企业购并的成本效应分析  

Cost-Benefit Analysis on the Acquisition/Merger of Enterprises

作　　者：王君彩[1] 刘红霞[1] 

机构地区：[1]中央财经大学会计系,北京100081

出　　处：《财经研究》2002年第1期76-80,共5页Journal of Finance and Economics

摘　　要：购并在企业发展中具有重要的作用 ,它是增强企业核心竞争能力 ,实现规模经济效应的有效途径。企业要综合考虑购并所带来的正面及负面效应 ,否则有可能使企业陷入经营困境。本文从交易成本和管理成本入手 ,借助于均衡模型 ,对购并企业适度规模问题进行探讨。Acquisition/merger (A&M)is very important in the development process for an enterprise.It is an effective way for an enterprise to strengthen the core competitive abilities and to realize the benefits for scale economy.Enterprises should take account of both positive and negative effects from acquisition/merger so as to avoid the likely dilemmas caused by acquisition/merger.Assisted by the Equilibrium Model,the paper discusses the scale of for the acquisition/merger of an enterprise from the angle of transaction and management costs.

关 键 词：交易成本 管理成本 企业购并 成本效应分析 规模经济 委托代理关系 中国 WTO 协同效应 

分 类 号：F271[经济管理—企业管理] F279.21[经济管理—国民经济]