企业并购的本土研究进展与研究模型构建  

Review of Domestic Studies of Corporate Acquisition and Proposition of a Research Model

作　　者：乐琦[1] 李建媛[1] 

机构地区：[1]华南师范大学经济与管理学院,广州510006

出　　处：《科技和产业》2016年第7期88-92,共5页Science Technology and Industry

基　　金：国家社会科学基金项目(13BGL053);广东省自然科学基金项目(2014A030313442);广东省哲学社科规划项目(GD14CGL06);广东省高等学校优秀青年教师培养计划资助项目(yq2013049)

摘　　要：基于并购行为的发生过程作为逻辑基础,对近年来国内并购研究进行系统的梳理。研究发现:并购前的研究主要围绕并购动机、并购目标选择与并购时机三方面开展;并购过程中的研究则主要针对并购支付方式、并购谈判过程和决策以及并购过程中的交易风险;而对并购后的研究,则集中于并购后整合以及并购绩效的影响因素研究上。在中国企业并购绩效普遍低下尤其是海外并购成功率不高的情况下,未来研究应多加强事前并购环节对并购绩效的影响研究,探讨如何通过并购发生前的科学决策包括合适的目标选择、尽职调查以及谈判能力的提升等来提高并购成功率以及并购绩效的提升。Based on the behavior occurred during the merger as a logical basis for the recent national study systematically comb.The study found：studies mainly focus on the pre-merger acquisition of motivation,the timing of merger and acquisition target selection carried out in three areas;acquisition process research is focused on the acquisition payment,merger negotiation process and transaction risk decision-making and acquisition process;while acquisitions after the study,the research focused on influencing factors of integration and acquisition performance after the merger.Mergers and acquisitions in China generally poor performance,especially overseas mergers and acquisitions success rate is not high,future research should strengthen the influence of multiple aspects of M ＆ A performance prior acquisitions,and to explore how scientific decision occurred before the merger,including the right target selection,due diligence surveys and enhance bargaining power,such as to improve the success rate of mergers and acquisitions as well as mergers and acquisitions to enhance performance.

关 键 词：企业并购 并购绩效 资源基础观 制度理论 

分 类 号：F271[经济管理—企业管理]