【摘要】：在二十世紀(jì)中葉以后，服務(wù)業(yè)的快速崛起成為世界經(jīng)濟(jì)發(fā)展的顯著特征，發(fā)達(dá)國家的經(jīng)濟(jì)重心向服務(wù)業(yè)轉(zhuǎn)移，呈現(xiàn)“服務(wù)經(jīng)濟(jì)”時(shí)代。經(jīng)濟(jì)全球化掀起的跨國并購浪潮中，服務(wù)業(yè)成為國際直接投資與產(chǎn)業(yè)轉(zhuǎn)移的焦點(diǎn)，其跨國并購的金額占到跨國并購總額的百分之五十以上。外資并購在我國服務(wù)業(yè)的擴(kuò)張趨勢將明顯加快，這能夠刺激我國的經(jīng)濟(jì)發(fā)展，，提升我國服務(wù)業(yè)的整體水平，也使得我國服務(wù)業(yè)被并企業(yè)學(xué)習(xí)到跨國公司先進(jìn)的技術(shù)和規(guī)范的管理制度，提高自身的競爭力水平，在國際市場的競爭中獲取更多機(jī)遇。外資并購雖然可以為我國服務(wù)企業(yè)創(chuàng)造更多的國際競爭條件，優(yōu)化企業(yè)內(nèi)部資源配置，但是也不可避免會(huì)給我國服務(wù)企業(yè)帶來更多的挑戰(zhàn)。 本文在研究了大量外資并購和服務(wù)企業(yè)競爭力文獻(xiàn)資料的基礎(chǔ)上，分析了我國服務(wù)業(yè)發(fā)展現(xiàn)狀和服務(wù)業(yè)外資并購的總體情況。根據(jù)前人的研究總結(jié)設(shè)計(jì)了我國服務(wù)企業(yè)競爭力的評價(jià)指標(biāo)體系，包含了市場規(guī)模競爭力、經(jīng)濟(jì)效益競爭力、企業(yè)成長競爭力、風(fēng)險(xiǎn)償付競爭力、資產(chǎn)運(yùn)營競爭力和管理創(chuàng)新競爭力六個(gè)方面，并選取了2000年至2008年間我國被跨國公司并購的47家服務(wù)企業(yè)作為研究對象，運(yùn)用因子分析法和雷達(dá)圖法分析了總體樣本在并購前一年至并購后三年的企業(yè)競爭力均值變化。另外，利用非參數(shù)檢驗(yàn)的方法針對并購的相關(guān)特征因素如并購類型、關(guān)聯(lián)交易、股權(quán)性質(zhì)、控制權(quán)轉(zhuǎn)移、所屬行業(yè)進(jìn)行分析檢驗(yàn)，觀察這些因素差異在跨國公司并購我國服務(wù)企業(yè)后對樣本企業(yè)競爭力的影響，其中并購類型、所屬行業(yè)等因素得到了顯著性檢驗(yàn)。根據(jù)實(shí)證研究結(jié)論，提出我國服務(wù)企業(yè)應(yīng)對并購的相關(guān)政策建議，加快健全我國有關(guān)外資并購的法律體系，明確外資實(shí)施關(guān)聯(lián)并購的動(dòng)機(jī)，引導(dǎo)外商企業(yè)進(jìn)行戰(zhàn)略性的并購，加強(qiáng)對企業(yè)控制權(quán)的監(jiān)管，適度約束外資并購行為，注重縱向并購的資源整合，不斷提升我國服務(wù)企業(yè)自身實(shí)力，推動(dòng)產(chǎn)業(yè)結(jié)構(gòu)升級。
[Abstract]:After the middle of the 20th century, the rapid rise of the service industry has become a remarkable feature of the world economic development. The economic center of the developed countries has shifted to the service industry, presenting the era of "service economy". In the wave of transnational M & A caused by economic globalization, the service industry has become the focus of international direct investment and industrial transfer, and the amount of cross-border M & A accounts for more than 50% of the total amount of cross-border M A. The expansion trend of foreign capital mergers and acquisitions in China's service industry will obviously accelerate, which can stimulate the economic development of our country and raise the overall level of our service industry. It also makes the service industry of our country learn from the advanced technology and standardized management system of multinational corporations, improve their own competitive level, and gain more opportunities in the international market competition. Although foreign M & A can create more international competitive conditions and optimize internal resource allocation for our service enterprises, it will inevitably bring more challenges to our service enterprises. On the basis of studying a large number of documents on foreign capital M & A and service enterprises' competitiveness, this paper analyzes the present situation of service industry development and the overall situation of foreign capital M & A in service industry. According to the previous studies, this paper designs the evaluation index system of the competitiveness of our service enterprises, including market scale competitiveness, economic efficiency competitiveness, enterprise growth competitiveness, risk reimbursement competitiveness. There are six aspects of the competitiveness of asset operation and management innovation, and 47 service enterprises which were acquired by multinational corporations from 2000 to 2008 are selected as the research objects. Factor analysis method and radar chart method are used to analyze the change of the average competitiveness of the total sample from one year before the merger to three years after the merger. In addition, the non-parametric test method is used to analyze and test the relevant characteristic factors of M & A, such as the type of M & A, related transaction, equity nature, transfer of control rights, industry, etc. This paper observes the influence of these factors on the competitiveness of the sample enterprises after M & A of our country's service enterprises, among which the types of M & A, the industry and other factors have been significantly tested. According to the conclusion of the empirical research, this paper puts forward the relevant policy suggestions of Chinese service enterprises to deal with M & A, accelerates and perfects the legal system of foreign M & A in China, clarifies the motivation of foreign capital to carry out related M & A, and guides foreign enterprises to carry out strategic M & A. We should strengthen the supervision of the control right of enterprises, appropriately restrain the behavior of foreign M & A, pay attention to the integration of resources in vertical mergers and acquisitions, constantly improve the strength of Chinese service enterprises and promote the upgrading of industrial structure.
【學(xué)位授予單位】：湘潭大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F719

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