买壳上市绩效评价——新太科技收购远洋渔业的案例分析  

Profit Appraisal of Going Public Through a Reverse Merger

作　　者：李秀斌[1] 朱渝梅 

机构地区：[1]中山大学管理学院,广东广州510275 [2]广州珠江实业开发股份有限公司,广东广州510600

出　　处：《广东经济管理学院学报》2004年第5期40-43,48,共5页Journal of Guangdong Institute of Business Administration

基　　金：国家自然科学基金资助项目(70172022)的阶段性成果

摘　　要：文章在详细分析新太科技收购远洋渔业案例的基础上,初步探讨了买壳上市这种并购方式的绩效评价方法。研究发现,共同价值是双方实现各自并购战略目标的基础,企业并购收益需要经过一段时期才能实现。买壳方在实现间接上市的过程中,如果忽略成本控制,则会在一定程度上牺牲企业的长期发展能力。要实现整体经营业绩的提高,必须提高主营业务水平,改善资本结构。The paper through the detailed analysis of the case of XINTAI TECH purchasing YUANYANG FISHERY expounds the methods of profit appraisal of going public through a reverse merger. It points out that mutual value is the base for the parties to merge. The profit of the merged enterprise will not be made until a certain period of time. In the process of going public indirectly,the merger will sacrifice the long-term development ability of the firm if it neglect cost control. To enhance the whole profit,it must promote its major services and improve its capital structure.

关 键 词：买壳上市 战略并购 绩效评价 

分 类 号：F830.91[经济管理—金融学]