联想集团并购摩托罗拉移动的绩效研究

发布时间：2018-07-07 23:13

本文选题：联想集团 + 摩托罗拉移动　；参考：《辽宁大学》2017年硕士论文

【摘要】：在全球经济一体化的驱动下,并购成为每个行业中不可分割的组成部分。随着中国正式加入世贸组织,中国经济和世界经济实现全面接轨,中国企业也将身不由己的置身于全球并购浪潮中。2014年,中国企业参与的并购交易金额创下最高纪录达到3962亿美元。2015年,中国企业的并购交易总额继续上升,金额达到5688亿美元。2016年,企业并购重组的金额持续上升,达到了 2. 1万亿元。由此可以看出,近三年我国企业的并购金额不断增加,呈现较大的上升趋势。对于企业并购而言,并购后的绩效是一个关键指标。因为并购合同的签订不是并购过程的结束,而是一个新的开始。在判断一次并购是否成功的标准中,一个重要的标准就是是否产生了协同效应。并购协同效应理论在并购绩效发挥着重要作用,是衡量并购绩效的重要标准。2014年1月29日,联想集团宣布并购摩托罗拉移动,并购价款为29. 1亿美元。2014年10月30日,联想集团正式宣布完成对摩托罗拉移动的并购。本文对此次并购行为进行分析,共分为六部分。第一部分为绪论,主要阐述了论文的研究背景和意义、研究方法和主要内容。第二部分主要阐述了与并购绩效及其评价方法有关的相关概念和理论基础。第三部分对并购过程进行了具体阐述,主要介绍了联想集团和摩托罗拉移动的公司情况、并购的过程以及并购的结果。第四部分是对并购后绩效进行具体分析,采用长期绩效法对联想并购后的绩效进行分析。第五部分对联想集团并购后绩效下滑的原因进行具体分析。第六部分提出建议与启示。通过对联想集团并购摩托罗拉移动案例的研究,实现并购绩效理论与实践相结合,不仅促进已有理论的发展与完善,而且为企业并购绩效的提升提供借鉴意见。
[Abstract]:Driven by global economic integration, M & A has become an integral part of every industry. With China's formal accession to the World Trade Organization, China's economy is fully integrated with the world economy, and Chinese enterprises will be involuntarily caught in a wave of global mergers and acquisitions. In 2014, Chinese companies took part in a record $396.2 billion in mergers and acquisitions. In 2015, total M & A transactions continued to rise to $568.8 billion. In 2016, corporate mergers and acquisitions continued to rise to $2. 1 trillion yuan. From this, we can see that in recent three years, the M & A amount of enterprises in China has been increasing, showing a larger upward trend. For M & A, the performance after M & A is a key indicator. Because the signing of the M & A contract is not the end of the M & A process, but a new beginning. One of the most important criteria for judging the success of a merger is the synergy. M & A synergy theory plays an important role in M & A performance and is an important measure of M & A performance. January 29, 2014, Lenovo Group announced the acquisition of Motorola Mobility, the M & A price is 29. Lenovo Group officially announced the completion of its acquisition of Motorola Mobility on October 30, 2014. This article carries on the analysis to this merger and acquisition behavior, altogether divides into six parts. The first part is the introduction, mainly elaborated the research background and the significance, the research method and the main content. The second part mainly expounds the related concepts and theoretical basis related to M & A performance and its evaluation methods. The third part describes the process of M & A, mainly introduces the company situation of Lenovo Group and Motorola Mobility, the process of M & A and the results of M & A. The fourth part is the specific analysis of the performance after M & A, using the long-term performance method to analyze the performance of Lenovo after M & A. The fifth part analyzes the causes of the decline in the performance of Lenovo Group after M & A. The sixth part puts forward suggestions and enlightenment. Through the research on the case of Motorola Mobility acquisition by Lenovo Group, the theory of M & A performance is combined with the practice, which not only promotes the development and perfection of the existing theories, but also provides suggestions for the improvement of M & A performance.
【学位授予单位】：辽宁大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F271;F426.6

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