中国企业海外并购的动因、特点及挑战  

Motivations,Characteristics and Challenges of Chinese Enterprises' Oversea Mergers and Acquisitions

作　　者：周煊[1] 

机构地区：[1]对外经济贸易大学国际商学院,北京100029

出　　处：《改革》2005年第9期92-96,共5页Reform

摘　　要：加入世界贸易组织后,海外并购成为中国企业对外直接投资的新趋势。海外并购的兴起得益于中国企业自身实力的增强、国家资源战略的推行、全球竞争的普及以及政府对外直接投资态度的转变。中国企业的海外并购具有重视长远战略利益、大量借助外部融资和逢低吸纳等特点。中国企业海外并购的趋势方兴未艾,但要面对短期财务压力、适应国际法律规范、跨文化管理、东道国政府的干涉以及全球运作整合等多方面的挑战。After China being a member of WTO, oversea merger and acquisition has been the trend of Chinese FDI. There are several factors to explain this trend, that are,the more powerful Chinese enterprise, national resource strategy, furious global competition and the changes of Chinese government＇s attitude to FDI. When doing oversea mergers and acquisitions, Chinese Enterprises pay more attentions to the long-term strategic benefits, and are skilled at utilizing external financing skills and grasping opportunity. Chinese Enterprises will face five challenges in the future oversea mergers and acquisitions： short-term financial pressure, understanding international laws, cross-culture management, intervenes of host government and global business integration.

关 键 词：中国企业 对外直接投资 海外并购 全球整合 东道国政府 世界贸易组织 全球竞争 跨文化管理 自身实力 资源战略 

分 类 号：F271[经济管理—企业管理] F279.23[经济管理—国民经济]