再论股份制企业并购财务决策的边界条件  

Re Discussion on the Financial Boundaries for Corporate Merger and Acquisition Decisions

作　　者：刘可新[1] 王浣尘[1] 苏罡[1] 高国富 

机构地区：[1]上海交通大学管理学院

出　　处：《上海交通大学学报》1998年第3期53-55,共3页Journal of Shanghai Jiaotong University

基　　金：国家自然科学基金

摘　　要：讨论了企业并购的方式，将股份制企业并购财务决策的边界条件做了重新界定．提出了新的企业并购财务决策的边界条件分析模型，并通过定量分析为并购双方得出了可行的交易价格和交易条件的谈判边界．最后指出在边界条件界定的区域内实施并购对并购双方都是有益的．This paper discusses the acquiring method of corporate merger and acquisition, defines the financial boundaries of negotiation for the acquirer and acquiree, developes a new analysing model to determine financial boundary for the M&A decision, puts forward the negotiation range of transferring price and condition for the acquirer and acquiree by quantitative analysing. In the end, the paper points out it is profitable for both of the acquirer and acquiree to implement acquisition in the range of financial boundaries.

关 键 词：企业经济 企业并购 财务决策 股份制企业 

分 类 号：F272.3[经济管理—企业管理] F276[经济管理—国民经济]