發(fā)布時間：2019-06-14 23:55

【摘要】：裝備制造業(yè)是國家的戰(zhàn)略性產(chǎn)業(yè),是國民經(jīng)濟發(fā)展的基礎,具有強大的裝備制造業(yè)是實現(xiàn)國家工業(yè)化的根本保證。隨著中國經(jīng)濟的快速發(fā)展,企業(yè)對高端裝備制造業(yè)技術的需求驟增,同時也面臨消化裝備制造業(yè)過剩產(chǎn)能的問題�？鐕①徥墙鉀Q上述問題的有效途徑。目前,中國裝備制造業(yè)企業(yè)已經(jīng)展開了大規(guī)模的海外并購,一方面滿足國內(nèi)對高端技術的需求,另一方面積極拓展中國裝備制造業(yè)的海外市場,重塑我國企業(yè)在國際分工中的角色和地位。選擇合適的并購目標將有助于企業(yè)跨國并購的成功實施�；谏鲜霰尘�,本文首先總結了國內(nèi)外關于目標企業(yè)選擇問題的研究成果,然后從對外直接投資理論和企業(yè)并購理論兩個方面綜述了企業(yè)跨國并購的理論基礎。通過對圖表和數(shù)據(jù)分析,從中國裝備制造業(yè)跨國并購的規(guī)模、區(qū)位分布以及行業(yè)分布三方面研究了中國裝備制造業(yè)跨國并購的現(xiàn)狀,發(fā)現(xiàn)中國裝備制造業(yè)企業(yè)的并購目標多集中在歐美國家和地區(qū)。在此基礎上,分四個階段對中國裝備制造企業(yè)跨國并購的特點進行了闡述,并從目標企業(yè)和收購企業(yè)兩個角度分析了影響企業(yè)目標選擇的因素。重點是將這些影響因素與層次分析法結合在一起,構建了中國裝備制造業(yè)跨國并購的目標選擇模型,通過選擇模型判斷各種影響因素在企業(yè)選擇目標企業(yè)時的重要性,并舉例進行了實證檢驗,得出的結論是中國裝備制造業(yè)企業(yè)在選擇并購目標時對其先進技術和品牌的訴求較高。最后針對中國裝備制造業(yè)在跨國并購中存在的問題和研究的結果,從政府和企業(yè)兩個角度給出了建議。
[Abstract]:Equipment manufacturing industry is the strategic industry of the country, the foundation of national economic development, and the strong equipment manufacturing industry is the fundamental guarantee to realize the industrialization of the country. With the rapid development of Chinese economy, the demand for high-end equipment manufacturing technology has increased sharply, and it is also faced with the problem of digesting excess capacity in equipment manufacturing industry. Cross-border M & A is an effective way to solve the above problems. At present, Chinese equipment manufacturing enterprises have launched large-scale overseas mergers and acquisitions, on the one hand, to meet the domestic demand for high-end technology, on the other hand, to actively expand the overseas market of China's equipment manufacturing industry, and reshape the role and position of Chinese enterprises in the international division of labor. The choice of appropriate M & A objectives will contribute to the successful implementation of cross-border mergers and acquisitions. Based on the above background, this paper first summarizes the research results on the choice of target enterprises at home and abroad, and then summarizes the theoretical basis of cross-border mergers and acquisitions from two aspects: foreign direct investment theory and enterprise merger and acquisition theory. Based on the analysis of charts and data, this paper studies the present situation of cross-border mergers and acquisitions in China's equipment manufacturing industry from three aspects: the scale, location distribution and industry distribution of cross-border mergers and acquisitions in China's equipment manufacturing industry. It is found that the M & A objectives of Chinese equipment manufacturing enterprises are mostly concentrated in European and American countries and regions. On this basis, this paper expounds the characteristics of cross-border M & A of Chinese equipment manufacturing enterprises in four stages, and analyzes the factors that affect the target selection of Chinese equipment manufacturing enterprises from two angles of target enterprise and acquisition enterprise. The emphasis is to combine these influencing factors with AHP, to construct the target selection model of cross-border M & A in China's equipment manufacturing industry, to judge the importance of various influencing factors in the selection of target enterprises by selecting the model, and to carry out empirical tests with examples. The conclusion is that Chinese equipment manufacturing enterprises have a high demand for their advanced technology and brand when choosing M & A objectives. Finally, in view of the problems existing in the cross-border M & A of China's equipment manufacturing industry and the results of the research, some suggestions are given from the point of view of the government and the enterprise.
【學位授予單位】：天津財經(jīng)大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F271;F426.4

【參考文獻】

相關期刊論文 前10條

1 唐宇;王慧;;實物期權法對并購目標企業(yè)價值評估的應用研究[J];科技致富向導;2013年24期

2 沈滿洪;張兵兵;;交易費用理論綜述[J];浙江大學學報(人文社會科學版);2013年02期

3 邵慰;李杰義;;我國先進裝備制造業(yè)海外并購與技術進步實證研究[J];科技進步與對策;2012年15期

4 陶瑞;張秋月;;基于并購匹配的目標企業(yè)選擇研究[J];北京工商大學學報(社會科學版);2011年06期

5 陳柳欽;;加快振興高端裝備制造業(yè)[J];高科技與產(chǎn)業(yè)化;2011年09期

6 劉紅梅;;中國企業(yè)跨國并購需考慮工會影響[J];對外經(jīng)貿(mào)實務;2011年04期

7 張洪;刁莉;;中國資源型企業(yè)跨國并購的戰(zhàn)略思考[J];亞太經(jīng)濟;2010年02期

8 康志勇;;經(jīng)濟全球化對本土裝備制造業(yè)企業(yè)自主創(chuàng)新的影響:基于中國企業(yè)層面的數(shù)據(jù)分析[J];財貿(mào)研究;2010年01期

9 曹翠珍;;基于經(jīng)濟全球化視角的海外并購目標企業(yè)的選擇分析[J];財會通訊;2009年24期

10 李新艷;;企業(yè)并購中目標企業(yè)的選擇決策分析[J];中國集體經(jīng)濟;2009年22期

相關碩士學位論文 前7條

1 熊雅璐;資源型企業(yè)跨國并購中的目標企業(yè)選擇研究[D];江西財經(jīng)大學;2012年

2 王瑞;并購中目標企業(yè)的價值評估研究[D];財政部財政科學研究所;2012年

3 解輝;后危機時代遼寧裝備制造業(yè)對外直接投資方式選擇研究[D];沈陽師范大學;2012年

4 任翹;基于戰(zhàn)略的并購目標企業(yè)選擇[D];北京交通大學;2011年

5 李慧;外資并購的國際比較及對我國海外并購的思考[D];天津財經(jīng)大學;2009年

6 郝宏蘭;中國企業(yè)跨國并購目標選擇研究[D];北京交通大學;2008年

7 李增艷;戰(zhàn)略性并購中目標企業(yè)選擇研究[D];湘潭大學;2008年

，

本文編號：2499808