中國工商銀行海外并購分析
發(fā)布時間：2018-09-17 15:04
【摘要】：中國工商銀行自2006年成功上市以來,在世界金融市場上一直占據(jù)著領(lǐng)先地位,但一方面隨著國內(nèi)金融市場的逐漸飽和,另一方面國際金融機構(gòu)不斷海外擴張,占據(jù)海外市場,迫使中國工商銀行必須通過“走出去”戰(zhàn)略來擴大自身的市場規(guī)模,增強自身在國際上的領(lǐng)先地位,同時學(xué)習(xí)國際金融機構(gòu)的先進理念,保持與時俱進。因而本文通過研究中國工商銀行的海外并購行為,說明海外并購對工商銀行的績效、經(jīng)營效率以及股東財富的影響。同時通過分析工商銀行在防控風(fēng)險和制定金融戰(zhàn)略方面的經(jīng)驗,從而為中資銀行的海外并購提供一些可行性建議。本文在對工商銀行海外并購行為分析的過程中,首先回顧關(guān)于銀行并購的國內(nèi)外文獻,然后結(jié)合理論分析對工商銀行的海外并購動機、戰(zhàn)略以及現(xiàn)狀做了具體分析;其次利用“股權(quán)收益率模型”對工商銀行并購績效做具體的實證分析,同時結(jié)合“案例分析法”和“業(yè)績比較法”對工商銀行在并購前后資產(chǎn)質(zhì)量以及風(fēng)險防控能力方面作對比,來說明海外并購對工商銀行的作用和影響。本文的研究結(jié)果表明:工商銀行采取控股權(quán)的并購方式、并購目標的選擇方法、并購之后的整合以及風(fēng)險防控措施使得其在海外并購之后的績效、經(jīng)營效率以及股東財富普遍好于并購之前,說明了工商銀行的海外并購取得了很大成功,其并購行為對中資銀行的海外擴張也具有很大的借鑒意義。
[Abstract]:Industrial and Commercial Bank of China (ICBC) has occupied a leading position in the world financial market since its successful listing in 2006. On the one hand, with the gradual saturation of the domestic financial market, on the other hand, the international financial institutions continue to expand overseas and occupy the overseas market. Industrial and Commercial Bank of China must expand its market scale through "going out" strategy, strengthen its leading position in the world, and learn the advanced ideas of international financial institutions and keep pace with the times. Therefore, this paper studies the overseas M & A behavior of ICBC, and explains the impact of overseas M & A on ICBC's performance, management efficiency and shareholder wealth. At the same time, through the analysis of ICBC's experience in preventing and controlling risks and formulating financial strategies, it provides some feasible suggestions for overseas mergers and acquisitions of Chinese banks. In the course of analyzing the behavior of overseas M & A of ICBC, this paper first reviews the domestic and foreign literature on M & A, and then makes a concrete analysis of the motivation, strategy and present situation of overseas M & A of ICBC in combination with theoretical analysis. Secondly, the paper makes a concrete empirical analysis on the performance of ICBC M & A by using the equity return model. At the same time, the paper compares ICBC's asset quality and risk prevention and control ability before and after M & A with "case Analysis" and "performance comparison method" to explain the effect and influence of overseas M & A on ICBC. The results of this paper show that ICBC adopts controlling equity M & A, M & A target selection, integration after M & A and risk control measures to make ICBC's performance after overseas M & A. Management efficiency and shareholder wealth are generally better than before M & A, which shows that ICBC has achieved great success in overseas mergers and acquisitions, and its M & A behavior has great significance for overseas expansion of Chinese banks.
【學(xué)位授予單位】：首都經(jīng)濟貿(mào)易大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2015
【分類號】：F832.33
本文編號：2246288
[Abstract]:Industrial and Commercial Bank of China (ICBC) has occupied a leading position in the world financial market since its successful listing in 2006. On the one hand, with the gradual saturation of the domestic financial market, on the other hand, the international financial institutions continue to expand overseas and occupy the overseas market. Industrial and Commercial Bank of China must expand its market scale through "going out" strategy, strengthen its leading position in the world, and learn the advanced ideas of international financial institutions and keep pace with the times. Therefore, this paper studies the overseas M & A behavior of ICBC, and explains the impact of overseas M & A on ICBC's performance, management efficiency and shareholder wealth. At the same time, through the analysis of ICBC's experience in preventing and controlling risks and formulating financial strategies, it provides some feasible suggestions for overseas mergers and acquisitions of Chinese banks. In the course of analyzing the behavior of overseas M & A of ICBC, this paper first reviews the domestic and foreign literature on M & A, and then makes a concrete analysis of the motivation, strategy and present situation of overseas M & A of ICBC in combination with theoretical analysis. Secondly, the paper makes a concrete empirical analysis on the performance of ICBC M & A by using the equity return model. At the same time, the paper compares ICBC's asset quality and risk prevention and control ability before and after M & A with "case Analysis" and "performance comparison method" to explain the effect and influence of overseas M & A on ICBC. The results of this paper show that ICBC adopts controlling equity M & A, M & A target selection, integration after M & A and risk control measures to make ICBC's performance after overseas M & A. Management efficiency and shareholder wealth are generally better than before M & A, which shows that ICBC has achieved great success in overseas mergers and acquisitions, and its M & A behavior has great significance for overseas expansion of Chinese banks.
【學(xué)位授予單位】：首都經(jīng)濟貿(mào)易大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2015
【分類號】：F832.33
【參考文獻】
相關(guān)期刊論文 前3條
1 宋煥政;;論企業(yè)海外并購的國家風(fēng)險及其控制[J];金融法苑;2008年03期
2 孫伯銀;;國內(nèi)銀行國際化的機遇和挑戰(zhàn)[J];農(nóng)村金融研究;2008年08期
3 張學(xué)超;宣國良;;銀行并購的風(fēng)險分析[J];統(tǒng)計與決策;2007年03期
，本文編號：2246288
本文鏈接：http://sikaile.net/guanlilunwen/huobilw/2246288.html
最近更新
教材專著
