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  本文選題：種業(yè)企業(yè)　切入點：并購績效　出處：《北方工業(yè)大學》2015年碩士論文　論文類型：學位論文

【摘要】：從宏觀角度看,企業(yè)并購可以優(yōu)化資源配置,調(diào)整產(chǎn)業(yè)結(jié)構(gòu)；從微觀角度看,企業(yè)并購可以迅速擴大企業(yè)規(guī)模、提高市場競爭力。我國種業(yè)存在產(chǎn)業(yè)集中度低、企業(yè)規(guī)模小、經(jīng)營實力弱、研發(fā)投入不足等一系列問題,與國外種業(yè)相比有著巨大的差距,2012年中央一號文件明確提出：“優(yōu)化調(diào)整種子企業(yè)布局,提高市場準入門檻。推動種子企業(yè)兼并重組,鼓勵大型企業(yè)通過并購、參股等方式進入種業(yè)�！痹谶@種背景下,我國種業(yè)企業(yè)將迎來并購浪潮。但是并購是一把雙刃劍,一方面,它能夠拓寬種業(yè)企業(yè)的發(fā)展空間,有利于企業(yè)做大做強；另一方面,如果企業(yè)的并購準備不夠充足,并購后不能合理整合內(nèi)部資源,可能會導致資產(chǎn)流失,降低企業(yè)績效,甚至有可能破壞我國種業(yè)的健康發(fā)展。因此分析我國種業(yè)企業(yè)的并購績效至關(guān)重要。 本文首先指出我國種業(yè)企業(yè)的并購動因,指出并購重組的必要性。隨后結(jié)合我國種業(yè)企業(yè)的特點,提出適用于我國種業(yè)企業(yè)并購績效的考核指標及影響因素,主要應用財務指標和非財務指標對并購績效進行評價,反映企業(yè)并購前后的盈利能力、營運能力、成長能力、償債能力、研發(fā)能力、市場份額以及經(jīng)營范圍的變化情況。接著總結(jié)了我國種業(yè)企業(yè)并購績效的現(xiàn)狀,并加入荃銀高科案例進行深入分析。 最后,結(jié)合我國種業(yè)企業(yè)并購績效現(xiàn)狀及存在的問題,提出了提高我國種業(yè)企業(yè)并購績效的實施路徑：第一,加強種業(yè)企業(yè)間并購重組,積極整合產(chǎn)業(yè)鏈；第二,并購后應注重內(nèi)部資源的整合；第三,并購后增強企業(yè)研發(fā)能力,加大研發(fā)投入；第四,通過合作模式開拓國際市場；第五,企業(yè)應積極地進入國家種業(yè)科技成果產(chǎn)權(quán)交易平臺進行交易；第六,完善政府相關(guān)政策。
[Abstract]:From the macro point of view, M & A can optimize the allocation of resources and adjust the industrial structure. From the micro point of view, M & A can rapidly expand the scale of enterprises and improve market competitiveness. A series of problems, such as weak management strength and insufficient R & D investment, have a huge gap compared with the foreign seed industry. In 2012, the No. 1 document of the Central Committee clearly stated: "optimize and adjust the distribution of seed enterprises, raise the threshold of market access, and promote the annexation and reorganization of seed enterprises." Large enterprises are encouraged to enter the seed industry through mergers and acquisitions and share participation. "in this context, the seed industry enterprises in our country will usher in a wave of mergers and acquisitions. But M & A is a double-edged sword. On the one hand, it can broaden the development space of seed industry enterprises." On the other hand, if the enterprise is not prepared enough for M & A and can not reasonably integrate internal resources after M & A, it may lead to the loss of assets and reduce the performance of the enterprise. It may even destroy the healthy development of Chinese seed industry, so it is very important to analyze the M & A performance of Chinese seed industry enterprises. This paper first points out the causes of M & A of seed enterprises in China, and points out the necessity of M & A. Then, combining with the characteristics of seed enterprises in China, the paper puts forward the evaluation indexes and influencing factors suitable for the M & A performance of seed enterprises in China. The main use of financial indicators and non-financial indicators to evaluate the performance of M & A, reflecting the profitability, operating capacity, growth capacity, solvency, R & D capacity of enterprises before and after mergers and acquisitions, The market share and the change of the scope of operation. Then summarized the current situation of M & A performance of seed industry enterprises in China, and joined the case of Tsuen Silver Hi-Tech for in-depth analysis. Finally, combined with the current situation and existing problems of seed industry M & A performance in China, the paper puts forward the implementation path of improving the performance of seed industry M & A: first, strengthen the merger and reorganization among seed enterprises, and actively integrate the industrial chain; second, After M & A, we should pay attention to the integration of internal resources; third, enhance the R & D capacity of enterprises after M & A; increase R & D investment; 4th, develop the international market through cooperation mode; 5th, Enterprises should actively enter the national seed industry technology achievements trading platform for transactions; 6th, improve the relevant government policies.
【學位授予單位】：北方工業(yè)大學
【學位級別】：碩士
【學位授予年份】：2015
【分類號】：F324.6;F271

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