山西證券并購格林期貨動因及績效分析
發(fā)布時間:2018-01-17 21:13
本文關(guān)鍵詞:山西證券并購格林期貨動因及績效分析 出處:《深圳大學(xué)》2017年碩士論文 論文類型:學(xué)位論文
【摘要】:近年來由于中國期貨行業(yè)發(fā)展迅速,發(fā)展期貨業(yè)務(wù)成為證券公司的新一輪戰(zhàn)場。首先,由于國家政策的支持,期貨業(yè)務(wù)前景廣闊,對于證券公司來說發(fā)展期貨業(yè)務(wù),可以擴大收入來源,提高其盈利能力,分散風(fēng)險;其次,證券行業(yè)發(fā)展期貨業(yè)可以在維護現(xiàn)有客戶資源的基礎(chǔ)上,吸引新的客戶資源,并為客戶提供更加廣泛的金融服務(wù)業(yè)務(wù);再次,由于期貨行業(yè)在監(jiān)管上比較嚴格,通過并購期貨業(yè)能夠得到被并購公司的期貨業(yè)務(wù)的經(jīng)營牌照,另外證券公司發(fā)展期貨業(yè)務(wù),可以利用自身的平臺、客戶等現(xiàn)有資源與被并購方整合,可以產(chǎn)生1+12的協(xié)同效應(yīng)。本文以山西證券并購格林期貨案例為基礎(chǔ),詳細的分析了并購的背景、過程、動因、績效以及可能存在的問題。通過此次并購,山西證券的各項財務(wù)績效均有所提升,且此后的經(jīng)營發(fā)展模式也變得更加多元化,實現(xiàn)了其并購的初衷。就目前所得出的數(shù)據(jù)結(jié)果,可以判定這是一次較為成功的并購。為今后的中國證券行業(yè)并購提供了借鑒性參考及啟示。
[Abstract]:In recent years, because of the rapid development of China's futures industry, the development of futures business has become a new battlefield for securities companies. First, because of the support of national policies, futures business has broad prospects. For securities companies to develop futures business, can expand the source of income, improve its profitability, spread the risk; Secondly, the development of futures industry in securities industry can attract new customer resources on the basis of maintaining existing customer resources, and provide more extensive financial services for customers. Thirdly, because the futures industry is more strict in supervision, through M & A futures industry can get the business license of the M & A company futures business, in addition, securities companies to develop futures business, can use their own platform. Customers and other existing resources with the M & A party integration can produce 12 synergies. Based on the case of Shanxi Securities M & A Green Futures, this paper analyzes the background, process and motivation of M & A in detail. Performance and possible problems. Through the M & A, the financial performance of Shanxi Securities has been improved, and the subsequent business development model has become more diversified. It can be judged that this is a relatively successful merger and acquisition, which provides a reference and inspiration for the future M & A of China's securities industry.
【學(xué)位授予單位】:深圳大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2017
【分類號】:F832.39;F271
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