企业并购的协同效应分析——以京东物流并购德邦快递为例  

Research on the Synergy Effect of Enterprise Merger and Acquisition--Based on the Event Analysis of Jingdong Logistics'Merger and Acquisition of Debon Express

作　　者：郑德琦 赵洪丹[1] 王可及 Zheng Deqi;Zhao Hongdan;Wang Keji(Jilin Normal University,Siping 136000,China)

机构地区：[1]吉林师范大学,吉林四平136000

出　　处：《廊坊师范学院学报（自然科学版）》2024年第3期89-94,共6页Journal of Langfang Normal University(Natural Science Edition)

基　　金：国家社科基金项目“乡村振兴中的农村金融发展与创新”(21FJY030)。

摘　　要：近年来受疫情等因素的影响,物流行业的发展面临着巨大挑战,并购成为其发展的有效途径。对京东物流与德邦快递的并购事件进行研究发现,京东物流并购德邦快递通过人力资源整合实现管理协同;并购使京东物流的运输网络、客户结构得到完善,实现了经营协同;通过对并购后的企业盈利、偿债以及运营能力分析发现,并购实现了财务协同效应。因此,物流企业可以根据自身条件和宏观环境适时开展并购应对发展挑战;政府部门要鼓励物流企业通过并购等方式进行资源优化整合,提升物流企业竞争力和一体化供应链综合服务能力。Through the analysis of the merger and acquisition of JD Logistics and Debon Express,the authorfinds that JD Logistics'merger and acquisition of Debon Express achieves management synergy through human resources integration;the merger and acquisition improves the transportation network and customer structure of JD Logistics,and also business synergy.Through the analysis of corporate profitability,debt repayment and operational capacity afer M&A,the author also finds that M&A has achieved financial synergies.Therefore,logistics enterprises can timely carry out mergers and acquisitions to cope with development challenges according to their own conditions and macro environment;government departments should encourage logistics enterprises to optimize and integrate resources through mergers and acquisitions,enhance the competitiveness oflogistics enterprises and the comprehensive service capabilities of integrated supply chain,and promote the development of the logistics industry.

关 键 词：协同效应 企业并购 并购绩效 物流行业 

分 类 号：F23[经济管理—会计学]