中國食品企業(yè)海外并購研究
本文選題:跨國并購 切入點:并購交易 出處:《西南財經(jīng)大學》2014年碩士論文
【摘要】:受2008年金融危機等因素的影響,世界范圍內(nèi)的跨國投資進入了低潮期,而中國的對外投資卻成為跨國投資的一大亮點。中國對外投資領域原來主要集中在資源等領域,而現(xiàn)在開始向服務業(yè)、食品業(yè)等領域拓展。2013年至今,在中國食品飲料行業(yè),企業(yè)海外并購案例達到32宗,并購金額達到102億元人民幣。而2005至2010年這五年中,我國食品飲料行業(yè)企業(yè)海外并購案例總數(shù)僅為49宗,并購金額約為百億元人民幣。不過,我國食品企業(yè)海外收購并非一帆風順,其海外并購尚處于初級階段。面對復雜多變的世界經(jīng)濟形勢,我國企業(yè)需要做好充足的準備。本文主要研究我國食品類企業(yè)海外并購。主要從我國食品類企業(yè)海外并購的動因、企業(yè)并購整合以及并購績效等方面進行分析。研究并總結(jié)我國食品類企業(yè)海外并購的特點,以及影響其并購成敗的因素。希望通過本文的研究結(jié)論能有助于我國食品類企業(yè)跨國并購事業(yè)。 論文包括五個章節(jié)的內(nèi)容:第一章為導論,本章主要闡述本文的研究背景、研究意義、研究思路、研究內(nèi)容和研究方法等。第二章為理論基礎與文獻綜述,主要闡述并購的動因、并購后的整合以及并購績效,并對并購成敗的影響因素進行了分析,總結(jié)出食品類企業(yè)海外并購的特點。第三章為案例介紹,對相關企業(yè)并購過程以及整合現(xiàn)狀進行了闡述。第四章為案例分析,主要是針對并購案例對并購動因、并購后的整合及并購績效進行了分析,總結(jié)影響并購成敗的因素。第五章是針對第四章案例分析結(jié)果并結(jié)合其他的中國食品類企業(yè)跨國并購典型案例進行總結(jié)性的分析。第六章為全文總結(jié),并提出相關建議。本文的特點在于選擇的行業(yè)相對獨特,本文的貢獻在于:(1)較系統(tǒng)地分析了食品行業(yè)企業(yè)海外并購的特點與風險,提出了應對風險的相關建議;(2)對我國食品行業(yè)企業(yè)海外并購成敗的相關影響因素進行分析,并提出了相應建議。 從本文的分析可以看出,我國食品類企業(yè)海外并購主要是為了打造完備的產(chǎn)業(yè)鏈模,降低生產(chǎn)成本,并獲取海外資源。但是要看到,我國食品類企業(yè)跨國并購存在眾多問題,如并購績效較差、缺乏戰(zhàn)略規(guī)劃、并購風險估計不足等。針對上述存在的問題,本文提出了具有針對性的解決方法。希望本文研究成果能夠為食品行業(yè)跨國并購提供參考和借鑒。
[Abstract]:Affected by the 2008 financial crisis and other factors, cross-border investment in the world has entered a low period, while foreign investment China has become a major highlight of transnational investment. China foreign investment was mainly concentrated in the field of resources and other fields, and now to the service industry, food industry and other areas of development in.2013 years, China the food and beverage industry, enterprises overseas mergers and acquisitions reached 32 cases, mergers and acquisitions amounted to 10 billion 200 million yuan. The 2005 to 2010 five years, China's food and beverage industry enterprises overseas mergers and acquisitions total was only 49, the amount of mergers and acquisitions is about ten billion yuan. However, China's food industry overseas acquisitions is not Everything is going smoothly. overseas. M & A is still in the primary stage. Facing the complex economic situation in the world, Chinese enterprises need to make adequate preparations. This paper mainly studies the overseas mergers and acquisitions of Chinese enterprises mainly from the food. Causes of China's overseas M & a food enterprise, the enterprise merger and acquisition performance are analyzed. The research and summary of the characteristics of overseas mergers and acquisitions of Chinese food enterprises, and the factors influencing the success of the merger. Hope that through the conclusion of this study can contribute to China's food industry enterprises transnational mergers and acquisitions business.
This paper consists of five chapters: the first chapter is the introduction, this chapter mainly expounds the research background, research significance, research ideas, research content and research methods. The second chapter is the theoretical basis and literature review, mainly expounds the reasons, the integration after merger and acquisition performance, and the impact on the success of the merger the factors are analyzed, summed up the characteristics of overseas mergers and acquisitions of food enterprises. The third chapter introduces the case, the process of mergers and acquisitions as well as the status quo of integration are discussed. The fourth chapter is the case analysis, mainly for the case of mergers and acquisitions, mergers and acquisitions and the integration after merger and acquisition performance is analyzed, summarizes the influence factors the success of the merger. The fifth chapter is the fourth chapter case analysis results and summary analysis combined with food enterprises Chinese cross-border mergers and acquisitions of other typical cases. The sixth chapter is the full text summary, And puts forward relevant suggestions. The feature of this paper is to choose the industry is relatively unique, the contribution of this paper is: (1) systematically analyzes the characteristics and risks of overseas mergers and acquisitions of the food industry enterprises, puts forward relevant suggestions to deal with the risk; (2) the influence factors of China's food industry enterprises overseas mergers and acquisitions success or failure analysis, and puts forward some corresponding suggestions.
From the analysis we can see that China's overseas M & a food enterprises is mainly to build a complete industrial chain mode, reduce production costs, and access to overseas resources. But to see that China's food enterprises transnational mergers and acquisitions exist many problems, such as mergers and acquisitions performance is poor, lack of strategic planning, such as lack of merger risk estimates. In view of the above problems, this paper puts forward specific solutions. I hope this research can provide reference for the food industry cross-border mergers and acquisitions.
【學位授予單位】:西南財經(jīng)大學
【學位級別】:碩士
【學位授予年份】:2014
【分類號】:F271;F426.82
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