本文選題：海外并購(gòu)　切入點(diǎn)：核心競(jìng)爭(zhēng)力　出處：《中國(guó)石油大學(xué)（華東）》2013年碩士論文　論文類型：學(xué)位論文

【摘要】：隨著國(guó)際上一次又一次海外并購(gòu)浪潮的掀起，海外并購(gòu)作為世界大型石油公司提升競(jìng)爭(zhēng)力、在全球范圍優(yōu)化資源配置的重要手段之一，已成為經(jīng)濟(jì)學(xué)領(lǐng)域研究的重點(diǎn)。近些年，以中石油、中石化、中海油為代表的我國(guó)石油公司也積極走出去，實(shí)施海外并購(gòu)，以緩解我國(guó)石油產(chǎn)量無(wú)法滿足需求量的缺口，我國(guó)石油公司的海外并購(gòu)數(shù)量逐年增長(zhǎng)，海外并購(gòu)金額也頻頻被刷新。 在我國(guó)石油公司的海外并購(gòu)如火如荼的開(kāi)展的時(shí)候，我們也應(yīng)看到海外并購(gòu)存在的巨大風(fēng)險(xiǎn)，不斷攀升的并購(gòu)金額是否與并購(gòu)的效果成正比，，海外并購(gòu)是否能提升公司的核心競(jìng)爭(zhēng)力、使公司獲得競(jìng)爭(zhēng)優(yōu)勢(shì)，都值得我們?nèi)パ芯俊Ｒ虼�，本文將采用三種實(shí)證分析方法——TOPSIS法、熵權(quán)法以及因子分析法對(duì)三大石油公司并購(gòu)前后核心競(jìng)爭(zhēng)力是否得到了提升和各年的并購(gòu)效果如何進(jìn)行研究，以探尋三大石油公司近些年海外并購(gòu)核心競(jìng)爭(zhēng)力的提升狀況。 本文得出的基本結(jié)論如下：首先，在TOPSIS法下對(duì)三大石油公司各年份并購(gòu)效果進(jìn)行了研究，發(fā)現(xiàn)中石油最大程度提升核心競(jìng)爭(zhēng)力的是2005年，效果最差的是2009年；中石化海外并購(gòu)對(duì)提升核心競(jìng)爭(zhēng)力作用最大的是2009年，作用最小的是2010年；中海油海外并購(gòu)最大程度提升核心競(jìng)爭(zhēng)力的是2010年，作用最小的是2002年。中石油近幾年的海外并購(gòu)效果波動(dòng)較大且呈下降趨勢(shì)，中海油的并購(gòu)效果有所提升，中石化的波動(dòng)較小，趨勢(shì)不明顯。其次，采用熵權(quán)法對(duì)三大石油公司的海外并購(gòu)核心競(jìng)爭(zhēng)力進(jìn)行對(duì)比評(píng)價(jià)后，發(fā)現(xiàn)中石油的并購(gòu)效果最好，提升核心競(jìng)爭(zhēng)力的海外并購(gòu)數(shù)占并購(gòu)總數(shù)的比重為83.3%，中海油次之，中石化最差。最后，在采用因子分析法對(duì)三大石油公司的海外并購(gòu)核心競(jìng)爭(zhēng)力進(jìn)行對(duì)比評(píng)價(jià)后，得出中石油的并購(gòu)效果最好，核心競(jìng)爭(zhēng)力得到提升的海外并購(gòu)所占比重達(dá)到了100%，中石化次之，中海油最差。
[Abstract]:With the rise of wave of overseas M & A in the world, overseas M & A, as one of the important means to improve the competitiveness of the world's large oil companies and optimize the allocation of resources in the global scope, has become the focus of research in the field of economics in recent years. China's oil companies, represented by PetroChina, Sinopec and CNOOC, have also actively gone out to implement overseas mergers and acquisitions in order to alleviate the gap in China's oil output that cannot meet the demand. The number of overseas mergers and acquisitions of Chinese oil companies has increased year by year. Overseas M & A amount is also frequently refreshed. When the overseas mergers and acquisitions of Chinese oil companies are in full swing, we should also see the huge risks of overseas mergers and acquisitions, and whether the rising amount of mergers and acquisitions is directly proportional to the effect of mergers and acquisitions. Whether the overseas M & A can enhance the core competence of the company and make the company gain the competitive advantage is worth our study. Therefore, this paper will adopt three kinds of empirical analysis method-TOPSIS method. Entropy weight method and factor analysis method are used to study whether the core competence of the three oil companies before and after merger and acquisition and how to improve the effect of mergers and acquisitions in each year, in order to explore the three oil companies in recent years to enhance the core competitiveness of overseas mergers and acquisitions. The basic conclusions of this paper are as follows: firstly, the results of mergers and acquisitions of the three major oil companies in each year are studied under the TOPSIS method. It is found that PetroChina enhanced its core competitiveness to the greatest extent in 2005 and the worst in 2009; Sinopec's overseas mergers and acquisitions have the greatest effect on enhancing the core competitiveness in 2009 and the least in 2010. The largest enhancement of the core competitiveness of CNOOC's overseas mergers and acquisitions is 2010. The least effect was in 2002. CNPC's overseas M & A effect fluctuated greatly and showed a downward trend in recent years, CNOOC's M & A effect improved somewhat, Sinopec's fluctuation was small, and the trend was not obvious. By comparing and evaluating the core competence of overseas M & A of the three major oil companies by using entropy weight method, it is found that PetroChina has the best effect of M & A, and the proportion of overseas M & A to the total M & A is 83.3%, followed by CNOOC. Sinopec is the worst. Finally, after making a comparative evaluation of the core competitiveness of overseas mergers and acquisitions of the three major oil companies by using factor analysis, it is concluded that PetroChina has the best effect on mergers and acquisitions. Overseas mergers and acquisitions with enhanced core competence accounted for 100%, followed by Sinopec and CNOOC.
【學(xué)位授予單位】：中國(guó)石油大學(xué)（華東）
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F426.22;F271

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