中国企业跨国并购式海外市场进入模式现状分析与风险管理  

An Analysis of Cross-border M&A and Risk Management of Chinese Enterprises

作　　者：向平[1] 孔杰[2] 

机构地区：[1]武汉大学经济与管理学院,湖北武汉430072 [2]中国社会科学院世界经济与政治所,北京100732

出　　处：《经济管理》2008年第2期57-63,共7页Business and Management Journal ( BMJ )

基　　金：中国社会科学院A类重大课题“中国企业海外市场进入模式研究”阶段性研究成果

摘　　要：近年来,我国企业跨国并购活动日趋活跃,并购主体多数是我国的龙头企业,且以国有企业为主,但民营企业开始崭露头角,跨国并购的主要动因来自企业内部,区位选择呈现明显的资源、技术导向和市场导向。未来一段时期内,我国企业跨国并购总规模将迅速扩大,"国家领军型"企业将成为跨国并购的主角。但是,短期内"纯市场"型的跨国并购不会全面爆发。我国企业应该加强风险管理,重点化解国际政治风险、企业规模风险与公司治理风险和市场风险。The cross-border M＆A of Chinese enterprises is more and more actively in recent years. The main body of them are stateowned big companies. Private companies are emerging in this area. As a whole, the motivity of these companies is pursuit of resources, technologies, markets. In future years, the scale of cross-border M＆A of Chinese enterprises will become larger and larger. The main players will be national-leading companies. But marketing-orientational M＆A will not go up rapidly. We should pay more attention to risk management and focus on political risk, scale-related risk, marketing risk.

关 键 词：跨国并购 海外市场进入模式 风险管理 

分 类 号：F276.7[经济管理—企业管理]