本文選題：股權(quán) + 并購(gòu)　； 參考：《華東理工大學(xué)》2014年碩士論文

【摘要】：近年來,在國(guó)際金融危機(jī)和國(guó)家行業(yè)整合政策的共同影響下,我國(guó)企業(yè)的并購(gòu)活動(dòng)變得越來越頻繁。一些經(jīng)濟(jì)實(shí)力較為雄厚的民營(yíng)企業(yè)開始進(jìn)入跨國(guó)并購(gòu)領(lǐng)域,國(guó)內(nèi)企業(yè)因并購(gòu)所支付的現(xiàn)金也逐年增多。然而,活躍的并購(gòu)市場(chǎng)所帶來的資金需求與我國(guó)商業(yè)銀行的惜貸情緒卻形成了鮮明的對(duì)比。融資難甚至令許多依靠自然積累成長(zhǎng)起來的民營(yíng)企業(yè)陷入了“有機(jī)遇難發(fā)展”的窘境。 本文通過對(duì)雨潤(rùn)公司并購(gòu)融資方式的研究,為廣大初具規(guī)模且深陷融資困境的企業(yè)介紹了一種實(shí)用的資本市場(chǎng)股權(quán)融資新手法。希望廣大企業(yè)能夠從中得到一定的啟發(fā),甚至能夠直接運(yùn)用該種融資方式走出困境抓住發(fā)展良機(jī)。 為了能夠更加直觀的將雨潤(rùn)式并購(gòu)融資方式的優(yōu)越性展現(xiàn)給大家,本文分別從IPO和SEO兩個(gè)階段,借助公司獨(dú)特的利潤(rùn)構(gòu)成及其負(fù)商譽(yù)變現(xiàn)過程的資本運(yùn)作對(duì)雨潤(rùn)的并購(gòu)融資方式進(jìn)行了詳細(xì)介紹。最后,為了保持研究的完整性,本文在研究雨潤(rùn)公司上市后并購(gòu)再融資的基礎(chǔ)上,延伸介紹了一種公司SEO階段出現(xiàn)的購(gòu)股權(quán)融資方式,以供廣大上市企業(yè)參考。
[Abstract]:In recent years, under the influence of international financial crisis and national industry integration policy, M & A activities of Chinese enterprises become more and more frequent.Some private enterprises with strong economic strength begin to enter the field of transnational M & A, and the cash paid by domestic enterprises due to M & A increases year by year.However, the demand for funds brought by the active M & A market is in sharp contrast with the reluctance of commercial banks to lend.The difficulty of financing even makes many private enterprises which rely on natural accumulation and grow into the dilemma of "organic distress and development".This paper introduces a practical new method of equity financing in the capital market for the enterprises with initial scale and deep in financing difficulties through the study of the M & A financing method of Yurun Company.Hope that the majority of enterprises can get some inspiration, even can directly use this financing way out of the dilemma to seize the development opportunities.In order to show the superiority of Yurun M & A financing method more intuitively, this paper starts from the two stages of IPO and SEO,With the help of the company's unique profit structure and its capital operation in the process of realizing negative goodwill, the paper introduces Yurun's M & A financing method in detail.Finally, in order to maintain the integrity of the study, this paper, on the basis of the research on the merger and acquisition and refinancing of Yurun after listing, introduces an equity purchase financing method in the SEO stage of the company, for the reference of the majority of listed enterprises.
【學(xué)位授予單位】：華東理工大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F275;F426.82

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