清華紫光收購(gòu)展訊通信并購(gòu)協(xié)同效應(yīng)研究
本文選題:并購(gòu) 切入點(diǎn):協(xié)同效應(yīng) 出處:《石河子大學(xué)》2017年碩士論文
【摘要】:2009年,國(guó)務(wù)院對(duì)有效指引我國(guó)十二五期間的產(chǎn)業(yè)發(fā)展,頒布了《關(guān)于十大產(chǎn)業(yè)調(diào)整振興規(guī)劃》!蛾P(guān)于十大產(chǎn)業(yè)調(diào)整振興規(guī)劃》明確指出:在國(guó)民經(jīng)濟(jì)的九大產(chǎn)業(yè)中,應(yīng)對(duì)龍頭企業(yè)的并購(gòu)和重組進(jìn)行政策扶持和支持。《規(guī)劃》對(duì)企業(yè)重組并購(gòu)的肯定,在很大程度上刺激了國(guó)內(nèi)中大型企業(yè)的并購(gòu)熱潮,且規(guī)模逐年擴(kuò)大。據(jù)統(tǒng)計(jì),僅2013年一年,我國(guó)就發(fā)生跨國(guó)并購(gòu)案99起。其中,并購(gòu)交易愈發(fā)復(fù)雜,并購(gòu)風(fēng)險(xiǎn)愈發(fā)加大。因此,對(duì)并購(gòu)可能發(fā)生的風(fēng)險(xiǎn)和可能帶來的協(xié)同效益進(jìn)行測(cè)算,對(duì)并購(gòu)所帶來的產(chǎn)出效益比進(jìn)行衡量,對(duì)于降低并購(gòu)風(fēng)險(xiǎn),客觀評(píng)價(jià)并購(gòu)結(jié)果,就顯得極其重要。這不但是企業(yè)并購(gòu)中亟需解決的問題,也是近年來我國(guó)理論界在并購(gòu)協(xié)同效應(yīng)方面研究的重點(diǎn)。本篇研究運(yùn)用并購(gòu)協(xié)同效應(yīng)相關(guān)理論和財(cái)務(wù)指標(biāo)研究法,結(jié)合清華紫光收購(gòu)展訊通信案例實(shí)際情況,通過切實(shí)分析,對(duì)清華紫光并購(gòu)展訊通信協(xié)同效應(yīng)進(jìn)行評(píng)價(jià),探索和研究清華紫光并購(gòu)展訊通信的案例啟示。本文對(duì)清華紫光收購(gòu)展訊通信案例并購(gòu)協(xié)同效應(yīng)的研究,將有利于豐富我國(guó)理論界和學(xué)術(shù)界關(guān)于企業(yè)并購(gòu)協(xié)同效應(yīng)的研究成果,也有利于對(duì)同類型企業(yè)的并購(gòu)提供借鑒。
[Abstract]:In 2009, the State Council promulgated the "Ten Industrial Adjustment and Revitalization Plan" to effectively guide the industrial development during the 12th Five-Year Plan of our country. The State Council clearly pointed out that among the nine major industries of the national economy, Policy support and support should be given to the mergers and acquisitions and reorganization of leading enterprises. The affirmation of the reorganization and merger of enterprises in the "Plan" has to a large extent stimulated the M & A boom of medium and large enterprises in China, and the scale has expanded year by year. According to statistics, it is only one year in 2013. There are 99 cross-border mergers and acquisitions in China. Among them, M & A transactions are becoming more complex and M & A risks are increasing. Therefore, the possible risks and potential synergistic benefits of M & A are measured. It is very important to measure the ratio of output and benefit brought by M & A to reduce the risk of M & A and to evaluate the result of M A objectively, which is not only a problem that needs to be solved in M & A. In recent years, it is also the focus of the research on the synergy effect of M & A in the theoretical circle of our country. This study applies the theory of synergy effect of M & A and the financial index research method, combining with the actual situation of the communication case of Tsinghua Ziguang acquisition, through the practical analysis. This paper evaluates the synergetic effect of Tsinghua Ziguang M & A exhibition communication, explores and studies the case inspiration of Tsinghua Ziguang M & A. It will be beneficial to enrich the research results of the synergy effect of M & A in the academic and theoretical circles of our country, and also to provide reference for the M & A of the same type of enterprises.
【學(xué)位授予單位】:石河子大學(xué)
【學(xué)位級(jí)別】:碩士
【學(xué)位授予年份】:2017
【分類號(hào)】:F271;F426.671
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