中国平安集团并购深发展银行协同效应分析

发布时间：2018-06-06 12:42

本文选题：平安集团 + 协同效应　；参考：《华南理工大学》2014年硕士论文

【摘要】：混业经营已成为当前金融行业发展的主流方向。为了应对全球化带来的挑战，提高中国金融企业在全球市场的竞争力，中国国内一些金融企业开始尝试金融集团制的混业经营模式。创设之初的财产保险公司——中国平安，在2003年获得了国务院和保监会批准，成立“中国平安保险（集团）股份有限公司”，从此开启了混业经营之路，成为国内第一家以保险为核心的，融证券、信托等多元服务为一体的金融集团公司。从2009年6月平安集团对外宣布并购深圳发展银行，到2012年6月14日深圳发展银行正式发布公告：深圳发展银行已经完成吸收合并平安银行的所有法律手续。自此深圳发展银行和平安银行合并为一家银行，为这项里程碑式的并购案画上了一个句号。此项并购不管从并购双方的企业规模及并购金额，，还是从并购所带给中国金融业的影响看，其意义影响深远。企业并购是否产生协同效应，是我们判断并购是否成功的一个重要标志。本文通过对平安集团并购深发展银行这一案例的协同效应进行分析，以期望对此次收购做出一个阶段性的评价。本文运用弗雷德的理论，将协同效应分为财务协同、经营协同以及管理协同三个层面，并主要运用并购前三年（2008年-2010年）和后三年（即2011年-2013年）的财务和监管指标——如营业利润、存款、非利息收入、资本充足率、核心资本充足率等数据——进行统计分析。通过并购前后数据的对比以及平安银行与华夏、光大银行及银行业的相关数据的对比我们发现，截止到2013年止，平安集团并购深发展银行整体协同效应为正，平安集团对原平安银行和深发展的整合比较有效。
[Abstract]:Mixed operation has become the mainstream direction of the development of the current financial industry. In order to meet the challenge of globalization and improve the competitiveness of Chinese financial enterprises in the global market, some domestic financial enterprises began to try the mixed operation mode of financial group system. China Ping an, a property insurance company founded at the beginning of its existence, was approved by the State Council and the Insurance Regulatory Commission in 2003 to set up China Ping an Insurance (Group) Co., Ltd., which has since opened the road of mixed operation. To become the first insurance as the core, securities, trust and other multiple services as one of the financial group companies. From June 2009 Ping an Group announced the acquisition of Shenzhen Development Bank to June 14 2012 Shenzhen Development Bank officially announced that Shenzhen Development Bank has completed all the legal procedures to absorb the merger of Ping an Bank. Since then, Shenzhen Development Bank and Ping an Bank have merged into a single bank, putting an end to the landmark merger. The M & A has far-reaching significance not only in terms of the size and amount of M & A, but also the impact of M & A on China's financial industry. It is an important symbol for us to judge the success of M & A. This paper analyzes the synergetic effect of Ping an Group merger and acquisition of Shenzhen Development Bank in order to make a stage evaluation of the acquisition. Based on Fred's theory, this paper divides synergy into three levels: financial synergy, management synergy and management synergy. And mainly use the financial and regulatory indicators of the first three years (2008-2010) and the last three years (2011-2013) of M & A, such as operating profit, deposits, non-interest income, capital adequacy ratio, core capital adequacy ratio and so on, for statistical analysis. Through the comparison of data before and after M & A and the correlation data between Ping an Bank and Huaxia, Everbright Bank and the banking industry, we find that as of 2013, the overall synergy effect of Ping an Group merger and acquisition of Deep Development Bank is positive. Ping an Group to the former Ping an Bank and the integration of deep development is more effective.
【学位授予单位】：华南理工大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F271;F832.31;F832.3

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