试论企业购并风险的规避  

Aquistion and Merger(M&A) Risk Evasion

作　　者：杨相和[1] 

机构地区：[1]四川理工学院管理系,四川自贡643000

出　　处：《商业研究》2006年第13期75-78,共4页Commercial Research

摘　　要：公司购并业已成为继对企业“放权让利”和“承包经营”之后企业改革的“第三次浪潮”,它是现代企业产权制度的必然产物。作为一种高度风险型的战略性对外投资,应用得好,既可以优化资源配置又能够加速资本集中,使企业日趋大型化、多元化和国际化。但如果购并不规范的话,轻则会给企业带来风险,重则会使企业陷入困境甚至破产。因此,正确认识购并风险,分析其产生原因并且合理规避购并风险已成为规范公司购并的重要内容。Company ＇ s Aquisfion and merger has already become ＂the third wave＂ of enterprise ＇ s reform after ＂granting power and allowing to keeping a bigger shave of profits＂ and ＂contracting to run＂. It is an inevitable result of modem enterprise property relationship. As a highly- risky strategic foreign investments, it can optimize resources, accelerate the capital centralizatien, in addition to and make enterprises get bigger, more diversified and internationalized. However, the unsucessful M＆.A can cause many risks that may cause the bankrupoy of enterprises. So it is important for enterprises to correctly understand M＆A risks and find the solutions to the evading of them.

关 键 词：公司购并 购并风险 风险规避 

分 类 号：F270[经济管理—企业管理]