本文選題：并購(gòu) + 并購(gòu)融資��； 參考：《山東財(cái)經(jīng)大學(xué)》2014年碩士論文

【摘要】：企業(yè)并購(gòu)是指企業(yè)之間的兼并和收購(gòu)。并購(gòu)能夠有效降低交易費(fèi)用，實(shí)現(xiàn)多元化經(jīng)營(yíng)，提高企業(yè)的競(jìng)爭(zhēng)力，使企業(yè)迅速擴(kuò)大規(guī)模，是企業(yè)發(fā)展過程中的一項(xiàng)重要戰(zhàn)略選擇。并購(gòu)的本質(zhì)是社會(huì)資源的重新配置。 并購(gòu)是一個(gè)高度復(fù)雜的過程，企業(yè)在并購(gòu)的過程中會(huì)面臨各種問題，其中并購(gòu)融資問題更是企業(yè)實(shí)施并購(gòu)戰(zhàn)略的一個(gè)主要的制約因素。我國(guó)的企業(yè)并購(gòu)開始于改革開放之后，真正意義上的并購(gòu)也只有十幾年的歷史，再加上我國(guó)的資本市場(chǎng)不發(fā)達(dá)，融資工具比較單一，資金來源較少，所以融資問題一直是困擾我國(guó)企業(yè)并購(gòu)發(fā)展的“瓶頸”。 本論文以研究信托在企業(yè)并購(gòu)融資中的應(yīng)用為主要內(nèi)容。本文在對(duì)我國(guó)現(xiàn)階段并購(gòu)融資現(xiàn)狀和信托業(yè)發(fā)展現(xiàn)狀進(jìn)行了深入研究之后，，發(fā)現(xiàn)信托可以憑借其制度優(yōu)勢(shì)參與到企業(yè)的并購(gòu)中，信托在為企業(yè)解決并購(gòu)融資問題的同時(shí)還能夠?qū)崿F(xiàn)其自身的轉(zhuǎn)型發(fā)展。隨后本文根據(jù)信托制度和金融創(chuàng)新理論，比較全面地設(shè)計(jì)了四種信托并購(gòu)模式，并對(duì)每一種模式進(jìn)行了詳細(xì)的介紹。最后本文利用案例分析的方法探討并證明了信托可以在企業(yè)并購(gòu)融資中發(fā)揮重大作用。本文的研究有望為我國(guó)企業(yè)利用信托進(jìn)行并購(gòu)提供參考，并為我國(guó)并購(gòu)基金的發(fā)展提供思路。
[Abstract]:M & A refers to mergers and acquisitions between enterprises. M & A is an important strategic choice in the process of enterprise development, which can effectively reduce transaction costs, achieve diversified management, improve the competitiveness of enterprises, and make enterprises expand rapidly. The essence of M & A is the reallocation of social resources. M & A is a highly complex process, and enterprises will face various problems in the process of M & A, in which M & A financing is one of the main constraints for the implementation of M & A strategy. The merger and acquisition of enterprises in our country began after the reform and opening up, and the real M & A has only a history of more than ten years. In addition, the capital market of our country is not developed, the financing tools are relatively single, and the sources of funds are relatively small. Therefore, the financing problem has been the bottleneck of the development of M & A in our country. The main content of this thesis is to study the application of trust in M & A financing. After deeply studying the present situation of M & A financing and the development of trust industry in China, this paper finds that trust can participate in M & A by virtue of its institutional advantages. Trust can solve M & A financing problem for enterprises and realize its own transformation and development at the same time. Then, according to the trust system and financial innovation theory, this paper designs four trust M & A models in a more comprehensive way, and introduces each model in detail. Finally, this paper discusses and proves that trust can play an important role in M & A financing by case study. The research in this paper is expected to provide reference for Chinese enterprises to use trust to conduct mergers and acquisitions, and to provide ideas for the development of M & A funds in China.
【學(xué)位授予單位】：山東財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F271;F275;F832.49

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本文編號(hào)：2086110