我国企业海外并购定价理论与实践研究  

PricingTheory and Practice of Chinese Enterprises' overseas M & A

作　　者：付强 万文娇[2] 韩君 

机构地区：[1]兰州财经大学甘肃经济发展数量分析研究中心 [2]中南财经政法大学统计与数学学院

出　　处：《价格理论与实践》2016年第4期144-147,共4页Price:Theory & Practice

基　　金：甘肃经济发展数量分析研究中心项目(SLYB201203)的资助

摘　　要：在国家"走出去"战略的支持下,我国越来越多的企业开始通过海外并购实施国际化战略。相关数据显示,我国企业海外投资规模不断扩大,海外并购比例逐渐增加。但是,也出现了一些海外并购不成功的案例,其中盲目定价是主要原因。针对我国企业海外并购定价的困境,本文梳理总结了海外并购定价的理论与方法,并结合我国企业海外并购的实践,分析了我国企业海外并购定价问题,提出了具有指导性的对策建议。With the support of the strategy for overseas businesses, more and more enterprises implement internationalization strategy in China through over- seas mergers and acquisitions. However, data show that cases of Chinese enterpris- es overseas mergers and acquisitions is with high failure rate, which is the main reason for blind pricing. In order to resolve the plight of the pricing of over- seas M ＆ A for Chinese enterprises, we review and summarize the theory and method of the pricing for overseas mergers and acquisitions. Combined with practice of Chinese enterprises＇overseas mergers and acquisitions, we analyze the experience and lessons of the pricing of Chinese enterprises＇ overseas mergers and acquisi- tions and then givesome instructive policy suggestions.

关 键 词：海外并购定价 企业价值评估 协同效应 博弈定价 

分 类 号：F271[经济管理—企业管理]