本文選題：資產(chǎn)并購(gòu) + 價(jià)值評(píng)估�。� 參考：《西南交通大學(xué)》2013年碩士論文

【摘要】：資產(chǎn)并購(gòu)對(duì)全球經(jīng)濟(jì)發(fā)展的影響愈來(lái)愈大,各國(guó)政府及企業(yè)對(duì)資產(chǎn)并購(gòu)也越來(lái)越重視。但資產(chǎn)并購(gòu)是一把雙刃劍：成功的并購(gòu)?fù)軌蚴蛊髽I(yè)實(shí)現(xiàn)跳躍性的快速增長(zhǎng),而資產(chǎn)并購(gòu)失敗不但不能實(shí)現(xiàn)自身的高速發(fā)展,很多時(shí)候也會(huì)使企業(yè)陷入困境。如何才能實(shí)現(xiàn)成功并購(gòu),首先關(guān)鍵是要做好目標(biāo)企業(yè)的價(jià)值評(píng)估,其次要綜合考慮其他相關(guān)因素對(duì)資產(chǎn)并購(gòu)的因素,然后針對(duì)這些影響因素,制定出切實(shí)可以的應(yīng)對(duì)措施,才能確保成功并購(gòu)。 本文首先通過(guò)重點(diǎn)介紹了有關(guān)企業(yè)資產(chǎn)并購(gòu)以及企業(yè)價(jià)值評(píng)估的相關(guān)理論,接著以C公司并購(gòu)SZZ投資項(xiàng)目為例,就公司并購(gòu)動(dòng)因分別從市場(chǎng)需求、管理需求、技術(shù)需求及資源需求等四個(gè)方面進(jìn)行了闡述,然后運(yùn)用資產(chǎn)價(jià)值評(píng)估法、現(xiàn)金流量貼現(xiàn)法和市場(chǎng)比較法等三種價(jià)值評(píng)估方法對(duì)SZZ投資項(xiàng)目進(jìn)行價(jià)值評(píng)估,并結(jié)合C公司的并購(gòu)策略展開(kāi)分析,總結(jié)了各種方法的優(yōu)缺點(diǎn)及其適用范圍,選擇出了適合SZZ公司自身特點(diǎn)的企業(yè)價(jià)值評(píng)估方法。最后,為保障C公司并購(gòu)SZZ投資項(xiàng)目成功實(shí)施,分別從法律環(huán)境、納稅籌劃、戰(zhàn)略協(xié)同機(jī)制建立、目標(biāo)企業(yè)文化融合等多個(gè)方面影響因素進(jìn)行了分析,并結(jié)合實(shí)際情況,提出了具體的保障措施。 本文依據(jù)資產(chǎn)并購(gòu)和價(jià)值評(píng)估的相關(guān)理論知識(shí),結(jié)合并購(gòu)企業(yè)的并購(gòu)動(dòng)因,運(yùn)用價(jià)值評(píng)估的方法,對(duì)目標(biāo)企業(yè)展開(kāi)價(jià)值評(píng)估和分析研究,針對(duì)企業(yè)并購(gòu)的影響因素,提出了企業(yè)并購(gòu)順利實(shí)施的保障措施。希望這一對(duì)C公司并購(gòu)SZZ投資項(xiàng)目研究,能為類(lèi)似企業(yè)的并購(gòu)順利實(shí)施提供一定的參考和借鑒作用。
[Abstract]:Asset mergers and acquisitions have more and more influence on global economic development, and governments and enterprises of various countries have also attached more and more importance to asset mergers and acquisitions. But asset merger and acquisition is a double-edged sword: successful mergers and acquisitions can often make enterprises achieve rapid growth leaps and bounds, and the failure of asset mergers and acquisitions not only can not achieve their own high-speed development, but also make enterprises fall into difficulties. How to achieve a successful merger and acquisition, the first key is to do a good job of the value evaluation of the target enterprise, second, we must consider the other relevant factors to the asset merger and acquisition factors, and then to these factors, to formulate a practical response measures, To ensure a successful acquisition. This paper firstly introduces the related theories of enterprise asset merger and acquisition and enterprise value evaluation, then taking C company M & A SZZ investment project as an example, analyzes the motivation of M & A from market demand and management demand, respectively. Four aspects of technical requirements and resource requirements are expounded, and then three valuation methods, namely, asset value evaluation, cash flow discount method and market comparison method, are used to evaluate the value of SZZ investment projects. Combined with the M & A strategy of C Company, this paper summarizes the advantages and disadvantages of various methods and their scope of application, and selects the enterprise value evaluation method suitable for SZZ Company's own characteristics. Finally, in order to ensure the successful implementation of M & A SZZ investment project of C Company, this paper analyzes the influencing factors from the aspects of legal environment, tax planning, establishment of strategic coordination mechanism, integration of target corporate culture and so on, and combines with the actual situation. Specific safeguard measures are put forward. Based on the theoretical knowledge of asset M & A and value evaluation, combined with the M & A motivation of M & A enterprises, this paper uses the method of value evaluation to carry out value evaluation and analysis to the target enterprises, aiming at the influencing factors of M & A. This paper puts forward the guarantee measures for the smooth implementation of M & A. It is hoped that the research on C company M & A SZZ investment project can provide some reference and reference for the successful implementation of M & A of similar enterprises.
【學(xué)位授予單位】：西南交通大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類(lèi)號(hào)】：F426.6;F271;F426.92

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本文編號(hào)：1866130