新兴市场国家市场经济环境与跨国并购相关性研究  

Study of Correlation between Market Economy Environment of Emerging Markets and Cross Border M&A

作　　者：阎大颖[1] 

机构地区：[1]南开大学国际经济研究所,天津市300071

出　　处：《中南财经政法大学学报》2007年第5期125-130,共6页Journal of Zhongnan University of Economics and Law

基　　金：教育部人文社会科学研究基金青年资助项目"中国企业海外并购微观经济效应问题研究"(06JC790024)

摘　　要：新兴市场的市场潜力(包括市场规模、市场增长率、市场强度、市场消费能力、商业基础设施、经济自由度、市场对外接受度和国家风险)越大,对跨国并购的吸引力越强,其中经济自由度、市场强度、商业基础设施的发展水平对跨国并购的吸引能力更强。新兴市场内部市场经济制度的完善及与发达国家的接轨是提高吸引外资竞争力的重要条件。This paper investigates the relationship between market economic environment and the cross border M&A into emerging markets.The market potential includes the composites of market size,market growth rate,market intensity,market consumption capacity,commercial infrastructure,economic freedom, market receptivity and country risk.The higher market potential is,the stronger attractiveness of cross border M&A has.What's more,the higher level of economic freedom,market intensity,commercial infrastructure and country risk play important roles in cross border M&A.The key empirical implication of this paper is that the marketing approaches and economic institutional transition toward proximity with developed countries is determinant for emerging markets to enhance their competitiveness to absorb foreign investments.

关 键 词：新兴市场 跨国并购 市场潜力指数 

分 类 号：F125[经济管理—世界经济]