【摘要】：中國(guó)工商銀行自2006年成功上市以來(lái),在世界金融市場(chǎng)上一直占據(jù)著領(lǐng)先地位,但一方面隨著國(guó)內(nèi)金融市場(chǎng)的逐漸飽和,另一方面國(guó)際金融機(jī)構(gòu)不斷海外擴(kuò)張,占據(jù)海外市場(chǎng),迫使中國(guó)工商銀行必須通過(guò)“走出去”戰(zhàn)略來(lái)擴(kuò)大自身的市場(chǎng)規(guī)模,增強(qiáng)自身在國(guó)際上的領(lǐng)先地位,同時(shí)學(xué)習(xí)國(guó)際金融機(jī)構(gòu)的先進(jìn)理念,保持與時(shí)俱進(jìn)。因而本文通過(guò)研究中國(guó)工商銀行的海外并購(gòu)行為,說(shuō)明海外并購(gòu)對(duì)工商銀行的績(jī)效、經(jīng)營(yíng)效率以及股東財(cái)富的影響。同時(shí)通過(guò)分析工商銀行在防控風(fēng)險(xiǎn)和制定金融戰(zhàn)略方面的經(jīng)驗(yàn),從而為中資銀行的海外并購(gòu)提供一些可行性建議。本文在對(duì)工商銀行海外并購(gòu)行為分析的過(guò)程中,首先回顧關(guān)于銀行并購(gòu)的國(guó)內(nèi)外文獻(xiàn),然后結(jié)合理論分析對(duì)工商銀行的海外并購(gòu)動(dòng)機(jī)、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(duì)工商銀行并購(gòu)績(jī)效做具體的實(shí)證分析,同時(shí)結(jié)合“案例分析法”和“業(yè)績(jī)比較法”對(duì)工商銀行在并購(gòu)前后資產(chǎn)質(zhì)量以及風(fēng)險(xiǎn)防控能力方面作對(duì)比,來(lái)說(shuō)明海外并購(gòu)對(duì)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(gòu)方式、并購(gòu)目標(biāo)的選擇方法、并購(gòu)之后的整合以及風(fēng)險(xiǎn)防控措施使得其在海外并購(gòu)之后的績(jī)效、經(jīng)營(yíng)效率以及股東財(cái)富普遍好于并購(gòu)之前,說(shuō)明了工商銀行的海外并購(gòu)取得了很大成功,其并購(gòu)行為對(duì)中資銀行的海外擴(kuò)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(jì)貿(mào)易大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2015
【分類(lèi)號(hào)】：F832.33

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本文編號(hào)：2246288