我国民营企业跨国并购问题研究

发布时间：2018-04-13 21:39

本文选题：跨国并购 + 民营企业　；参考：《河北大学》2017年硕士论文

【摘要】：随着全球第五次跨国并购浪潮的推进,我国企业为拓展国际市场,提高综合实力,跨国并购步伐逐渐加快,其中民营企业凭借自身实力的不断积聚,参与跨国并购积极性稳步提高,逐渐成为我国企业跨国并购的主体。然而,通过观察以往民营企业跨国并购案例可知,我国民营企业跨国并购还存在很多问题亟待解决,这些问题影响企业绩效的提高和我国经济的发展。因此,本文跟踪分析我国民营企业跨国并购问题具有重要的现实意义。本文在国内外研究基础上,采用文献分析法、定性和定量分析相结合的方法系统针对我国民营企业跨国并购动因、效果、影响因素、存在问题等进行分析研究。主要研究内容包括:一是分析梳理我国民营企业跨国并购的动因,并通过收集大量数据系统分析了我国民营企业跨国并购发展现状。二是采用经济增加值法(EVA)验证我国民营企业跨国并购绩效,结果显示短期内我国民营企业跨国并购绩效不理想。同时,利用最小二乘法进行多元线性回归,分析影响我国民营企业跨国并购绩效的因素,得出东道国管制、文化差异和企业自身盈利能力对我国民营企业跨国并购的影响较为显著的结论。三是在上述分析的基础上总结提出我国民营跨国并购目前主要存在法律风险、融资困难、文化冲突、并购盲目、人才匮乏等现实问题。四是针对这些问题提出具体的对策建议,以供民营企业跨国并购参考。本文针对民营企业跨国并购问题进行系统化研究,有助于推进我国企业健康发展和民营经济繁荣,丰富我国民营企业跨国并购的实证分析。
[Abstract]:With the promotion of the fifth wave of cross-border M & A in the world, in order to expand the international market and improve the comprehensive strength, the pace of cross-border M & A has been gradually accelerated, among which the private enterprises have been accumulating with their own strength.The enthusiasm of participating in transnational M & A has been improved steadily and gradually become the main body of transnational M & A of Chinese enterprises.However, by observing the past cases of transnational mergers and acquisitions of private enterprises, we can see that there are still many problems to be solved in cross-border mergers and acquisitions of private enterprises in China, which affect the improvement of enterprise performance and the development of our economy.Therefore, it is of great practical significance to trace and analyze the transnational M & A of private enterprises in China.Based on the research at home and abroad, this paper uses the method of literature analysis, qualitative analysis and quantitative analysis to analyze and study the causes, effects, influencing factors and existing problems of transnational mergers and acquisitions of private enterprises in China.The main research contents are as follows: first, it analyzes the causes of transnational M & A of private enterprises in China, and analyzes the development status of cross-border M & A of private enterprises in China by collecting a large number of data.The second is to verify the performance of transnational mergers and acquisitions of private enterprises in China by using the method of economic added value (EVA). The results show that the performance of cross-border mergers and acquisitions of private enterprises in China is not ideal in the short term.At the same time, using the least square method to carry on the multivariate linear regression, analyze the factors that affect the performance of transnational mergers and acquisitions of the private enterprises in our country, and draw the conclusion that the host country controls,The conclusion that the cultural differences and the profitability of the enterprises have a significant impact on the transnational M & A of private enterprises in China.Thirdly, on the basis of the above analysis, the author summarizes and points out that there are some practical problems such as legal risk, financing difficulty, cultural conflict, blind merger and acquisition, lack of talents and so on.Fourth, to counter these problems and put forward specific countermeasures for private enterprises to cross-border M & A reference.This paper makes a systematic study on transnational M & A of private enterprises, which is helpful to promote the healthy development of Chinese enterprises and the prosperity of private economy, and enrich the empirical analysis of transnational M & A of private enterprises in China.
【学位授予单位】：河北大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F271;F276.5

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