基于公司并购的美国反垄断政策变迁及其启示  

American Anti-monopoly Policy Change and Its Enlightenment based on M&A

作　　者：谢永添[1] 

机构地区：[1]厦门国家会计学院,福建厦门361009

出　　处：《商业研究》2013年第7期158-164,共7页Commercial Research

摘　　要：在过去的五次公司并购浪潮中,美国政府奉行的反垄断政策经历了由宽渐严、再由严渐宽的变迁过程。第三次浪潮之前的渐严变化是出于反对大企业垄断、保护国内市场自由竞争的考虑,第四次浪潮后的渐宽变化则更多地考虑经济全球化趋势下维护本国企业在全球的竞争地位。政策的变迁反映出美国政府"国家利益至上"的一贯立场。发达国家貌似公平的竞争规则往往给经济地位不同的国家造成不公平的后果。因此,在经济全球化的背景下,中国基于企业兼并的反垄断立法及司法原则,应致力于在促进市场公平竞争的基础上努力维护国家的经济安全和民族产业在国际经济中的地位。During the past five M＆A waves, the anti - monopoly policies that the US government has carried out have gone through such a change process： from loose to rigorousness before the third wave and reverse since the fourth wave. Gradually change to rigorousness before the third wave is out of concern against big enterprises monopoly to protect the free competition in the domestic market. Gradually change to loose after the fourth wave is to protect its competitive posi- tion in the world under the trend of economic globalization. This change reflects the US＇s consistent stance for its supreme national interests. The speciously fair competitive rules put forward by the developed countries often give rise to unfair re- suits for developing countries. Therefore, under the trend of economic globalization, China should devote to maintaining its economic safety and protecting the due position of its national industries when is enacting and implementing its own anti - monopoly law.

关 键 词：公司并购 反托拉斯法 合并指南 市场集中度 

分 类 号：F038.2[经济管理—政治经济学] F83