本文關(guān)鍵詞： 創(chuàng)業(yè)板上市公司 因子分析 并購(gòu)績(jī)效 影響因素　出處：《哈爾濱商業(yè)大學(xué)學(xué)報(bào)(社會(huì)科學(xué)版)》2017年06期 　論文類型：期刊論文

【摘要】：并購(gòu)作為權(quán)利讓渡行為是指企業(yè)的權(quán)利主體根據(jù)企業(yè)產(chǎn)權(quán)做出的安排,主要?jiǎng)訖C(jī)是謀求企業(yè)的發(fā)展,通過(guò)利用并購(gòu)取得更先進(jìn)的技術(shù)、優(yōu)質(zhì)的管理經(jīng)驗(yàn)、專業(yè)化的人才,降低企業(yè)橫向或縱向競(jìng)爭(zhēng)帶來(lái)的成本,提高企業(yè)的知名度的同時(shí),增加超額利潤(rùn)。但是并購(gòu)并不一定會(huì)產(chǎn)生想象中的效果,有的甚至對(duì)企業(yè)產(chǎn)生負(fù)面影響。從創(chuàng)業(yè)板的企業(yè)作為切入口,通過(guò)對(duì)2015年發(fā)生并購(gòu)的29家創(chuàng)業(yè)板上市企業(yè)并購(gòu)前后業(yè)績(jī)的變化進(jìn)行研究,采用因子分析法、綜合得分模型,比較并購(gòu)前后數(shù)據(jù)的變化情況,最后得出相關(guān)結(jié)論,提出與結(jié)論相對(duì)應(yīng)的政策建議,促進(jìn)我國(guó)創(chuàng)業(yè)板市場(chǎng)的合理、穩(wěn)定發(fā)展。
[Abstract]:M & A as a right transfer behavior refers to the arrangement made by the right subject according to the property right of the enterprise, the main motive is to seek the development of the enterprise, to obtain more advanced technology and high quality management experience through the use of M & A. Professional talents, reduce the cost of horizontal or vertical competition, improve the visibility of enterprises, increase the excess profit. But mergers and acquisitions will not necessarily have the effect of imagination. Some even have a negative impact on enterprises. From the gem enterprises as the entry, through the 2015 M & A 29 gem listed enterprises before and after M & A performance changes were studied. By using factor analysis method and comprehensive score model, this paper compares the changes of data before and after merger and acquisition, finally draws the relevant conclusions, puts forward corresponding policy recommendations, and promotes the rational and stable development of China's gem market.
【作者單位】： 哈爾濱商業(yè)大學(xué)金融學(xué)院;
【基金】：教育部人文社會(huì)科學(xué)研究規(guī)劃基金項(xiàng)目(10YJA790115) 黑龍江省哲學(xué)社會(huì)科學(xué)研究規(guī)劃重點(diǎn)項(xiàng)目(13A001) 黑龍江省哲學(xué)社會(huì)科學(xué)研究規(guī)劃項(xiàng)目(13B024) 黑龍江省經(jīng)濟(jì)社會(huì)發(fā)展重點(diǎn)研究課題(17010) 哈爾濱商業(yè)大學(xué)博士科研啟動(dòng)項(xiàng)目(13DW019) 2017年哈爾濱商業(yè)大學(xué)研究生創(chuàng)新科研項(xiàng)目(YJSCX2017-407HSD)
【分類號(hào)】：F271;F832.51
【正文快照】： 一、引言從2011年開(kāi)始,據(jù)不完全統(tǒng)計(jì),創(chuàng)業(yè)板中的298家創(chuàng)業(yè)板公司已經(jīng)完成了近631次收購(gòu)交易,能夠?qū)麧?rùn)產(chǎn)生影響的并購(gòu)案例持續(xù)增加,但是由于政策、并購(gòu)法律和法規(guī)越來(lái)越完善,市場(chǎng)并購(gòu)越來(lái)越理性,并購(gòu)質(zhì)量也在提升。2015年的創(chuàng)業(yè)板市場(chǎng)的利潤(rùn)總額和盈利增長(zhǎng)率,其中參與并購(gòu)的，

本文編號(hào)：1486420