新兴铸管并购大连坤达财务评价

发布时间：2018-06-09 12:49

本文选题：企业并购 + 现金流量　；参考：《大连理工大学》2015年硕士论文

【摘要】：市场经济条件下,企业竞争日趋激烈,企业的合并、收购等交易活动频繁发生。企业并购的成功与否是企业关注的重点之一。市场环境的快速发展变化,使得企业在进行并购时,需要采用全面合理的方法和支持,保证企业并购能够达到预期的效果。本文以理论结合实际案例的方法,采用财务评价方法对被并购企业进行深入的财务分析,为企业并购决策的确定,并购的实施以及并购后的企业发展战略提供支持。本文研究的并购企业为经营业务基本相同的两家企业,同为钢管铸造企业。以实际企业并购案例中出现的问题为基础,理论结合实际,对问题进行深入分析,并提出相关的意见和决策方法。文章首先对新兴铸管有限公司对坤达铸铁管有限公司并购中涉及的财务评价问题进行详细的剖析和研究。以效率理论、市场势力理论等基本理论方法为指导,以财务评价方法、财务指标分析方法等为工具,对企业并购过程中的财务评价进行深入分析,并提出针对性的财务决策相关的指导意见。企业并购的宗旨是要提高企业的市场竞争力,从而提高企业的市场占有率,获得更多的企业收益。本文对企业并购前的企业财务相关内容进行分析评价,通过对企业资产负债、现金流量等财务指标进行分析,了解企业当前的经营状况：通过企业估值分析,了解企业并购的成本和获益；通过分析企业并购方式,帮助企业选择合理并购方案；通过分析企业并购后的综合效益,辅助企业的并购决策制定。企业并购的目标是提高企业的竞争力和收益,而能够帮助企业制定并购决策的有力支撑就是财务相关评价。本文通过详细深入的分析企业并购前的财务评价,企业并购成本等,为企业最终制定并购决策和并购方案,提供可参考的指导方法和建议。
[Abstract]:Under the market economy condition, the enterprise competition day by day intense, the enterprise merger, the acquisition and so on transaction activity frequently occurs. The success or not of M & A is one of the key points that enterprises pay close attention to. With the rapid development and change of the market environment, enterprises need to adopt comprehensive and reasonable methods and support in order to ensure that M & A can achieve the desired results. In this paper, the financial evaluation method is used to analyze the financial affairs of the M & A enterprises in order to provide support for the decision making of M & A, the implementation of M & A and the development strategy of the enterprises after M & A. The M & A enterprises studied in this paper are two enterprises with the same business, the same as the steel pipe foundry enterprises. Based on the problems in the case of mergers and acquisitions, this paper makes a thorough analysis of the problems, and puts forward the relevant opinions and decision-making methods. In this paper, the financial evaluation problems involved in the merger and acquisition of Kunda Iron Pipe Co., Ltd are analyzed and studied in detail. Under the guidance of efficiency theory, market power theory and other basic theories and methods, with the financial evaluation method and financial index analysis method as the tool, this paper makes a deep analysis of the financial evaluation in the process of enterprise merger and acquisition. And put forward targeted financial decisions related to the guidance. The purpose of M & A is to improve the market competitiveness of enterprises, thus increase their market share and gain more profits. This paper analyzes and evaluates the related contents of enterprise finance before M & A, analyzes the financial indexes such as assets and liabilities, cash flow and so on, and finds out the current business situation of the enterprise: through the analysis of enterprise valuation, To understand the cost and benefit of M & A; to help enterprises choose reasonable M & A plan by analyzing the mode of M & A; to assist the decision making of M & A by analyzing the comprehensive benefit of M A. The goal of M & A is to improve the competitiveness and income of the enterprise, and the financial evaluation is the strong support to help the enterprise to make the decision of M & A. Through the detailed and in-depth analysis of the financial evaluation before M & A and the cost of M & A, this paper provides the guiding methods and suggestions for enterprises to make the decision and plan of M & A.
【学位授予单位】：大连理工大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F426.4;F406.7

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