本文選題：金融業(yè)并購(gòu) + 中國(guó)平安��； 參考：《東華大學(xué)》2017年碩士論文

【摘要】：當(dāng)前,并購(gòu)已經(jīng)成為中國(guó)金融企業(yè)發(fā)展壯大所采取的普遍的戰(zhàn)略方針和政策。企業(yè)兼并與收購(gòu)不僅可以持續(xù)擴(kuò)大企業(yè)規(guī)模,提高企業(yè)經(jīng)營(yíng)效率和搶占市場(chǎng),逐步實(shí)現(xiàn)混業(yè)經(jīng)營(yíng)的發(fā)展目標(biāo),從而進(jìn)一步推動(dòng)多元化和國(guó)際化的發(fā)展戰(zhàn)略,同時(shí)并購(gòu)也能逐步降低企業(yè)的成本,使企業(yè)獲得更多的利潤(rùn)。通過(guò)對(duì)金融業(yè)并購(gòu)理論和并購(gòu)行為本身的研究,探討出我國(guó)金融業(yè)并購(gòu)的規(guī)律,有利于促進(jìn)我國(guó)金融業(yè)在未來(lái)國(guó)際市場(chǎng)中取得優(yōu)勢(shì)地位。本文通過(guò)對(duì)中國(guó)平安并購(gòu)深圳發(fā)展銀行進(jìn)行并購(gòu)動(dòng)因和并購(gòu)績(jī)效兩方面的研究,補(bǔ)充和完善了并購(gòu)動(dòng)因和效果的評(píng)價(jià)體系,有利于進(jìn)一步探討中國(guó)金融業(yè)并購(gòu)的規(guī)律與問(wèn)題。第一章介紹了本文的研究背景、研究意義,以及研究?jī)?nèi)容、方法與框架。第二章整理了國(guó)內(nèi)外金融業(yè)并購(gòu)動(dòng)因和績(jī)效的研究理論。第三章首先運(yùn)用PEST分析方法結(jié)合全國(guó)和區(qū)域市場(chǎng)數(shù)據(jù)分析企業(yè)外部市場(chǎng)環(huán)境,其次分別結(jié)合并購(gòu)前中國(guó)平安與深發(fā)展的經(jīng)營(yíng)數(shù)據(jù)分析企業(yè)內(nèi)部條件,說(shuō)明本次并購(gòu)參與各方的并購(gòu)動(dòng)因。第四章介紹本次并購(gòu)的實(shí)施過(guò)程,換股對(duì)價(jià)問(wèn)題與整合情況。第五章呼應(yīng)動(dòng)因分析,分別從“調(diào)結(jié)構(gòu),補(bǔ)短板,保增長(zhǎng)和控風(fēng)險(xiǎn)”四個(gè)方面分析本次并購(gòu)的實(shí)施效果。首先運(yùn)用比率分析法,結(jié)合平安銀行與同業(yè)銀行2006年至2015年十年間各項(xiàng)經(jīng)營(yíng)數(shù)據(jù),分析本次并購(gòu)對(duì)平安銀行的影響,再由中國(guó)平安并購(gòu)前后經(jīng)營(yíng)數(shù)據(jù),運(yùn)用eva(經(jīng)濟(jì)增加值)模型分析法和比率分析法,分析本次并購(gòu)對(duì)中國(guó)平安的影響,最后對(duì)本次并購(gòu)進(jìn)行綜合評(píng)價(jià),并針對(duì)問(wèn)題給出建議。通過(guò)本案例的研究可以發(fā)現(xiàn),金融業(yè)并購(gòu)雙方的最根本動(dòng)因是提高利潤(rùn)和控制風(fēng)險(xiǎn),通常通過(guò)調(diào)整結(jié)構(gòu)和補(bǔ)強(qiáng)短板來(lái)實(shí)現(xiàn)。中國(guó)平安并購(gòu)深發(fā)展以后,中國(guó)平安增強(qiáng)了其銀行業(yè)務(wù),企業(yè)資源分配得到優(yōu)化,平安銀行也成為集團(tuán)新的穩(wěn)定利潤(rùn)增長(zhǎng)點(diǎn),而深圳發(fā)展銀行長(zhǎng)期以來(lái)的資本金不足問(wèn)題也得到補(bǔ)充,企業(yè)經(jīng)營(yíng)發(fā)展情況得到改善。但合并后的平安銀行也存在盈利能力降低,風(fēng)險(xiǎn)管理能力變差,以及平安保險(xiǎn)與平安銀行交叉銷售情況不佳等問(wèn)題,需要后續(xù)通過(guò)整合來(lái)進(jìn)一步解決。本文希望通過(guò)對(duì)本次并購(gòu)的研究,能夠探尋中國(guó)金融業(yè)并購(gòu)的規(guī)律,補(bǔ)充和完善并購(gòu)動(dòng)因和并購(gòu)效果評(píng)價(jià)的體系與方法,對(duì)國(guó)內(nèi)金融業(yè)并購(gòu)動(dòng)因、績(jī)效等相關(guān)領(lǐng)域理論和方法的研究有所推動(dòng),為促進(jìn)我國(guó)金融業(yè)并購(gòu)活動(dòng)的順利進(jìn)行提供更為科學(xué)的理論依據(jù)和實(shí)踐指導(dǎo),最終達(dá)到提升企業(yè)并購(gòu)效率的目的。
[Abstract]:At present, M & A has become a general strategic policy for the development and growth of Chinese financial enterprises. Mergers and acquisitions can not only continuously expand the scale of enterprises, improve the efficiency of enterprises and seize the market, and gradually realize the development goal of mixed operation, thus further promote the development strategy of diversification and internationalization. At the same time, mergers and acquisitions can gradually reduce the cost of enterprises, so that enterprises gain more profits. Through the study of M & A theory and M & A behavior of financial industry, this paper discusses the law of financial M & A in China, which is helpful to promote our financial industry to gain advantage in the international market in the future. Through the research on the M & A motivation and M & A performance of Shenzhen Development Bank of China Ping an, this paper complements and perfects the evaluation system of M & A motivation and effect, which is helpful to further discuss the rules and problems of M & A in China's financial industry. The first chapter introduces the research background, research significance, research content, methods and framework. The second chapter collates the domestic and foreign financial industry M & A motivation and performance research theory. The third chapter analyzes the external market environment of the enterprise by using pest analysis method and national and regional market data, and then analyzes the internal conditions of the enterprise by combining the management data of Ping an and deep development before M & A, respectively. Explain the M & A motivation of all parties involved in the M & A. Chapter four introduces the implementation process of this merger and acquisition, the consideration of stock exchange and the situation of integration. The fifth chapter analyzes the effect of M & A from four aspects: adjusting structure, mending short board, keeping growth and controlling risk. First of all, using the ratio analysis method, combined with the operating data of Ping an Bank and the interbank bank from 2006 to 2015, this paper analyzes the impact of this merger on Ping an Bank, and then analyzes the management data before and after the merger of Ping an Bank of China. Using eva (Economic value added) model analysis and ratio analysis, this paper analyzes the impact of M & A on China Ping an, and finally makes a comprehensive evaluation of the M & A, and puts forward some suggestions for the problems. Through the case study, we can find that the most fundamental motivation of financial M & A is to improve profits and control risks, usually by adjusting the structure and strengthening the weak board. After the deep development of China Ping an M & A, Ping an of China strengthened its banking business, optimized the distribution of enterprise resources, and Ping an Bank also became a new stable profit growth point of the Group. Shenzhen Development Bank's long-term capital shortage has also been supplemented, and business development has improved. However, after the merger, Ping an Bank also has lower profitability, worse risk management ability, and poor cross-sales situation between Ping an Insurance and Ping an Bank, which need to be further solved through further integration. This paper hopes that through the research of this M & A, we can explore the rules of M & A in China, complement and perfect the system and method of M & A motivation and the evaluation of M & A effect, as well as the M & A motivation of domestic financial industry. The research on the theories and methods of performance and other related fields has been promoted, which provides a more scientific theoretical basis and practical guidance for the smooth development of M & A activities in China's financial industry, and finally achieves the purpose of improving the efficiency of M & A.
【學(xué)位授予單位】：東華大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F271;F842.3

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本文編號(hào)：2105071