中国平安并购深发展银行协同效应研究

发布时间：2018-05-26 01:35

本文选题：中国平安 + 深发展银行　；参考：《安徽财经大学》2017年硕士论文

【摘要】：随着经济全球化的发展,欧美发达国家的金融企业通过并购快速开启了混业经营模式,欧美国家混业并购的结果证明,混业经营在降低经营风险、增加收入来源等多方面优于单一经营模式,混业经营已经显现出它独特的优势,混业经营模式势必成为金融企业的主流运营方式。国际金融领域的竞争愈加激烈,我国金融机构必须适应时代发展的浪潮,及时调整自己的经营模式才能屹立于世界经济之林,我国金融企业开始纷纷踏上混业经营之路,中国平安是国内首家开创混业经营模式的综合金融集团。2003年经保监会和国务院批准,正式成立“中国平安保险股份有限公司”,创立之初的中国平安是一家保险公司,为适应经济发展趋势,中国平安开启了混业经营之路,立志将自己打造成一家以保险为核心,并汇集银行、投资、咨询等项目的大型一站式综合金融集团。2009年6月中国平安对外宣布并购深发展开始到2012年6月完成所有的并购法律程序。此次并购从并购金额、并购双方行业性质和规模、并购目的来看,都具有典型性,在并购史上留下浓墨重彩的一笔。这次并购是否成功,是否达到目的,本文对此进行了深入分析研究。协同效应是否形成是评判一次并购是否成功的标准。本文首先回顾了并购的动机理论和协同效应的基本理论,再结合中国平安并购深发展银行的具体实例,先阐述此次案例的特点,主要包括双方企业简介、并购特征、动因和步骤,其次对中国平安并购深发展银行整合过程中遇到的问题及解决方式进行探讨;最后将协同效应细分为五个层次深入分析此次并购的效果。在数据选取方面,选取企业并购前后几年的监管和财务数据进行统计分析,在数据分析方方法上,采用企业并购前后的数据进行纵向对比与并购后企业与同业水平进行横向对比的方式,得出此次并购产生协同效应的结论,最后结合具体实例对金融企业如何在并购中最大程度地形成协同效应提出合理建议。
[Abstract]:With the development of economic globalization, the financial enterprises in developed countries in Europe and the United States have rapidly opened the mode of mixed operation through mergers and acquisitions. The results of mixed mergers and acquisitions in Europe and the United States have proved that mixed operations are reducing the risk of operation. Increasing the source of income is superior to the single business model in many aspects. The mixed operation has shown its unique advantages, and the mixed operation mode is bound to become the mainstream operation mode of financial enterprises. The competition in the field of international finance is becoming more and more fierce. Our financial institutions must adapt to the tide of the development of the times and adjust their management mode in time to stand erect in the forest of the world economy. The financial enterprises of our country have begun to embark on the road of mixed operation one after another. China Ping an is the first comprehensive financial group in China to create a mixed business model. With the approval of the Insurance Regulatory Commission and the State Council in 2003, China Ping an Insurance Co., Ltd. was formally established. At the beginning of its establishment, China Ping an was an insurance company. In order to adapt to the trend of economic development, China Ping an has opened the road of mixed operation, determined to build itself into an insurance company with the core of insurance, and to pool banks and investments. Consulting and other projects of the large one-stop integrated financial group. In June 2009 China Ping an announced the deep development of mergers and acquisitions to complete all legal procedures for mergers and acquisitions in June 2012. The M & A is typical in terms of the amount of M & A, the nature and scale of M & A industry and the purpose of M & A. This article has carried on the thorough analysis and research to whether the M & A is successful or not. Whether the synergy effect is formed is the criterion to judge the success of a merger. This paper first reviews the motivation theory of M & A and the basic theory of synergistic effect, and then, combining with the concrete examples of China Ping an M & A Deep Development Bank, expounds the characteristics of this case, mainly including the brief introduction of both sides, the characteristics of M & A. Secondly, the paper discusses the problems and solutions in the process of deep development bank merger and acquisition of China Ping an Bank. Finally, the synergy effect is divided into five levels to analyze the effect of the merger and acquisition in depth. In the aspect of data selection, the supervision and financial data before and after mergers and acquisitions are selected for statistical analysis. Using the data before and after M & A to carry on the longitudinal contrast and the horizontal comparison between the enterprise and the same level after M & A, the conclusion that the M & A has synergistic effect is obtained. Finally, some reasonable suggestions on how to form synergistic effect in M & A of financial enterprises are put forward.
【学位授予单位】：安徽财经大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F271;F832.39

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