文档介绍：我国上市公司跨国并购的绩效评估----以汽车行业为例
摘要
随着中国加入WTO已经走过了第十个年头,而经济也继续飞速发展,越来越多的中国企业开始通过“走出去”跨国并购战略,进行海外扩张。特别是在金融风暴后全球资本市场市值大幅缩水时,许多中国企业更希望能抓住这一难得的机会在跨国并购中有所收获。然而,中国企业的跨呢?这一课题引发了实务界和学术界的强烈关注。
对此,本文将以汽车行业为代表,对中进行一定的研究和分析。本文第一部分,介绍了企业并购的基本概念以及重要的绩效分析方法。第二部分,介绍了中国汽车行业上市公司进行企业跨国并购的历史进程、发展现状及特点。第三部分,运用会计研究法,采用具有典型意义的财务指标,考核企业跨的变化情况,发现跨出现了下降。第四部分,本文分析了导致企业并购绩效较低的原因。第五部分,根据企业跨国并购中存在的实际问题,对企业和政府提出了相关的对策建议。第六部分,对全文进行了总结。
关键词:跨国并购绩效对策建议
Abstract
China has joined the WTO ten years, with China’s rapid economic development, more and more Chinese enterprises have been expanding overseas through cross-border mergers and after the global capital market has shrunk dramatically, a number of Chinese enterprises want to take this opportunity to gain in cross-border M&A. However, the cross-border M&A of those Chinese enterprises can really improve the performance very well?
This paper will be represented by the automotive industry, research and analysis on the performance of cross-border M&A of Chinese pany. The first part introduces the basic concept of M&A as well as important performance analysis method. The second part describes the evolution process of China's automobile panies cross-border M&A, development status and characteristics. The third part, using the method of accounting research, assessed cross-border M&A of enterprises the previous year, M & A year, year post-merger. Through the assessment, the performance has shown after cross-border M&A. In fourth parts, analyzes the reasons for the low performance. The fifth parts, according to the problems in cross-border M&A, the paper giving enterprises and government mendations. The sixth parts summarized of the full text.
Keywords: M&A Performance mendation
目录
摘要 4
Abstract 5
一、前言 7
(一)、相关概念的界定 7
1、跨国并购的概念 7
2、跨国并购的绩效分析 7
(二)、绩效评估的方法 8
1、事件研究法 8
2、会计研究法 8
二、我国汽车行业的跨国并购 9
(二)、我国汽车行业跨国并购的特点 10
1、跨国并购的规模巨大 10
2、我国汽车行业跨国并购处于初级阶段 11
(三