中国汽车企业跨国并购风险防范研究

发布时间：2018-01-29 14:47

本文关键词： 中国汽车企业跨国并购风险识别风险防范　出处：《山西财经大学》2013年硕士论文　论文类型：学位论文

【摘要】：在经济全球化与中国入世背景下，中国汽车企业积极参与到全球生产要素的分配与转移过程中，顺应全球产业转移与产业结构调整的趋势。中国汽车企业去国外实施跨国并购活动，积极寻求先进的技术与知识产权等国外优势资产。2008年金融危机后，欧美等发达国家汽车市场低迷，，一些发达国家优秀的汽车品牌陷入困境，中国汽车企业审时度势主动出击进行海外汽车抄底，涌现出了大批国有与民企汽车企业跨国并购的身影，谋求长远利益，取得了阶段性的成功。但是，中国汽车企业海外并购活动正处于初级阶段，海外并购成功率并不高，提高中国汽车企业防范跨国并购风险的能力，增强其国际化运营竞争力迫在眉睫。本文运用跨国并购理论，参考中国汽车企业十年来海外并购案例，针对中国汽车企业的现状进行了详细分析，特别指出了在海外并购的决策前、实施中、整合后各个阶段，存在东道国政治法律、工会组织、目标企业定价、财务风险、资源整合中企业文化、人力资源、运营方面的整合风险，并对各种风险进行了事例论证。借鉴美国三大汽车企业跨国并购扩张的经验，本文提出中国汽车企业要提高海外并购成功率，增强国际竞争力。就必须要提高海外并购风险防范能力，提高政府与中介组织的服务功能，对东道国及目标企业进行深入全面调查，全面防范政治法律、工会组织、财务风险，重视并购后企业文化、人力、经营资源的整合，储备具备国际化运营能力的专业人才。
[Abstract]:Under the background of economic globalization and China's entry into WTO, Chinese automobile enterprises actively participate in the distribution and transfer of global production factors. In line with the trend of global industrial transfer and industrial structure adjustment, Chinese automobile enterprises go abroad to implement cross-border mergers and acquisitions, actively seek advanced technology and intellectual property rights and other foreign advantage assets. After the financial crisis in 2008. Europe and the United States and other developed countries in the automotive market downturn, some developed countries excellent automobile brands in trouble, Chinese auto enterprises to take the initiative to take the initiative to take the opportunity to take the bottom of overseas cars. A large number of state-owned and private-owned automobile enterprises have emerged to seek long-term benefits and achieved periodic success. However, the overseas M & A activities of Chinese automobile enterprises are in the initial stage, and the success rate of overseas M & A is not high, which improves the ability of Chinese automobile enterprises to guard against the risk of cross-border M & A. It is urgent to enhance the competitiveness of its international operation. This paper applies the theory of cross-border M & A, referring to the overseas M & A cases of Chinese automobile enterprises over the past ten years, and makes a detailed analysis of the current situation of Chinese automobile enterprises. In particular, it points out that there are political law, trade union organization, target enterprise pricing, financial risk, corporate culture and human resources in the process of overseas M & A before, in implementation and after integration. Based on the experience of the three major automobile enterprises in the United States, this paper puts forward that the Chinese automobile enterprises should improve the success rate of overseas mergers and acquisitions. To enhance international competitiveness, we must improve the risk prevention ability of overseas mergers and acquisitions, improve the service function of the government and intermediary organizations, conduct a thorough and comprehensive investigation of the host country and target enterprises, and comprehensively guard against political law. Trade union organization, financial risk, pay attention to the integration of corporate culture, manpower and management resources after M & A, reserve professional talents with international operation ability.
【学位授予单位】：山西财经大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F271;F426.471

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