我国企业跨国并购绩效的文化影响因素研究

发布时间：2018-05-18 06:17

本文选题：跨国并购绩效 + 文化影响因素　；参考：《北京工业大学》2015年硕士论文

【摘要】：近年来,中国企业跨国并购活动非常活跃,文化距离问题使得跨国并购充满挑战,如何识别文化风险,并缩短文化距离,从而提升跨国并购绩效已成为亟待解决的问题。本研究基于沙因模型和ASA模型,首先使用文本挖掘法,以文化特征最为显著的中法葡萄酒类企业跨国并购事件为关键字从中法两国的新闻报道、评论和研究报告等媒体符码中收集文本源,结合文献研究法,发掘影响跨国并购绩效的文化距离因素,并将其量化,接着运用实证研究法,以我国上市公司在2002-2012年发生的跨国并购事件为研究样本,检验文化距离因素对跨国并购绩效的影响作用,探讨企业成熟度、控制权程度和种群密度等调节因素在缩短文化距离方面的积极作用。首先,本研究选取中国企业并购法国葡萄酒企业的并购事件为关键字,搜集中法两国关于葡萄酒类企业并购的报道、评论和研究文献等媒体符码,并运用文本挖掘法进行处理,研究发现民族文化距离、组织文化距离和文化距离认知程度会显著影响跨国并购绩效。接着,本研究整理我国上市公司在2002-2012年发生的跨国并购事件为研究样本,结合文献研究法,将运用文本挖掘法得出的文化距离和文化距离认知程度等因素进行量化,并运用实证研究法检验其对跨国并购绩效的影响作用,研究发现,民族文化距离和组织文化距离均会对跨国并购绩效产生显著负向影响,同时随着二者的认知程度的提高,可以提升跨国并购绩效。最后,为了探索弱化文化距离因素对跨国并购绩效的不利影响的整合策略,本研究探索了企业成熟度、控制权程度和种群密度等调节因素对跨国并购绩效和文化距离因素关系的调节作用,研究发现,这三者均可显著减弱民族文化距离因素和组织文化距离因素对跨国并购绩效的负向影响,从而为企业制定跨国并购策略提供决策依据。
[Abstract]:In recent years, transnational M & A activities of Chinese enterprises are very active, cultural distance makes cross-border M & A full of challenges, how to identify cultural risks and shorten cultural distance, so as to improve the performance of cross-border M & A has become an urgent problem to be solved. Based on the Shain model and the ASA model, this study firstly uses text mining method to report from China and France with the keyword of cross-border M & A events of Chinese and French wine enterprises, which have the most prominent cultural characteristics. The text sources are collected from the media codes such as reviews and research reports, and the cultural distance factors that affect the performance of cross-border M & A are explored in combination with the literature research method, and then the empirical research method is used to quantify the cultural distance factors that affect the performance of cross-border mergers and acquisitions. Taking the transnational M & A events of listed companies in China from 2002 to 2012 as the research samples, this paper examines the influence of cultural distance factors on the performance of cross-border mergers and acquisitions, and probes into the maturity of enterprises. Degree of control and population density play a positive role in shortening cultural distance. First of all, this study selects the M & A event of Chinese enterprises in French wine enterprises as the key word, collects the reports, reviews and research documents on the M & A of wine enterprises between China and France, and applies text mining method to deal with it. It is found that the cognitive level of national cultural distance, organizational cultural distance and cultural distance will significantly affect the performance of cross-border M & A. Then, this study collates the transnational M & A events of listed companies in our country from 2002 to 2012 as the research sample, combining the literature research method, quantifies the cultural distance and the cultural distance cognition degree obtained by the text mining method, and so on. Using the empirical research method to test its impact on the performance of cross-border mergers and acquisitions, the study found that the distance between national culture and organizational culture will have a significant negative impact on the performance of cross-border mergers and acquisitions, and at the same time, with the improvement of their cognitive level. Can improve the performance of cross-border mergers and acquisitions. Finally, in order to explore the integration strategy of weakening the negative impact of cultural distance factors on the performance of cross-border mergers and acquisitions, this study explores the maturity of enterprises. The regulatory factors, such as degree of control and population density, regulate the relationship between cross-border M & A performance and cultural distance. These three factors can significantly weaken the negative influence of the national cultural distance factor and the organizational cultural distance factor on the performance of transnational M & A, thus providing the decision basis for the enterprise to formulate the transnational M & A strategy.
【学位授予单位】：北京工业大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F271;F416.82

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