the most important ways to enhance the strength and competitiveness of our enterprises. In June 11th 2014, our company purchased UC for nearly US $5 billion. On the basis of the research of domestic and foreign scholars, this paper deeply analyzes the financial problems of merger and acquisition of UC company by AL Company, and restores the process of merger and acquisition of UC Company by AL Company. This paper introduces the general situation of AL Company and UC Company, analyzes the causes, and analyzes the possible financial problems in the process of M & A. Finally, the paper analyzes the performance of the merger and acquisition of UC Company. The case of the merger and acquisition of UC Company by AL Company is more successful. Therefore, the M & A of Internet enterprises has a certain reference and learning significance. This paper analyzes the formation mechanism of financial problems of M & A in AL Company from the perspective of enterprises themselves, and studies the logical framework of problem identification, measurement and control. On this basis, the financial problems of merger and acquisition of AL Company are analyzed, and the results are analyzed. The main contents of this paper are as follows: the first part describes the background, purpose and significance of the research in detail. The second part introduces the classification of financial problems in M & A and M & A in theory. The third part introduces the case in detail, including the introduction of company and the detailed process of merger and acquisition. Part 4th uses the relevant theory to discuss the motivation of M & A. Then it analyzes the financial problems existing in the merger and acquisition of UC Company by AL Company, mainly analyzes whether the financial indexes of UC Company meet the requirements of M & A, and whether AL Company is able to conduct M & A. Finally, according to the financial data, This paper analyzes the financial situation of AL Company after merger and acquisition, which is used as the basis for evaluating the success of this merger. 5th part is the overall suggestion and conclusion, and the results obtained above are considered. Draw inspiration. According to the above method, Following the whole process of M & A, this paper discusses several major financial problems in M & A. case study is introduced to verify the applicability of the proposed theory and method. On the basis of summarizing the theory of M & A at home and abroad, It is concluded that financial problems are the core problems in M & A, and a reasonable and correct analysis and solution of financial problems is a major focus of M & A.
【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】：F271;F724.6;F715.5

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