资源型企业海外投资的退出机制选择——以ECE投资澳ARU公司为例  

The Choice of Exit Mechanism of Overseas Investment of Resource-based Enterprises——Taking ECE Investment in ARU of Australia as an Example

作　　者：王贤梅[1] 刘荣[1] 杜盈[1] 

机构地区：[1]江苏省有色金属华东地质勘查局,南京210007

出　　处：《中国国土资源经济》2013年第2期33-36,共4页Natural Resource Economics of China

摘　　要：资源型企业海外投资存在着巨大风险,企业在不断拓展自己版图的同时,也要定期结合各方面影响因素对海外投资项目进行分析、排序,慎重部署投资退出时机及方式。退出机制影响因素:宏观经济发展状况、市场成熟度及活跃度,投资方战略定位。退出方式:二级市场出售、协议转让、股份回购、管理层收购。Overseas investment of resource-based enterprises involves enormous risk. This paper argues that the enterprises shouldregularly analyze, sort, and carefully deploy the exit time and ways of overseas investment project based on the influence factors of various fields while they continue to expand their territory. It also analyzes influencing factors of exit mechanism： the situationof macro economic development, maturity and activity of market, and the investor＇s strategic positioning. In addition, this paper introduces the forms of capital exit such as sale on the secondary market, agreement for assignment, stock repurchases, andmanagement buy-out.

关 键 词：资源型企业 退出时机 退出方式 

分 类 号：F407.1[经济管理—产业经济]