本文關(guān)鍵詞： 國(guó)企合并 財(cái)務(wù)風(fēng)險(xiǎn) 國(guó)企改革　出處：《首都經(jīng)濟(jì)貿(mào)易大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

【摘要】：并購(gòu)包括兼并與收購(gòu),吸收合并又稱兼并是并購(gòu)方式的一種,作為影響著企業(yè)競(jìng)爭(zhēng)力的重要因素,吸收合并越來(lái)越多的受到管理者和學(xué)者的密切關(guān)注。企業(yè)合并對(duì)優(yōu)化資源配置,提升企業(yè)競(jìng)爭(zhēng)力具有重要的作用。在并購(gòu)過(guò)程中,企業(yè)面臨著不僅有來(lái)自市場(chǎng)的風(fēng)險(xiǎn),也有來(lái)自政策方面的風(fēng)險(xiǎn)以及其他各方面風(fēng)險(xiǎn),但其中最為突出的便是財(cái)務(wù)風(fēng)險(xiǎn)。并購(gòu)雙方應(yīng)該在并購(gòu)過(guò)程中采取有效手段來(lái)規(guī)避或化解潛在的、可識(shí)別的財(cái)務(wù)風(fēng)險(xiǎn)。因此,本文對(duì)并購(gòu)的財(cái)務(wù)風(fēng)險(xiǎn)的分析具有重大意義。“十三五”期間,新一輪的國(guó)企改革將成為國(guó)企健康發(fā)展以及整個(gè)國(guó)民經(jīng)濟(jì)蓬勃發(fā)展的動(dòng)力。中央企業(yè)作為各行各業(yè)的龍頭企業(yè),其一舉一動(dòng)將影響深遠(yuǎn),是我國(guó)進(jìn)行戰(zhàn)略經(jīng)濟(jì)部署的關(guān)鍵。中國(guó)南北車是我國(guó)裝備制業(yè)的領(lǐng)軍人物,由原鐵道部一分為二成為中國(guó)南車、中國(guó)北車,為打破惡意競(jìng)爭(zhēng),發(fā)展“一帶一路”于2014年中國(guó)南北車股票雙雙停牌,開(kāi)啟合并之路。論文選題符合當(dāng)下熱點(diǎn)問(wèn)題,以十三五規(guī)劃與十八屆五中全會(huì)為背景,對(duì)國(guó)企改革下的具體形式國(guó)企并購(gòu)進(jìn)行財(cái)務(wù)風(fēng)險(xiǎn)分析,采用案例分析法,結(jié)合典型案例中國(guó)南北車并購(gòu)案進(jìn)行實(shí)例研究,對(duì)其并購(gòu)財(cái)務(wù)風(fēng)險(xiǎn)進(jìn)行分析,并指出國(guó)企合并風(fēng)險(xiǎn)防控措施,對(duì)國(guó)企合并大潮的到來(lái)提供一定的理論指導(dǎo)。本文的研究主要分為以下四方面內(nèi)容:一、在引言部分詳細(xì)介紹了論文的選題背景、研究意義、文獻(xiàn)綜述、研究方法與框架,并提出可能的創(chuàng)新之處。二、介紹了并購(gòu)的相關(guān)概念,國(guó)企并購(gòu)發(fā)展歷程,并購(gòu)動(dòng)因理論,并對(duì)國(guó)有企業(yè)的并購(gòu)財(cái)務(wù)風(fēng)險(xiǎn)進(jìn)行理論介紹。三、以中國(guó)中車并購(gòu)案例為研究對(duì)象,對(duì)其并購(gòu)背景、并購(gòu)動(dòng)因、并購(gòu)的財(cái)務(wù)風(fēng)險(xiǎn)進(jìn)行研究,并在研究之后做出總結(jié)。四、提出有效的針對(duì)國(guó)有企業(yè)并購(gòu)風(fēng)險(xiǎn)防范建議與措施。希望通過(guò)本文的分析及案例的借鑒,可以為接下來(lái)國(guó)有企業(yè)并購(gòu)提供一定的指導(dǎo)建議與理論方法。
[Abstract]:M & A includes merger and acquisition, absorption and merger is one of the ways of M & A, as an important factor affecting the competitiveness of enterprises. More and more managers and scholars pay close attention to absorption and merger. Corporate merger plays an important role in optimizing the allocation of resources and enhancing the competitiveness of enterprises. Enterprises face not only the risks from the market, but also the risks from the policy and other risks. But the most prominent is the financial risk. Both sides should take effective measures to avoid or resolve the potential, identifiable financial risk. This paper is of great significance to the analysis of the financial risk of M & A. during the 13th Five-Year Plan period. The new round of reform of state-owned enterprises will become the driving force for the healthy development of state-owned enterprises and the vigorous development of the entire national economy, and the central enterprises, as the leading enterprises in various industries, will have far-reaching effects on their every move. It is the key to the strategic economic deployment of our country. China's north-south car is the leading figure in China's equipment industry, and the former railway ministry has become the China Southern car and the China North car in order to break the malicious competition from the former Ministry of Railways into two parts. The development of "Belt and Road" was suspended in 2014, opening the road of merger. The topic of this paper is in line with the current hot issues, with the 13th Five-Year Plan and the Fifth Plenary session of the 18 Central Committee as the background. This paper analyzes the financial risk of the specific form of SOE M & A under the reform of state-owned enterprises, and analyzes the financial risk of SOE M & A by case analysis, combined with the typical case study of China's North-South car merger and acquisition case. The paper also points out that the measures of preventing and controlling the risks of the merger of state-owned enterprises provide certain theoretical guidance for the coming of the tide of merger of state-owned enterprises. The research of this paper is mainly divided into the following four aspects: 1. In the introduction, the background, significance, literature review, research methods and framework of the thesis are introduced in detail. Secondly, the related concepts of M & A and the development of SOE M & A are introduced. M & A motivation theory, and the financial risk of mergers and acquisitions of state-owned enterprises are introduced theoretically. Third, take China China car M & A case as the research object, to its M & A background, M & A motivation, M A financial risk. And after the study to make a summary. 4, put forward effective measures for state-owned enterprises M & A risk prevention recommendations and measures. Hope through the analysis of this article and the case of reference. It can provide some guiding suggestions and theoretical methods for the next state-owned enterprises merger and acquisition.
【學(xué)位授予單位】：首都經(jīng)濟(jì)貿(mào)易大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F426.472;F271;F406.7

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