并购重组对航空公司国际竞争力的影响

发布时间：2018-01-04 22:17

本文关键词：并购重组对航空公司国际竞争力的影响　出处：《财会月刊》2015年35期 　论文类型：期刊论文

【摘要】：我国企业正处于全球并购重组浪潮之中,本文在构建航空公司国际竞争力评价体系基础上,以1980~2014年国内外航空公司为样本实证分析了并购重组对航空公司国际竞争力的影响。研究发现:负面机会的拯救型并购会大大增加并购方的讨价还价能力,在极端的情况下甚至实现零代价的收购;控制程度直接影响整合能力,高股权比例可以产生顺从和效率;跨国并购显著影响航空公司的国际竞争力,因地域带来的差异需要并购方一定时间来消化;股权收购与国际竞争力的提升不具备统计意义上的相关性,航空公司的股权并购会因其需要而左右并购方式。
[Abstract]:Chinese enterprises are in the wave of global M & A and reorganization. This paper is based on the evaluation system of airlines' international competitiveness. Taking domestic and foreign airlines as samples from 1980 to 2014, this paper analyzes the impact of M & A on airlines' international competitiveness. The saving M & A with negative opportunities will greatly increase the bargaining power of the M & A parties. In extreme cases even to achieve a zero-cost acquisition; The degree of control directly affects the ability of integration, and high equity ratio can produce compliance and efficiency; Cross-border M & A has a significant impact on the international competitiveness of airlines, because of regional differences, M & A parties need a certain amount of time to digest; There is no statistical correlation between equity acquisition and the improvement of international competitiveness. The ownership M & A of airlines will influence the mode of M & A because of its need.
【作者单位】：中国民航大学经济与管理学院;
【分类号】：F562.6;F271
【正文快照】： 一、引言到目前为止,世界大企业的兼并重组趋势已经出现六次。过去十年,我国已逐步进入大企业时代。在新常态下,大企业的重组是世界经济趋势的延续和发展。特别是十八届三中全会后,从大型国企到中小型民企都开启了一系列的并购重组活动。民航运输业属于我国重要的战略产业,随

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