上市公司并购价值创造效应分析——以“宝万之争”为例  

Analysis on the Value Creation Effect of Listed Companies’ Mergers and Acquisitions——Taking the Dispute between Bao Neng and Vanke as an Example

作　　者：周子旋 ZHOU Zi-xuan(Business School,Hunan Normal University,Changsha 410006 China)

机构地区：[1]湖南师范大学商学院

出　　处：《广西经济管理干部学院学报》2019年第2期38-44,共7页Journal of GuangXi Cadres College of Economic and Management

摘　　要：近年来,我国资本市场逐步完善,企业间的并购行为愈演愈烈,并购重组成为企业实现发展的重要方式,是企业发挥自身竞争优势的有效手段。文章在分析宝能收购万科的原因、方式以及万科的反收购措施等和并购对企业的价值创造效应基础上,运用因子分析法对并购价值创造问题进行实证分析,最后,就提高并购的价值创造方面提供一些建议。In recent years,China's capital market has been gradually improved,and the mergers and acquisitions among enterprises have intensified. Merger reorganization has become an important way for enterprises to achieve development,and an effective approach to exert their own competitive advantages. This paper,by analyzing the reasons why Bao Neng acquires Vanke and the acquisition approaches as well as Vanke's Anti-merger measures,uses factor analysis approach to make an empirical analysis on the value creation of Mergers and Acquisitions,and provides some suggestions on improving the value creation of mergers and acquisitions.

关 键 词：并购 宝万之争 价值创造 因子分析法 

分 类 号：F271[经济管理—企业管理] F275[经济管理—国民经济]