城镇燃气股权并购综合评价方法研究  

Study on comprehensive evaluation methods for urban gas equity mergers and acquisitions

作　　者：任佳维 REN Jiawei(Zhejiang Branch,PetroChina Natural Gas Marketing Company;Zhejiang Branch,PetroChina Kunlun Gas Co.,Ltd.)

机构地区：[1]中国石油天然气股份有限公司天然气销售浙江分公司 [2]中石油昆仑燃气有限公司浙江分公司

出　　处：《国际石油经济》2024年第10期87-94,共8页International Petroleum Economics

摘　　要：从燃气公司股权并购项目的特点出发,从最受关注的影响因素中选取9项一级指标、15项二级指标建立评价体系。一级指标包括:战略协同性、市场质量、效益质量、安全运行质量、公司治理、合规经营、风险防控、财务状况、经济评价。利用层次分析法求解相应指标权重;针对并购项目的实际状况,对各项指标评分;综合权重和评分,得出最终的评价结果。实例分析结果显示,并购项目案例整体上处于“一般”水平,与实际经营状况相符。该方法能够对城镇燃气股权并购项目进行客观评价,有助于提高投资项目决策的准确性,为城镇燃气股权并购项目评价提供了一种有效方法。Starting from the characteristics of gas company equity M&A projects,the paper selects 9 first-level indicators and 15 second-level indicators to establish the evaluation system from the most relevant influencing factors.The first-level indicators include strategic synergy,market quality,efficiency quality,safety operation quality,corporate governance,compliance,risk prevention and control,financial status,and economic evaluation.It solves the weights of the corresponding indicators by using hierarchical analysis,scores the indicators according to the actual situation of the M&A project,and gets the final evaluation results combining the weights and scores.The results of the case analysis show that the M&A projects are at the“average”level,which is in line with actual operating conditions.This method can objectively evaluate urban gas M&A projects and help improve the accuracy of investment project decision-making,providing an effective method for evaluating urban gas M&A projects.

关 键 词：城镇燃气 股权并购 评价体系 层次分析法 

分 类 号：F43[经济管理—产业经济] F47F416.22F426.22F423.1