本文關(guān)鍵詞： 大資產(chǎn)管理 股權(quán)并購 績效　出處：《寧夏大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

【摘要】：2011年以來,隨著我國相關(guān)政策法規(guī)的改變,政府對資產(chǎn)管理行業(yè)的監(jiān)管逐步放寬,再加上居民以及企業(yè)財富的快速積累,我國資產(chǎn)管理行業(yè)進入“大資管”時代,而作為行業(yè)的供應(yīng)端,各大金融性集團把投資發(fā)展增值類業(yè)務(wù)和參與經(jīng)營高增速行業(yè)作為主要戰(zhàn)略。由于經(jīng)濟的增速放緩,國家調(diào)整金融政策,使得協(xié)議存款、債券、債權(quán)投資計劃等固定收益產(chǎn)品的收益水平不斷下降,在這樣的經(jīng)濟形勢下,股權(quán)并購作為企業(yè)實現(xiàn)發(fā)展和擴張的一種方法變的愈發(fā)受人追捧,近年來頻發(fā)的保險資金二級市場舉牌事件就是例子。但這種方式究竟能否在新時代下為企業(yè)實現(xiàn)價值增長,是一個值得思考的問題。本文結(jié)合“大資管”時代的特點,選取大資產(chǎn)管理視角,對中國平安保險公司近年對上海家化、碧桂園、汽車之家這三家企業(yè)進行的大規(guī)模股權(quán)并購案例進行研究,對并購案參與方的財務(wù)報表,公司公告以及其他相關(guān)信息進行收集整理,結(jié)合并購參與各方的動機和并購后的整合措施,基于大資產(chǎn)管理視角來分析并購為中國平安帶來了哪些績效和影響。并對其他從事資產(chǎn)管理業(yè)務(wù)的公司在股權(quán)并購對象的選擇,股權(quán)并購的時機選擇以及股權(quán)并購后的整合措施等方面提出建議。
[Abstract]:Since 2011, with the change of relevant policies and regulations in China, the government has gradually relaxed the supervision of the asset management industry, coupled with the rapid accumulation of wealth of residents and enterprises. China's asset management industry has entered the era of "large capital management", and as the supply end of the industry. The major financial groups take investment to develop value-added business and participate in the operation of high-growth industries as the main strategy. Due to the slowdown in economic growth, the state has adjusted its financial policy to make agreement deposits and bonds. The income level of fixed-income products such as creditor's rights investment plan is declining, in such economic situation, equity mergers and acquisitions as a way to achieve the development and expansion of enterprises has become increasingly popular. In recent years, the frequent occurrence of insurance funds in the secondary market is a case in point. However, whether this approach can achieve value growth for enterprises in the new era. This paper combines the characteristics of the era of "big capital management", selects the angle of view of large assets management, and makes a research on the Chinese Ping an Insurance Company in recent years to Shanghai Jiahua, country Garden. Auto House these three enterprises to carry out large-scale equity mergers and acquisitions case study, the merger participants financial statements, company announcements and other relevant information collection and collation. Combined with the motivation of the parties involved in M & A and the integration measures after the merger. Based on the large asset management perspective to analyze the M & A for China Ping an what performance and impact, and other companies engaged in asset management in equity M & A options. The timing of equity M & A and the integration measures after M & A are proposed.
【學(xué)位授予單位】：寧夏大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號】：F842.3;F271

【參考文獻】

相關(guān)期刊論文 前10條

1 王輝;;從資金來源看險資舉牌的實質(zhì)[J];中國保險;2017年01期

2 李海朝;;從保險資金運用談險資舉牌——基于SWOT分析[J];保險職業(yè)學(xué)院學(xué)報;2016年05期

3 李維海;;關(guān)于非財務(wù)指標計量企業(yè)價值問題的思考[J];經(jīng)貿(mào)實踐;2015年14期

4 郭亞慧;;大資管時代下保險資產(chǎn)管理的發(fā)展[J];河北金融;2015年06期

5 石陽;;淺談非財務(wù)指標在企業(yè)業(yè)績評價體系中的運用[J];商業(yè)會計;2015年04期

6 葉志偉;;基于財務(wù)指標的公司并購績效影響因素探析[J];國際商務(wù)財會;2014年11期

7 劉睿智;胥朝陽;周超;;并購整合對企業(yè)并購績效影響的實證研究[J];北京交通大學(xué)學(xué)報(社會科學(xué)版);2014年02期

8 余鵬翼;王滿四;;國內(nèi)上市公司跨國并購績效影響因素的實證研究[J];會計研究;2014年03期

9 張明;俞文磊;;大資管時代風(fēng)險投資的創(chuàng)新戰(zhàn)略選擇[J];時代金融;2014年03期

10 游達明;王典中;劉亞慶;;我國上市公司杠桿收購績效研究[J];財務(wù)與金融;2013年05期

相關(guān)碩士學(xué)位論文 前1條

1 石崎良;我國上市公司多元化并購績效實證研究[D];南京大學(xué);2016年

，

本文編號：1458846