“一带一路”倡议背景下中资企业跨国并购风险的理论分析  

Theoretical Analysis of the Risk of Transnational Merger and Acquisition of Chinese Enterprises under the Background of the Belt and Road Initiative

作　　者：林红[1] Lin Hong

机构地区：[1]山东社会科学院

出　　处：《经济动态与评论》2019年第1期85-103,208,209,共21页Review of Economic Trends

摘　　要：根据普华永道公布的2016年中资企业并购市场回顾报告,2016年中国企业跨国并购交易量增长巨大,约为2015年的2.5倍,同比增长142%。交易金额约为2015年的3.5倍,同比增长246%,达到2200亿美元,该金额超过了大陆企业2012~2015年的海外并购交易总金额。随着中国“一带一路”倡议推进实施,当前中资企业资本输出将加快步伐。但是中资企业海外投资的盲目跟风,给企业未来发展埋下诸多隐患。因此,加强“一带一路”倡议推进实施中中资企业跨国并购的动因、风险理论研究具有重大的现实意义。According to the retrospective report of Chinese-funded M&A market published by PricewaterhouseCoopers in 2016,the volume of cross-border M&A transactions of Chinese mainland enterprises increased tremendously in 2016,and it is about 2.5 times that of 2015,with an increase of 142% over the same period of last year.In terms of transaction amount,it is about 3.5 times that of 2015,with an increase of 246% over the previous year,reaching$220 billion,which exceeds the total amount of overseas M&A transactions of mainland enterprises from 2012 to 2015.With the implementation of the Belt and Road Initiative,the current capital export of Chinese enterprises will accelerate.But the blind follow-up of overseas investment by Chinese-funded enterprises has laid many hidden dangers for their future development.Therefore,it is of great practical significance to strengthen“the Belt and Road”Initiative to promote the motivation and risk theory of cross-border mergers and acquisitions of Chinese funded enterprises.

关 键 词：“一带一路” 中资企业 跨国并购 

分 类 号：F27[经济管理—企业管理]