我国制造业跨国并购动因识别

发布时间：2019-03-08 22:27

【摘要】：伴随着经济全球化的深入,我国制造业通过逐步实现跨国并购走向经济全球化.因此,跨国并购是我国制造业实现对外投资的主要方式。虽然我国目前的经济总量仅次于美国,但从权威机构发布的数据可知,目前中国制造业跨国并购公司的数量并不高,且制造业整体的并购质量及水平偏低。当然,同时我们也应看到,随着我国经济的飞速发展,我国进出口顺差数额加大带来的我国外汇储备量的激增,这种现象为我国制造业跨国并购提供了资产支持。本文先简要回顾了西方跨国并购理论及相关的跨国并购动因理论,又根据相关的案例及数据,对我国制造业跨国并购的现状进行分析总结,在结合我国制造业跨国并购发展历程的基础上,具体分析了中国制造业跨国并购目前存在的主要问题。第四、五部分是本文论述的重点,分别从我国制造业跨国并购的内部动因及外部因素进行详细解析。外部动因的分析方法是,运用1994-2012年间我国制造业跨国并购额、人均GDP、外汇储备额以及出口额的宏观经济数据,绘制趋势分析图。从趋势图的走势分析可知,人均GDP、外汇储备以及出口规模都与中国制造业进行跨国并购额都具有正相关的关系。从企业层面进行分析,是本文对我国制造业跨国并购的内部动因分析法。先结合西方现有的跨国并购动因理论,对企业获得国外资源、学习先进技术、实现多元化经营、规避贸易壁垒等自身内部动因进行阐述,接着分析联想集团并购IBM案例,对我国制造业跨国并购内部动因的分析提供了案例支持。最后,本文的写作目的是,在我国制造业跨国并购内、外部动因分析的基础上,结合前文提出的中国制造业跨国并购现存的主要问题,分别从政府和企业层面提出了相关的对策建议,如政府金融支持、国家技术援助和企业人才的培养等各个方面。
[Abstract]:With the deepening of economic globalization, China's manufacturing industry gradually realizes cross-border mergers and acquisitions towards economic globalization. Therefore, cross-border M & A is the main way to realize foreign investment in China's manufacturing industry. Although the total economic volume of China is second only to the United States at present, according to the data released by authoritative organizations, the number of transnational M & A companies in China's manufacturing industry is not high at present, and the quality and level of M & A in the manufacturing industry as a whole are on the low side. Of course, at the same time, we should also see that with the rapid development of China's economy, the increase of China's import and export surplus brought about the surge of China's foreign exchange reserves, this phenomenon provides asset support for China's manufacturing cross-border mergers and acquisitions. This paper briefly reviews the western cross-border M & A theory and the related theories of the motivation of cross-border M & A, and then, according to the relevant cases and data, analyzes and summarizes the current situation of transnational M & A in China's manufacturing industry. Based on the development process of China's manufacturing cross-border M & A, this paper analyzes the main problems existing in China's manufacturing cross-border M & A. The fourth, the fifth part is the focus of this paper, respectively from the internal causes and external factors of China's manufacturing cross-border M & A are analyzed in detail. The analysis method of external motivation is to draw the trend analysis chart by using the macroeconomic data of China's manufacturing cross-border M & A, per capita GDP, foreign exchange reserve and export during 1994-2012. From the trend chart analysis, it can be seen that the per capita GDP, foreign exchange reserves and export scale have a positive correlation with the amount of cross-border M & A in China's manufacturing industry. The analysis from the enterprise level is the internal motivation analysis method of China's manufacturing cross-border M & A. Based on the existing theory of motivation of cross-border M & A in the West, this paper expounds the internal motivation of enterprises in obtaining foreign resources, learning advanced technology, realizing diversification, avoiding trade barriers and so on, and then analyzes the case of M & A IBM of Lenovo Group. This paper provides case support for the analysis of internal causes of cross-border M & A in China's manufacturing industry. Finally, the purpose of this paper is to analyze the external causes in China's manufacturing cross-border M & A, combined with the main existing problems of China's manufacturing cross-border M & A, which was put forward earlier. From the level of government and enterprise, some suggestions are put forward, such as government financial support, national technical assistance and the cultivation of enterprise talents and so on.
【学位授予单位】：天津财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F271;F425

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