本文選題：環(huán)保項目 + 跨國并購�。� 參考：《深圳大學(xué)》2017年碩士論文

【摘要】：企業(yè)并購的風(fēng)險,有的來自于市場,有的則源于被并購企業(yè),跨國并購更是由于其存在文化、地理、制度上的差異,會面臨著在本國經(jīng)營時不曾面臨的風(fēng)險,企業(yè)只有具備較強的風(fēng)險意識,并且能夠控制和管理并購風(fēng)險才能用最低的成本獲得最大的收益。利用垃圾填埋氣發(fā)電屬于再生能源,國內(nèi)外政府均鼓勵其開發(fā)利用,因此該行業(yè)吸引眾多投資者,其中不乏民營企業(yè),然而,中國企業(yè)走出去不僅面臨著政治、文化、整合風(fēng)險,還面臨著鮮為人知的滲濾液處理方式、支付回扣,宗教信仰以及上市公司社會責(zé)任等風(fēng)險。據(jù)美國著名企業(yè)管理機構(gòu)科爾尼公司統(tǒng)計,在全球范圍內(nèi),只有20%的跨國并購能夠?qū)崿F(xiàn)最初的設(shè)想,80%的并購都會以失敗告終。所以,跨國并購要全盤考慮,量力而行。本文以印尼真實案例為基礎(chǔ),運用通用的并購理論、風(fēng)險管理理論以及SWOT分析、敏感性分析等方法,對跨國并購中遇到的風(fēng)險進行分析。第一章介紹了研究問題及框架,相關(guān)理論及文件綜述,并購雙方動因,為后面的研究打下基礎(chǔ)。第二章介紹了垃圾填埋氣發(fā)電的現(xiàn)狀與趨勢,讓讀者了解環(huán)保-固廢行業(yè),對本文研究的環(huán)保項目特殊風(fēng)險有一定認知。第三章主要挑選了幾個典型的跨國并購案列進行分析與總結(jié),目的是從中獲得對本次并購的啟示,避免損失。第四章針對印尼的投資環(huán)境進行SWOT分析,從而找到投資NOEI公司的機遇與挑戰(zhàn)。第五章是本文的重點,首先對并購項目現(xiàn)狀進行整體描述,然后通過盡職調(diào)查團隊考察結(jié)果對項目本身存在的問題從技術(shù)運營、機器設(shè)備、法律、財務(wù)四個方面進行分析,找到風(fēng)險點并給出相應(yīng)的解決方案。最終通過由點到面、由表及里挖掘出該項目隱藏的巨大風(fēng)險。第六章對研究問題進行總結(jié),提出論文結(jié)論和建議。
[Abstract]:Some of the risks of M & A come from the market, and some of them are from the acquired enterprises. Transnational M & A is faced with risks that have not been faced when they operate in their own countries because of their cultural, geographical and institutional differences. Only if enterprises have strong risk awareness and be able to control and manage M & A risks can they obtain the maximum profit at the lowest cost. The use of landfill gas for power generation is a renewable energy source, and the government at home and abroad encourages its development and utilization. Therefore, the industry attracts many investors, including private enterprises. However, Chinese enterprises not only face politics, culture, but also go abroad. Integration risks also face little-known leachate treatments, payment rebates, religious beliefs and social responsibility of listed companies. According to Colney Company, a famous American enterprise management organization, only 20% of cross-border M & A can realize the original idea and 80% of M & A will fail in the world. Therefore, cross-border M & A should be considered in an all-round way, within the limits of its capacity. Based on the real case of Indonesia, this paper analyzes the risks encountered in cross-border M & A by using general M & A theory, risk management theory, SWOT analysis, sensitivity analysis and so on. The first chapter introduces the research issues and framework, related theories and documents review, M & A motivation, lay a foundation for the following research. The second chapter introduces the current situation and trend of landfill gas power generation, which makes readers understand the environmental protection and solid waste industry, and has a certain understanding of the special risks of environmental protection projects studied in this paper. The third chapter mainly selects several typical transnational merger cases to analyze and summarize, in order to obtain inspiration to this merger and avoid loss. Chapter four analyzes the investment environment of Indonesia by SWOT, and finds the opportunity and challenge to invest in NOEI. The fifth chapter is the focus of this paper. Firstly, the status quo of M & A project is described as a whole, and then the problems of the project itself are analyzed from four aspects: technical operation, machinery and equipment, law and finance through the results of due diligence team inspection. Identify risk points and provide solutions. Finally, through point-to-face, from surface to inside mining the project hidden huge risks. The sixth chapter summarizes the research problems and puts forward the conclusions and suggestions.
【學(xué)位授予單位】：深圳大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號】：F271;F299.24

【參考文獻】

相關(guān)期刊論文 前1條

1 劉升福;企業(yè)戰(zhàn)略風(fēng)險管理理論綜述[J];現(xiàn)代管理科學(xué);2003年12期

，

本文編號：2054490