企业并购实例分析及启示

发布时间：2018-06-18 00:23

本文选题：企业并购 + 水泥企业　；参考：《对外经济贸易大学》2015年硕士论文

【摘要】：企业并购就是企业兼并或收购的统称。并购企业实现自身扩张和增长的一种方式,一般以企业产权作为交易对象,并以取得被并购企业的控制权作为目的,以现金、有价证券或者其他形式购买被并购企业的全部或者部分产权或者资产作为实现方式。企业并购实施后,被并购企业有可能会丧失法人资格,或者被并购企业法人资格保留,但是其控制权转移给并购方。并购理论产生于并购实践,反过来又指导和推动着并购实践的发展。近年来,随着我国社会主义市场经济体制的逐步建立,以及现代企业制度的确立,资本集中已经是企业进行外延扩大规模的内在要求,并购正是达到这种目的的一种选择。并购必须讲求经济效益,一项成功的企业并购活动,可产生扩大生产规模,增强对市场的控制能力,进入新行业或新市场等多种协同效应。在市场经济条件下的企业,作为一种特殊的商品,可在特定的市场(如产权交易市场,证券市场)上作为买卖的对象。我国目前许多企业经营不善,机制不活,规模偏小客观上给企业并购提供了可能。本文首先介绍了企业并购的有关理论,然后以企业并购过程控制与管理为切入点,采用实例论证的写法,从实战出发,通过对S水泥并购A水泥项目过程的实践研究,从项目的可行性、方案的操作实施、央企对并购项目的管理控制等方面进行了一些剖析,揭示企业并购过程中的必要的操作控制与运作方法:一是企业并购的可行性研究;二是企业并购方案的设计;三是并购过程的有效控制与风险防范;四是并购的运营控制。并通过对企业并购案例的探讨,归纳出企业进行并购所必须遵循的原则和企业并购成功的标志。成功的并购,能够实现企业间资源合理、有效的配置,使企业核心竞争能力得到巩固和发展。近年来,我国水泥行业产能过剩,市场需求饱和,作为典型传统行业的水泥行业,必须优化产业结构,因此水泥企业间的并购也将成为该行业的必然趋势。希望本文对在水泥企业并购过程中具体实施的控制管理,规范并购行为,起到一定的借鉴意义,并为企业并购提供有益的探索及思路。
[Abstract]:An enterprise merger or acquisition is the general name of an enterprise merger or acquisition. A way for a merger and acquisition enterprise to achieve its own expansion and growth, generally taking the property rights of an enterprise as the object of the transaction, and taking the control of a merged enterprise as a purpose, to purchase all or part of the property or assets of the merged enterprise in cash, securities, or other forms. After the implementation of the merger and acquisition, the merged enterprise may lose the legal person's qualification, or the company's legal person qualification is retained, but its control is transferred to the merger and acquisition party. The theory of merger and acquisition is produced in the practice of merger and acquisition, and in turn guides and promotes the development of M & a practice. In recent years, with the socialist market economy system in China The gradual establishment of the enterprise system and the establishment of the modern enterprise system, capital concentration has been an inherent requirement for the expansion of the scale of the enterprise. Merger and acquisition is a choice to achieve this purpose. M & a must be based on economic benefits. A successful merger and acquisition activity can produce a large scale of production, enhance the control of the market and enter a new line. Enterprises in the market economy, such as the market economy, as a special commodity, can be used as the target of buying and selling in the specific market (such as property rights trading market, securities market). Many enterprises in our country are not good at business, the mechanism is not alive and the scale is small objectively. This paper introduces the theory of enterprise merger and acquisition, then takes the process control and management of the process of merger and acquisition as the breakthrough point, using the example demonstration, starting from the actual combat, through the practice of the S cement M & a process of the cement project, from the feasibility of the project, the operation of the plan, the management and control of the M & A projects by the central enterprises. Analysis, reveal the necessary operation control and operation methods in the process of enterprise merger and acquisition: one is the feasibility study of enterprise merger and acquisition; two is the design of enterprise merger and acquisition scheme; three is the effective control and risk prevention in the process of merger and acquisition; four is the operation control of merger and acquisition. In recent years, China's cement industry has been overcapacity and the market demand is saturated. As a typical traditional industry, the cement industry has to optimize the industrial structure, so the cement enterprise has to be optimized. The inter industry merger will also be the inevitable trend of the industry. I hope this article will provide some useful reference for the concrete implementation of the merger and acquisition in the process of merger and acquisition in cement enterprises, and provide useful exploration and ideas for the merger and acquisition of enterprises.
【学位授予单位】：对外经济贸易大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F271;F426.71

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