本文關(guān)鍵詞： 大資產(chǎn)管理 股權(quán)并購(gòu) 績(jī)效　出處：《寧夏大學(xué)》2017年碩士論文　論文類(lèi)型：學(xué)位論文

【摘要】：2011年以來(lái),隨著我國(guó)相關(guān)政策法規(guī)的改變,政府對(duì)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(cái)富的快速積累,我國(guó)資產(chǎn)管理行業(yè)進(jìn)入“大資管”時(shí)代,而作為行業(yè)的供應(yīng)端,各大金融性集團(tuán)把投資發(fā)展增值類(lèi)業(yè)務(wù)和參與經(jīng)營(yíng)高增速行業(yè)作為主要戰(zhàn)略。由于經(jīng)濟(jì)的增速放緩,國(guó)家調(diào)整金融政策,使得協(xié)議存款、債券、債權(quán)投資計(jì)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(jì)形勢(shì)下,股權(quán)并購(gòu)作為企業(yè)實(shí)現(xiàn)發(fā)展和擴(kuò)張的一種方法變的愈發(fā)受人追捧,近年來(lái)頻發(fā)的保險(xiǎn)資金二級(jí)市場(chǎng)舉牌事件就是例子。但這種方式究竟能否在新時(shí)代下為企業(yè)實(shí)現(xiàn)價(jià)值增長(zhǎng),是一個(gè)值得思考的問(wèn)題。本文結(jié)合“大資管”時(shí)代的特點(diǎn),選取大資產(chǎn)管理視角,對(duì)中國(guó)平安保險(xiǎn)公司近年對(duì)上海家化、碧桂園、汽車(chē)之家這三家企業(yè)進(jìn)行的大規(guī)模股權(quán)并購(gòu)案例進(jìn)行研究,對(duì)并購(gòu)案參與方的財(cái)務(wù)報(bào)表,公司公告以及其他相關(guān)信息進(jìn)行收集整理,結(jié)合并購(gòu)參與各方的動(dòng)機(jī)和并購(gòu)后的整合措施,基于大資產(chǎn)管理視角來(lái)分析并購(gòu)為中國(guó)平安帶來(lái)了哪些績(jī)效和影響。并對(duì)其他從事資產(chǎn)管理業(yè)務(wù)的公司在股權(quán)并購(gòu)對(duì)象的選擇,股權(quán)并購(gòu)的時(shí)機(jī)選擇以及股權(quán)并購(gòu)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(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類(lèi)號(hào)】：F842.3;F271

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